PBF Energy Inc. (NYSE:PBF) Relative Strength Index (RSI) is 56.49, with weekly volatility at 7.59% and ATR at 0.64. The PBF stock’s 52-week price range has touched low of $4.06 and a $33.99 high. Intraday shares traded counted 5.15 million, which was 14.02% higher than its 30-day average trading volume of 5.99M. Its shares traded lower over the last trading session, losing -1.53% on 12/08/20. The shares fell to a low of $7.56 before closing at $7.72. PBF’s previous close was $7.84 while the outstanding shares total 119.68M. The firm has a beta of 2.99.
Investors have identified the Oil & Gas Refining & Marketing company PBF Energy Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $867.11 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
PBF Energy Inc. (PBF) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 3.31 billion total, with 1.96 billion as their total liabilities.
PBF were able to record -950.6 million as free cash flow during the Q3 2020 quarter of the year, this saw their quarterly net cash flow reduce by 467.7 million. In cash movements, the company had a total of -792.6 million as operating cash flow.
Potential earnings growth for PBF Energy Inc. (PBF)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the Q3 2020 quarter of the year, PBF Energy Inc. recorded a total of 3.67 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -75.34% coming in sequential stages and their sales for the Q3 2020 quarter increasing by 31.4%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 4.01 billion trying to sell their products during the last quarter, with the result yielding a gross income of -342.7 million. This allows shareholders to hold on to 119.68M with the recently reported earning now reading -3.49 cents per share. This is a figure that compared to analyst’s prediction for their Q3 2020 (-2.87 cents a share).
Having a look at the company’s valuation, the company is expected to record -4.65 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on PBF sounds very interesting.
Is the stock of PBF attractive?
In related news, Chief Financial Officer, SVP, Young C Erik bought 6,893 shares of the company’s stock in a transaction that recorded on Sep 30. The purchase was performed at an average price of 5.69, for a total value of 39,222. As the purchase deal closes, the Chief Financial Officer, SVP, Young C Erik now bought 15,000 shares of the company’s stock, valued at 89,250. Also, Senior Vice President, O Connor Thomas L bought 25,000 shares of the company’s stock in a deal that was recorded on Sep 30. The shares were cost at an average price of 5.86 per share, with a total market value of 146,388. Following this completion of disposal, the Chief Executive Officer, Nimbley Thomas J. now holds 50,000 shares of the company’s stock, valued at 296,195. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.90%.
1 out of 17 analysts covering the stock have rated it a Buy, while 10 have maintained a Hold recommendation on PBF Energy Inc.. 6 analysts has assigned a Sell rating on the PBF stock. The 12-month mean consensus price target for the company’s shares has been set at $6.50.