PBF Energy Inc (NYSE: PBF)’s stock price has decreased by -2.51 compared to its previous closing price of 32.70. However, the company has seen a 0.31% increase in its stock price over the last five trading sessions. prnewswire.com reported 2024-11-18 that PARSIPPANY, N.J., Nov. 18, 2024 /PRNewswire/ — PBF Energy Inc. (NYSE:PBF) today announced that members of its management team will participate in the TD Cowen Energy Conference on November 19, 2024.
Is It Worth Investing in PBF Energy Inc (NYSE: PBF) Right Now?
PBF has 36-month beta value of 1.58. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 11 as “hold,” and 1 as “sell.”
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The public float for PBF is 86.72M, and currently, short sellers hold a 14.33% ratio of that float. The average trading volume of PBF on December 04, 2024 was 2.35M shares.
PBF’s Market Performance
PBF stock saw an increase of 0.31% in the past week, with a monthly gain of 13.53% and a quarterly increase of -3.57%. The volatility ratio for the week is 3.73%, and the volatility levels for the last 30 days are 3.59% for PBF Energy Inc (PBF). The simple moving average for the last 20 days is 2.19% for PBF stock, with a simple moving average of -24.22% for the last 200 days.
Analysts’ Opinion of PBF
Many brokerage firms have already submitted their reports for PBF stocks, with TD Cowen repeating the rating for PBF by listing it as a “Hold.” The predicted price for PBF in the upcoming period, according to TD Cowen is $27 based on the research report published on November 01, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see PBF reach a price target of $25. The rating they have provided for PBF stocks is “Underperform” according to the report published on October 17th, 2024.
BMO Capital Markets gave a rating of “Market Perform” to PBF, setting the target price at $35 in the report published on October 04th of the current year.
PBF Trading at 1.33% 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 -49.30% of loss for the given period.
Volatility was left at 3.59%, however, over the last 30 days, the volatility rate increased by 3.73%, as shares surge +12.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.79% upper at present.
During the last 5 trading sessions, PBF rose by +0.31%, which changed the moving average for the period of 200-days by -33.80% in comparison to the 20-day moving average, which settled at $31.20. In addition, PBF Energy Inc saw -27.48% 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 409,000 shares at the price of $31.58 back on Nov 27 ’24. After this action, Control Empresarial de Capital now owns 27,368,498 shares of PBF Energy Inc, valued at $12,916,956 using the latest closing price.
Control Empresarial de Capital, the Add’l Rep. Persons-see Ex.99-1 of PBF Energy Inc, purchase 195,000 shares at $31.12 during a trade that took place back on Nov 29 ’24, which means that Control Empresarial de Capital is holding 27,563,498 shares at $6,068,536 based on the most recent closing price.
Stock Fundamentals for PBF
Current profitability levels for the company are sitting at:
- -0.01 for the present operating margin
- -0.0 for the gross margin
The net margin for PBF Energy Inc stands at -0.01. The total capital return value is set at -0.04. Equity return is now at value -4.65, with -2.11 for asset returns.
Based on PBF Energy Inc (PBF), the company’s capital structure generated 0.18 points at debt to capital in total, while cash flow to debt ratio is standing at 0.54. The debt to equity ratio resting at 0.21. The interest coverage ratio of the stock is -6.1.
Currently, EBITDA for the company is 3.52 billion with net debt to EBITDA at 4.41. When we switch over and look at the enterprise to sales, we see a ratio of 0.14. The receivables turnover for the company is 28.0for trailing twelve months and the total asset turnover is 2.66. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.34.
Conclusion
To put it simply, PBF Energy Inc (PBF) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
