Somewhat Positive Press Coverage Somewhat Unlikely to Impact PBF Energy (PBF) Stock Price
News coverage about PBF Energy (NYSE:PBF) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. PBF Energy earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 46.4321646473718 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- PBF Energy, Inc. : PBF-US: Dividend Analysis : November 13th, 2017 (record date) : By the numbers : November 14, 2017 (finance.yahoo.com)
- Barclays PLC Upgrades PBF Energy Inc. (PBF) to “Overweight” (americanbankingnews.com)
- Coca-Cola, CVR Refining, PBF Energy – Times of India (timesofindia.indiatimes.com)
- PBF Energy Inc. (PBF) Raised to Buy at Zacks Investment Research (americanbankingnews.com)
- PBF Energy Inc. (NYSE: PBF) – Why Day Traders Usually Trade on In Play Stocks? – Alpha Beta Stock (alphabetastock.com)
Shares of PBF Energy (NYSE:PBF) traded down $0.07 during trading on Thursday, reaching $31.96. 2,161,900 shares of the company were exchanged, compared to its average volume of 2,439,610. The company has a market capitalization of $3,590.00, a P/E ratio of 68.15, a price-to-earnings-growth ratio of 2.01 and a beta of 1.41. PBF Energy has a 12 month low of $18.48 and a 12 month high of $32.65. The company has a current ratio of 1.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.81.
PBF Energy (NYSE:PBF) last released its quarterly earnings results on Thursday, November 2nd. The oil and gas company reported $1.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.22. PBF Energy had a net margin of 1.14% and a return on equity of 2.35%. The business had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same period last year, the firm earned ($0.16) earnings per share. The company’s quarterly revenue was up 21.4% on a year-over-year basis. equities research analysts predict that PBF Energy will post 1.59 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Monday, November 13th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $1.20 annualized dividend and a yield of 3.75%. PBF Energy’s payout ratio is presently 60.00%.
PBF has been the subject of several recent research reports. TheStreet raised shares of PBF Energy from a “c” rating to a “b” rating in a research note on Thursday, November 2nd. Cowen and Company reaffirmed a “buy” rating and set a $30.00 price objective on shares of PBF Energy in a research note on Thursday, August 17th. Zacks Investment Research upgraded shares of PBF Energy from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Thursday, October 5th. Scotiabank set a $24.00 price target on shares of PBF Energy and gave the company a “buy” rating in a research report on Thursday, August 3rd. Finally, Citigroup Inc. reduced their price target on shares of PBF Energy from $33.50 to $33.00 and set a “buy” rating on the stock in a research report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $28.00.
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PBF Energy Company Profile
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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