PBF Energy (PBF) Projected to Post Earnings on Thursday

PBF Energy (NYSE:PBF) will likely be announcing its Q1 2025 earnings results before the market opens on Thursday, May 1st. Analysts expect the company to announce earnings of ($1.49) per share and revenue of $6.27 billion for the quarter.

PBF Energy (NYSE:PBF) last released its quarterly earnings data on Thursday, February 13th. The oil and gas company reported ($2.82) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.80) by ($1.02). The firm had revenue of $7.35 billion during the quarter, compared to analysts’ expectations of $7.25 billion. PBF Energy had a negative net margin of 1.61% and a negative return on equity of 7.40%. On average, analysts expect PBF Energy to post $-1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

PBF Energy Trading Up 1.5 %

Shares of PBF Energy stock opened at $15.92 on Thursday. The firm has a 50-day simple moving average of $19.13 and a two-hundred day simple moving average of $26.04. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.54 and a current ratio of 1.25. PBF Energy has a fifty-two week low of $13.62 and a fifty-two week high of $58.17. The company has a market cap of $1.84 billion, a P/E ratio of -3.38 and a beta of 1.15.

PBF Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, February 27th were issued a $0.275 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.10 dividend on an annualized basis and a yield of 6.91%. PBF Energy’s payout ratio is -23.35%.

Insider Activity

In other PBF Energy news, insider Control Empresarial De Capital purchased 46,000 shares of the stock in a transaction dated Thursday, January 30th. The stock was acquired at an average cost of $29.70 per share, for a total transaction of $1,366,200.00. Following the acquisition, the insider now owns 29,190,998 shares in the company, valued at $866,972,640.60. This trade represents a 0.16 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders bought a total of 627,000 shares of company stock valued at $14,602,580 in the last 90 days. Company insiders own 6.70% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Wells Fargo & Company cut their price objective on PBF Energy from $25.00 to $22.00 and set an “equal weight” rating for the company in a research report on Thursday, March 13th. Scotiabank cut their price target on shares of PBF Energy from $25.00 to $16.00 and set a “sector perform” rating for the company in a report on Friday, April 11th. TD Cowen reduced their price objective on shares of PBF Energy from $19.00 to $17.00 and set a “sell” rating for the company in a research report on Tuesday, March 11th. The Goldman Sachs Group dropped their target price on shares of PBF Energy from $28.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, March 27th. Finally, Piper Sandler reduced their price target on shares of PBF Energy from $24.00 to $23.00 and set an “underweight” rating for the company in a research report on Friday, March 7th. Seven equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to data from MarketBeat, PBF Energy currently has an average rating of “Hold” and a consensus target price of $24.18.

About PBF Energy

PBF Energy Inc, through its subsidiaries, engages in refining and supplying petroleum products. The company operates in two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products from crude oil.