Equities analysts forecast that PBF Energy Inc (NYSE:PBF) will report earnings per share of ($1.62) for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for PBF Energy’s earnings, with estimates ranging from ($3.22) to $1.91. PBF Energy reported earnings per share of $0.83 during the same quarter last year, which suggests a negative year-over-year growth rate of 295.2%. The business is expected to issue its next quarterly earnings results on Friday, May 15th.

On average, analysts expect that PBF Energy will report full year earnings of ($4.94) per share for the current financial year, with EPS estimates ranging from ($8.37) to ($1.56). For the next year, analysts expect that the company will post earnings of $0.10 per share, with EPS estimates ranging from ($5.10) to $3.30. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for PBF Energy.

PBF Energy (NYSE:PBF) last announced its earnings results on Friday, May 15th. The oil and gas company reported ($1.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.09) by ($0.10). The company had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $4.67 billion. PBF Energy had a return on equity of 3.17% and a net margin of 1.30%.

PBF has been the subject of a number of recent analyst reports. Cowen cut PBF Energy from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $30.00 to $8.00 in a research report on Friday, March 27th. TheStreet lowered PBF Energy from a “b-” rating to a “c+” rating in a report on Friday, March 6th. Tudor Pickering lowered PBF Energy from a “buy” rating to a “sell” rating in a report on Thursday, March 19th. Citigroup lowered PBF Energy from a “neutral” rating to a “sell” rating and cut their price target for the stock from $23.00 to $4.00 in a report on Friday, April 24th. Finally, ValuEngine upgraded PBF Energy from a “hold” rating to a “buy” rating in a report on Thursday. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $19.46.

Shares of PBF Energy stock opened at $9.09 on Thursday. The stock has a market capitalization of $1.27 billion, a P/E ratio of 3.46 and a beta of 2.74. The company has a quick ratio of 0.68, a current ratio of 1.52 and a debt-to-equity ratio of 0.64. The stock has a 50 day moving average price of $8.03 and a two-hundred day moving average price of $22.84. PBF Energy has a 12-month low of $5.19 and a 12-month high of $34.91.

In related news, insider Carso S.A. De C.V. Inversora purchased 30,621 shares of the stock in a transaction on Tuesday, March 10th. The shares were purchased at an average cost of $14.78 per share, for a total transaction of $452,578.38. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders acquired 1,260,621 shares of company stock worth $10,664,178 over the last quarter. Company insiders own 4.30% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC grew its holdings in shares of PBF Energy by 3,200.2% during the first quarter. AQR Capital Management LLC now owns 1,539,850 shares of the oil and gas company’s stock worth $10,902,000 after purchasing an additional 1,493,191 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of PBF Energy during the first quarter worth $3,388,000. Paloma Partners Management Co grew its holdings in shares of PBF Energy by 27.2% during the first quarter. Paloma Partners Management Co now owns 61,039 shares of the oil and gas company’s stock worth $433,000 after purchasing an additional 13,055 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of PBF Energy by 240.3% during the first quarter. Jane Street Group LLC now owns 67,030 shares of the oil and gas company’s stock worth $474,000 after purchasing an additional 47,330 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of PBF Energy by 932.2% during the first quarter. Tower Research Capital LLC TRC now owns 19,487 shares of the oil and gas company’s stock worth $138,000 after purchasing an additional 17,599 shares during the last quarter. Institutional investors own 81.16% of the company’s stock.

About PBF Energy

PBF Energy, Inc engages in the operation of a petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. It operates through the Refining and Logistics segments. The Refining segment refines crude oil and other feedstocks into petroleum products.

Featured Article: Fundamental Analysis and Choosing Stocks

Get a free copy of the Zacks research report on PBF Energy (PBF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for PBF Energy (NYSE:PBF)

Receive News & Ratings for PBF Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PBF Energy and related companies with MarketBeat.com's FREE daily email newsletter.