News coverage about PBF Energy (NYSE:PBF) has trended somewhat positive on Monday, Accern Sentiment reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. PBF Energy earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave media headlines about the oil and gas company an impact score of 45.4276293291209 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- $5.61 Billion in Sales Expected for PBF Energy Inc. (PBF) This Quarter (americanbankingnews.com)
- Brokerages Expect PBF Energy Inc. (PBF) to Announce $0.78 EPS (americanbankingnews.com)
- Suncor Energy (SU) and PBF Energy (PBF) Financial Survey (americanbankingnews.com)
- PBF Energy Inc. (PBF): Examining the Technicals – Economics and … – Economic News (economicsandmoney.com)
- PBF Energy Inc. Class A (NYSE:PBF) Trading Volume Significantly … – Modern Readers (modernreaders.com)
PBF Energy (NYSE:PBF) opened at 25.46 on Monday. The firm has a 50-day moving average price of $22.31 and a 200-day moving average price of $21.94. PBF Energy has a 52 week low of $18.48 and a 52 week high of $30.98. The company’s market cap is $2.79 billion.
PBF Energy (NYSE:PBF) last posted its earnings results on Thursday, August 3rd. The oil and gas company reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.09. The business had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $4.76 billion. PBF Energy had a negative return on equity of 4.98% and a negative net margin of 0.23%. During the same period in the previous year, the business posted $0.14 EPS. Equities research analysts anticipate that PBF Energy will post $0.52 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date was Friday, August 11th. PBF Energy’s payout ratio is -363.64%.
Several analysts have recently weighed in on PBF shares. Scotiabank set a $24.00 price target on PBF Energy and gave the stock a “buy” rating in a report on Monday, June 26th. Citigroup Inc. cut their price objective on PBF Energy from $37.50 to $33.50 and set a “buy” rating on the stock in a research note on Monday, July 17th. Cowen and Company reissued a “buy” rating and issued a $30.00 price target on shares of PBF Energy in a research note on Thursday, August 17th. Zacks Investment Research raised PBF Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Finally, US Capital Advisors reissued a “hold” rating on shares of PBF Energy in a research note on Monday, May 22nd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $24.00.
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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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