News headlines about PBF Energy (NYSE:PBF) have trended positive this week, Accern reports. The research group identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. PBF Energy earned a coverage optimism score of 0.27 on Accern’s scale. Accern also assigned news articles about the oil and gas company an impact score of 69 out of 100, indicating that recent news coverage is likely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have impacted Accern’s scoring:
- PBF Energy Inc. (PBF) closes with a move of -2.57%, Keane Group … – Stocks Gallery (stocksgallery.com)
- Pbf Energy Inc-A Set to Possibly Rebound After Yesterday’s Selloff of 3.02% (mysmartrend.com)
- PBF Energy Inc. Class A (NYSE:PBF) Sees Significantly Lower Trading Volume (highlightpress.com)
- PBF Energy Inc. (NYSE:PBF) Receives Average Recommendation of “Hold” from Analysts (americanbankingnews.com)
- (IBM) Shares now down at $145.99 IBM Patents System to Secure… (joshnaijablog.com)
A number of research firms recently weighed in on PBF. Scotiabank set a $24.00 price objective on PBF Energy and gave the company a “buy” rating in a research report on Saturday, May 6th. BidaskClub raised PBF Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Zacks Investment Research lowered PBF Energy from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Barclays PLC reissued an “outperform” rating on shares of PBF Energy in a report on Friday, April 14th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $20.00 target price on shares of PBF Energy in a report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $23.39.
PBF Energy (PBF) opened at 21.63 on Friday. PBF Energy has a 12 month low of $18.48 and a 12 month high of $30.98. The stock has a 50 day moving average price of $22.03 and a 200 day moving average price of $22.26. The stock has a market capitalization of $2.37 billion, a P/E ratio of 12.94 and a beta of 1.40.
PBF Energy (NYSE:PBF) last issued its quarterly earnings results on Thursday, May 4th. The oil and gas company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.26. The business had revenue of $4.75 billion for the quarter, compared to analyst estimates of $4.29 billion. PBF Energy had a net margin of 0.95% and a negative return on equity of 4.20%. The business’s revenue was up 69.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.65) earnings per share. Equities analysts predict that PBF Energy will post $0.42 EPS for the current fiscal year.
In other news, CEO Thomas J. Nimbley acquired 50,000 shares of PBF Energy stock in a transaction that occurred on Tuesday, May 30th. The shares were acquired at an average price of $19.69 per share, with a total value of $984,500.00. Following the completion of the purchase, the chief executive officer now owns 290,000 shares of the company’s stock, valued at approximately $5,710,100. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Connor Thomas L. O purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The shares were bought at an average cost of $20.17 per share, with a total value of $201,700.00. Following the transaction, the insider now directly owns 105,135 shares of the company’s stock, valued at approximately $2,120,572.95. The disclosure for this purchase can be found here. 2.55% of the stock is currently owned by insiders.
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About PBF Energy
PBF Energy Inc (PBF Energy) is a holding company. The Company is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. The Company operates through two segments: Refining and Logistics.
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