The price-to-earnings ratio for PBF Energy Inc (NYSE: PBF) is above average at 5.01x. The 36-month beta value for PBF is also noteworthy at 1.56. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 3 rating it as “overweight,” 10 rating it as “hold,” and 1 rating it as “sell.”
The public float for PBF is 90.64M, and at present, short sellers hold a 11.71% of that float. The average trading volume of PBF on October 29, 2024 was 2.36M shares.
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PBF) stock’s latest price update
PBF Energy Inc (NYSE: PBF)’s stock price has plunge by -4.70relation to previous closing price of 31.60. Nevertheless, the company has seen a -8.94% plunge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-29 that Declining crack spreads have the potential to widen the quarterly loss for PBF. I expect this to be the second consecutive quarter PBF operates at a loss. Negative earnings significantly alter the typical valuation metrics and point to the deterioration of the “undervalued” thesis in the short term. Changes in valuation present near-term price risk, while the refinery markets navigate through general weakness.
PBF’s Market Performance
PBF’s stock has fallen by -8.94% in the past week, with a monthly drop of -2.70% and a quarterly drop of -26.10%. The volatility ratio for the week is 2.69% while the volatility levels for the last 30 days are 3.58% for PBF Energy Inc The simple moving average for the last 20 days is -7.27% for PBF stock, with a simple moving average of -31.86% for the last 200 days.
Analysts’ Opinion of PBF
Many brokerage firms have already submitted their reports for PBF stocks, with BofA Securities repeating the rating for PBF by listing it as a “Underperform.” The predicted price for PBF in the upcoming period, according to BofA Securities is $25 based on the research report published on October 17, 2024 of the current year 2024.
BMO Capital Markets, on the other hand, stated in their research note that they expect to see PBF reach a price target of $35, previously predicting the price at $42. The rating they have provided for PBF stocks is “Market Perform” according to the report published on October 04th, 2024.
JP Morgan gave a rating of “Neutral” to PBF, setting the target price at $40 in the report published on October 02nd of the current year.
PBF Trading at -7.38% from the 50-Day Moving Average
After a stumble in the market that brought PBF to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -52.11% of loss for the given period.
Volatility was left at 3.58%, however, over the last 30 days, the volatility rate increased by 2.69%, as shares sank -3.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.64% lower at present.
During the last 5 trading sessions, PBF fell by -8.50%, which changed the moving average for the period of 200-days by -29.40% in comparison to the 20-day moving average, which settled at $32.48. In addition, PBF Energy Inc saw -31.50% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PBF starting from Control Empresarial de Capital, who purchase 287,100 shares at the price of $31.91 back on Oct 23 ’24. After this action, Control Empresarial de Capital now owns 24,751,498 shares of PBF Energy Inc, valued at $9,160,528 using the latest closing price.
Control Empresarial de Capital, the Add’l Rep. Persons-see Ex.99-1 of PBF Energy Inc, purchase 200,000 shares at $31.76 during a trade that took place back on Oct 24 ’24, which means that Control Empresarial de Capital is holding 24,951,498 shares at $6,352,580 based on the most recent closing price.
Stock Fundamentals for PBF
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.04 for the gross margin
The net margin for PBF Energy Inc stands at 0.02. The total capital return value is set at 0.11. Equity return is now at value 12.66, with 5.55 for asset returns.
Based on PBF Energy Inc (PBF), the company’s capital structure generated 0.19 points at debt to capital in total, while cash flow to debt ratio is standing at 0.91. The debt to equity ratio resting at 0.23. The interest coverage ratio of the stock is 81.1.
Currently, EBITDA for the company is 2.56 billion with net debt to EBITDA at 0.43. When we switch over and look at the enterprise to sales, we see a ratio of 0.11. The receivables turnover for the company is 24.67for trailing twelve months and the total asset turnover is 2.65. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.42.
Conclusion
In summary, PBF Energy Inc (PBF) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
