FY2026 Earnings Forecast for PBF Energy Issued By Scotiabank

PBF Energy Inc. (NYSE:PBF) – Equities researchers at Scotiabank lowered their FY2026 earnings estimates for shares of PBF Energy in a report issued on Thursday, February 19th. Scotiabank analyst P. Cheng now anticipates that the oil and gas company will post earnings of ($2.60) per share for the year, down from their previous forecast of ($2.30). The consensus estimate for PBF Energy’s current full-year earnings is ($1.12) per share. Scotiabank also issued estimates for PBF Energy’s FY2027 earnings at $0.40 EPS.

Several other brokerages have also recently issued reports on PBF. UBS Group upped their price objective on PBF Energy from $37.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Wolfe Research downgraded shares of PBF Energy from a “peer perform” rating to an “underperform” rating and set a $23.00 price target on the stock. in a research note on Monday, December 8th. BMO Capital Markets reiterated a “market perform” rating and set a $34.00 price objective on shares of PBF Energy in a research report on Monday, January 5th. Piper Sandler lifted their price objective on shares of PBF Energy from $41.00 to $42.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Finally, Tudor Pickering upgraded shares of PBF Energy from a “strong sell” rating to a “hold” rating in a research report on Friday, February 13th. Two investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $30.21.

PBF Energy Price Performance

Shares of PBF Energy stock opened at $35.07 on Monday. The firm has a market cap of $4.10 billion, a PE ratio of -23.85, a PEG ratio of 4.60 and a beta of 0.50. The stock has a 50 day moving average of $31.29 and a 200 day moving average of $30.99. The company has a current ratio of 1.21, a quick ratio of 0.51 and a debt-to-equity ratio of 0.40. PBF Energy has a 12 month low of $13.61 and a 12 month high of $41.47.

PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Thursday, February 12th. The oil and gas company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.64. PBF Energy had a negative return on equity of 8.86% and a negative net margin of 0.54%.The firm had revenue of $7.14 billion during the quarter, compared to analyst estimates of $7.17 billion. During the same quarter last year, the business posted ($2.82) earnings per share. The business’s quarterly revenue was down 2.9% compared to the same quarter last year.

PBF Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.1%. PBF Energy’s dividend payout ratio is presently -74.83%.

Insider Buying and Selling

In other news, insider Control Empresarial De Capital sold 480,000 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $35.07, for a total value of $16,833,600.00. Following the completion of the sale, the insider owned 29,583,498 shares in the company, valued at approximately $1,037,493,274.86. The trade was a 1.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 2,385,879 shares of company stock worth $82,719,180. Company insiders own 6.70% of the company’s stock.

Hedge Funds Weigh In On PBF Energy

Hedge funds and other institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. raised its stake in PBF Energy by 127.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 6,327,255 shares of the oil and gas company’s stock worth $171,595,000 after buying an additional 3,550,820 shares in the last quarter. State Street Corp raised its position in shares of PBF Energy by 1.3% in the 4th quarter. State Street Corp now owns 4,854,750 shares of the oil and gas company’s stock worth $131,661,000 after acquiring an additional 60,294 shares in the last quarter. Invesco Ltd. raised its position in shares of PBF Energy by 147.4% in the 3rd quarter. Invesco Ltd. now owns 2,772,258 shares of the oil and gas company’s stock worth $83,639,000 after acquiring an additional 1,651,516 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of PBF Energy by 20.1% during the 3rd quarter. AQR Capital Management LLC now owns 2,503,283 shares of the oil and gas company’s stock worth $75,524,000 after purchasing an additional 418,223 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in PBF Energy by 16.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,400,702 shares of the oil and gas company’s stock valued at $65,108,000 after purchasing an additional 331,404 shares in the last quarter. 96.29% of the stock is currently owned by institutional investors.

PBF Energy Company Profile

PBF Energy, Inc is an independent petroleum refiner organized in 2008 and headquartered in Parsippany, New Jersey. The company began trading on the New York Stock Exchange in July 2012 under the ticker symbol PBF. Since its formation, PBF Energy has grown through acquisitions and operational optimization, positioning itself as a leading supplier of refined petroleum products in the United States.

The company owns and operates five refineries located along the U.S. Gulf Coast, East Coast and in the Pacific Northwest, with a combined crude oil processing capacity of approximately 900,000 barrels per day.