PBF Energy Inc. (NYSE:PBF) Relative Strength Index (RSI) is 56.37, with weekly volatility at 5.00% and ATR at 0.98. The PBF stock’s 52-week price range has touched low of $4.06 and a $18.78 high. Intraday shares traded counted 1.89 million, which was 45.08% higher than its 30-day average trading volume of 3.44M. Its shares traded higher over the last trading session, gaining 0.06% on 05/28/21. The shares fell to a low of $16.02 before closing at $16.14. PBF’s previous close was $16.13 while the outstanding shares total 119.93M. The firm has a beta of 3.01.
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 $1.94 billion, 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. For PBF, the company has in raw cash 1.54 billion on their books with 5.6 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 4.85 billion total, with 3.4 billion as their total liabilities.
PBF were able to record -51.1 million as free cash flow during the 08/05/2021 quarter of the year, this saw their quarterly net cash flow reduce by -68.3 million. In cash movements, the company had a total of -13.7 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 08/05/2021 quarter of the year, PBF Energy Inc. recorded a total of 4.92 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -7.16% coming in sequential stages and their sales for the 08/05/2021 quarter increasing by 25.78%.
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 4.87 billion trying to sell their products during the last quarter, with the result yielding a gross income of 57.7 million. This allows shareholders to hold on to 119.93M with the recently reported earning now reading -0.34 cents per share. This is a figure that compared to analyst’s prediction for their 08/05/2021 (-2.61 cents a share).
Having a look at the company’s valuation, the company is expected to record 0.22 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, Add’l Rep. Persons-see Ex.99-1, Control Empresarial de Capital sold 290,000 shares of the company’s stock in a transaction that recorded on Mar 04. The sale was performed at an average price of 16.84, for a total value of 4,882,353. As the sale deal closes, the Add’l Rep. Persons-see Ex.99-1, Control Empresarial de Capital now sold 7,000 shares of the company’s stock, valued at 117,186. Also, Principal Accounting Officer, Barone John C sold 1,986 shares of the company’s stock in a deal that was recorded on Mar 03. The shares were price at an average price of 16.56 per share, with a total market value of 32,888. Following this completion of acquisition, the Add’l Rep. Persons-see Ex.99-1, Control Empresarial de Capital now holds 40,000 shares of the company’s stock, valued at 274,696. In the last 6 months, insiders have changed their ownership in shares of company stock by 20.40%.
1 out of 15 analysts covering the stock have rated it a Buy, while 9 have maintained a Hold recommendation on PBF Energy Inc.. 4 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 $14.73.