Will PBF Energy Inc (PBF) benefit from Wall Street bulls Calls?

PBF Energy Inc (NYSE: PBF) is 11.03% higher on its value in year-to-date trading and has touched a low of $31.25 and a high of $56.38 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PBF stock was last observed hovering at around $45.20 in the last trading session, with the day’s gains setting it 0.08% off its average median price target of $52.00 for the next 12 months. It is also 32.42% off the consensus price target high of $67.00 offered by 14 analysts, but current levels are -13.2% lower than the price target low of $40.00 for the same period.

Currently trading at $45.28, the stock is 4.12% and 0.33% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.35 million and changing 0.18% at the moment leaves the stock 3.97% off its SMA200. PBF registered 12.95% gain for a year compared to 6-month gain of 13.54%. The firm has a 50-day simple moving average (SMA 50) of $0.14 and a 200-day simple moving average (SMA200) of $1.26.

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The stock witnessed a 0.42% loss in the last 1 month and extending the period to 3 months gives it a -16.29%, and is 5.82% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.07% over the week and 3.29% over the month.

PBF Energy Inc (PBF) has around 3616 employees, a market worth around $5.53B and $40.03B in sales. Current P/E ratio is 2.09 and Fwd P/E is 6.45. Profit margin for the company is 7.06%. Distance from 52-week low is 44.87% and -19.69% from its 52-week high. The company has generated returns on investments over the last 12 months (32.72%).

PBF Energy Inc (PBF) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for PBF Energy Inc (PBF) is a “Overweight”. 14 analysts offering their recommendations for the stock have an average rating of 2.29, where 9 rate it as a Hold and 0 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

PBF Energy Inc is expected to release its quarterly report on 02/15/2024.The EPS is expected to shrink by -45.50% this year.

PBF Energy Inc (PBF) Top Institutional Holders

The shares outstanding are 129.64M, and float is at 107.62M with Short Float at 9.06%.

PBF Energy Inc (PBF) Insider Activity

A total of 31 insider transactions have happened at PBF Energy Inc (PBF) in the last six months, with sales accounting for 14 and purchases happening 17 times. The most recent transaction is an insider sale by Canty Trecia M,the company’sSVP and General Counsel. SEC filings show that Canty Trecia M sold 10,000 shares of the company’s common stock on Dec 19 at a price of $46.69 per share for a total of $0.47 million. Following the sale, the insider now owns 89587.0 shares.

PBF Energy Inc disclosed in a document filed with the SEC on Sep 28 that Fedena James E. (Senior Vice President) sold a total of 63,688 shares of the company’s common stock. The trade occurred on Sep 28 and was made at $55.09 per share for $3.51 million. Following the transaction, the insider now directly holds 80859.0 shares of the PBF stock.

Still, SEC filings show that on Sep 28, O Connor Thomas L (Senior Vice President) disposed off 50,000 shares at an average price of $55.17 for $2.76 million. The insider now directly holds 117,503 shares of PBF Energy Inc (PBF).

PBF Energy Inc (PBF): Who are the competitors?

The company’s main competitors (and peers) include Valero Energy Corp. (VLO) that is trading 6.30% up over the past 12 months. HF Sinclair Corp. (DINO) that is 11.77% higher over the same period.