PBF Energy (PBF) Earning Somewhat Positive Press Coverage, Report Finds
Headlines about PBF Energy (NYSE:PBF) have been trending somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PBF Energy earned a news sentiment score of 0.24 on Accern’s scale. Accern also gave headlines about the oil and gas company an impact score of 45.763140162015 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern’s analysis:
- Earnings Analysis Of PBF Energy Inc. (PBF) (iphonefresh.com)
- PBF Energy Inc. (PBF) Upgraded at ValuEngine (americanbankingnews.com)
- PBF Energy Inc. (PBF) Upgraded to Hold by Tudor Pickering (americanbankingnews.com)
- Putting PBF Energy Inc (PBF) Under the Microscope: Technicals Watch – FLBC News (flbcnews.com)
- PBF Energy Inc. (PBF) vs. Phillips 66 (PSX): Is One a Better Investment Than the Other? – Economic News (economicsandmoney.com)
Shares of PBF Energy (NYSE:PBF) opened at 24.79 on Tuesday. The stock’s 50 day moving average price is $22.01 and its 200-day moving average price is $21.93. The firm’s market capitalization is $2.72 billion. PBF Energy has a 12-month low of $18.48 and a 12-month high of $30.98.
PBF Energy (NYSE:PBF) last posted its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by $0.09. PBF Energy had a negative return on equity of 4.98% and a negative net margin of 0.23%. The firm had revenue of $5.02 billion during the quarter, compared to analyst estimates of $4.76 billion. During the same period in the prior year, the business posted $0.14 EPS. On average, equities analysts expect that PBF Energy will post $0.37 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Tuesday, August 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date of this dividend was Friday, August 11th. PBF Energy’s dividend payout ratio is -363.64%.
A number of equities research analysts recently issued reports on the company. ValuEngine raised PBF Energy from a “sell” rating to a “hold” rating in a research note on Friday. Tudor Pickering raised PBF Energy from a “sell” rating to a “hold” rating in a research note on Friday. Cowen and Company reaffirmed a “buy” rating and issued a $30.00 target price on shares of PBF Energy in a research note on Thursday, August 17th. BidaskClub lowered PBF Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Finally, Citigroup Inc. reduced their price target on PBF Energy from $33.50 to $33.00 and set a “buy” rating on the stock in a research note on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently 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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