PBF has seen increased volume after this news and investors are putting their support behind the value proposition. That drop has capped off a tough year for shareholders, with the share price down 39% in that time.
PBF Energy’s P/E is 6.6 which is below average (16.6) in the US market. Sign-up for continuing coverage on shares of PBF stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick! Traders will also note the company’s earnings per share came in at -4.72. Find out when PBF reaches critical levels. Murphy USA is likely to see earnings growth of 93.7% in 2020.
PBF Energy Inc PBF also noted assets of $10.07 billion at the end of the last quarter. Data source: PBF Energy. Unfortunately for some shareholders, the PBF Energy (NYSE:PBF) share price has dived 34% in the last thirty days. The PBF Energy Inc (PBF) shares are trading at higher $9.21 and the avg recommendation for the stock is Hold. Moreover, for 2020, the consensus estimate for loss has been revised higher to $5.14 per share from $5.02. while the current analyst price target stands at $11.00. If the company can continue to grow earnings, then the current P/E may be unjustifiably low. MarketBrief: How to Maneuver More Volatility, U.S. Markets Will Need Some Stimulus: PineBridge's Nicola, #TradeTalks: How Liquidity has Shifted in 2020 #STAVirtualConference, Why Warren Buffett's Protege Just Bought This Dirt-Cheap Brick-and-Mortar Retailer, var dom1 = document.querySelector('#form1783 #field1');var field1 = new LiveValidation(dom1, {validMessage: "", onlyOnBlur: false, wait: 300});field1.add(Validate.Presence, {failureMessage:"This field is required"});field1.add(Validate.Format, {pattern: /^([^@\s]+)@((?:[-a-z0-9]+\. Inspyr Therapeutics Inc (OTCMKTS:NSPX) Extends Rally, Then Crashes. PBF Energy’s Balance Sheet . Don’t miss your chance to get in on these long-term buys. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. PBF Energy Inc PBF is now commanding a market cap of 1.06B and a float of 74.17M. The significant decline in fuel demand is hurting the bottom lines of refiners like PBF Energy since they produce refined petroleum products from raw crude oil. Is Now the Time to Invest in Palatin Technologies Inc. (AMEX:PTN)? Thank you for reading. Are Markets Underpricing Pandemic Impact? That’s because companies that grow earnings per share quickly will rapidly increase the ‘E’ in the equation. Given PBF Energy’s P/E ratio has declined from 10.1 to 6.6 in the last month, we know for sure that the market is more worried about the business today, than it was back then.
PBF Energy Inc also saw revenues increase to $2.52 billion. To add more color to this target, the company’s high over the last year is $34.91 and the low is $5.19. Over the last 52 weeks, PBF is down -73.62% while the S&P 500 is up 0.07%. Location*Please select…United StatesAfghanistanÅland IslandsAlbaniaAlgeriaAmerican SamoaAndorraAngolaAnguillaAntarcticaAntigua and BarbudaArgentinaArmeniaArubaAustraliaAustriaAzerbaijanBahamasBahrainBangladeshBarbadosBelarusBelgiumBelizeBeninBermudaBhutanBolivia, Plurinational State ofBonaire, Sint Eustatius and SabaBosnia and HerzegovinaBotswanaBouvet IslandBrazilBritish Indian Ocean TerritoryBrunei DarussalamBulgariaBurkina FasoBurundiCambodiaCameroonCanadaCape VerdeCayman IslandsCentral African RepublicChadChileChinaChristmas IslandCocos (Keeling) IslandsColombiaComorosCongoCongo, the Democratic Republic of theCook IslandsCosta RicaCôte d'IvoireCroatiaCubaCuraçaoCyprusCzech RepublicDenmarkDjiboutiDominicaDominican RepublicEcuadorEgyptEl SalvadorEquatorial GuineaEritreaEstoniaEthiopiaFalkland Islands (Malvinas)Faroe IslandsFijiFinlandFranceFrench GuianaFrench PolynesiaFrench Southern TerritoriesGabonGambiaGeorgiaGermanyGhanaGibraltarGreeceGreenlandGrenadaGuadeloupeGuamGuatemalaGuernseyGuineaGuinea-BissauGuyanaHaitiHeard Island and McDonald IslandsHoly See (Vatican City State)HondurasHong KongHungaryIcelandIndiaIndonesiaIran, Islamic Republic ofIraqIrelandIsle of ManIsraelItalyJamaicaJapanJerseyJordanKazakhstanKenyaKiribatiKorea, Democratic People's Republic ofKorea, Republic ofKuwaitKyrgyzstanLao People's Democratic RepublicLatviaLebanonLesothoLiberiaLibyan Arab JamahiriyaLiechtensteinLithuaniaLuxembourgMacaoMacedonia, the former Yugoslav Republic ofMadagascarMalawiMalaysiaMaldivesMaliMaltaMarshall IslandsMartiniqueMauritaniaMauritiusMayotteMexicoMicronesia, Federated States ofMoldova, Republic ofMonacoMongoliaMontenegroMontserratMoroccoMozambiqueMyanmarNamibiaNauruNepalNetherlandsNew CaledoniaNew ZealandNicaraguaNigerNigeriaNiueNorfolk IslandNorthern Mariana IslandsNorwayOmanPakistanPalauPalestinian Territory, OccupiedPanamaPapua New GuineaParaguayPeruPhilippinesPitcairnPolandPortugalPuerto RicoQatarReunionRomaniaRussian FederationRwandaSaint BarthélemySaint Helena, Ascension and Tristan da CunhaSaint Kitts and NevisSaint LuciaSaint Martin (French part)Saint Pierre and MiquelonSaint Vincent and the GrenadinesSamoaSan MarinoSao Tome and PrincipeSaudi ArabiaSenegalSerbiaSeychellesSierra LeoneSingaporeSint Maarten (Dutch part)SlovakiaSloveniaSolomon IslandsSomaliaSouth AfricaSouth Georgia and the South Sandwich IslandsSouth SudanSpainSri LankaSudanSurinameSvalbard and Jan MayenSwazilandSwedenSwitzerlandSyrian Arab RepublicTaiwanTajikistanTanzania, United Republic ofThailandTimor-LesteTogoTokelauTongaTrinidad and TobagoTunisiaTurkeyTurkmenistanTurks and Caicos IslandsTuvaluUgandaUkraineUnited Arab EmiratesUnited KingdomUnited States Minor Outlying IslandsUruguayUzbekistanVanuatuVenezuela, Bolivarian Republic ofViet NamVirgin Islands (British)Virgin Islands, U.S.Wallis and FutunaWestern SaharaYemenZambiaZimbabwe. Is Now the Time to Invest in LM Funding America Inc. (NASDAQ:LMFA)? On paper, this past quarter doesn't look so good compared to this time last year and the previous quarter, but … For those who prefer invest in growth, this stock apparently offers limited promise, but the deep value investors may find the pessimism around this stock enticing.
PBF is committed to the preservation of the environment, protection of heritage and cultural landmarks, safe work environments, employee safety and respect for local residents. So this free visualization of the analyst consensus on future earnings could help you make the right decision about whether to buy, sell, or hold. Then, a lower P/E should attract more buyers, pushing the share price up. Meanwhile, a couple of better-ranked players in the energy space are Viper Energy Partners LP VNOM and Murphy USA Inc. MUSA. Owing to this, people are traveling for emergency purposes only, denting demand for fuels like gasoline and jet fuels.
Armstrong Flooring Inc. (NYSE:AFI) Stock is Soaring, Here is Why, TripAdvisor Inc. (NASDAQ:TRIP) is Holding Steady, Investor Confidence is Falling for Takeda Pharmaceutical Company Limited (NYSE:TAK). And earnings per share have improved by 15% annually, over the last three years. Join our mailing list to receive the latest news and updates from our team. While the market sentiment towards a stock is very changeable, in the long run, the share price will tend to move in the same direction as earnings per share. This is a reasonably significant level of debt — all else being equal you’d expect a much lower P/E than if it had net cash. To add more color to this target, the company’s high over the last year is $34.91 and the low is $5.19. PBF is increasing its credibility in this sector and that could lead to more upside down the line. Whenever a pharmaceutical or biotech company makes a breakthrough with regards to cancer treatment, it's almost certain to have a positive effect... Palatin Technologies Inc. (PTN) shares are trading at lower $0.45 and the avg recommendation for the stock is Strong Buy. This is a reasonably significant level of debt — all else being equal you’d expect a much lower P/E than if it had net cash. Many investors like to buy stocks when the market is pessimistic about their prospects. Check out our latest analysis for PBF Energy. Is PBF Energy, Inc. a profitable investment? At its current valuation, PBF represents an interesting risk/reward case. The catalyst for this interesting swing was the company’s recent earnings report. PBF Energy Lowers Utilization Rates at Martinez Refinery, [UPDATED] Russian Man Turns Tables on Bank, Changes Fine Print in Credit Card Agreement, Then Sues, Now Settles, What Apple (AAPL) Investors Can Expect Following Tomorrow's Event, AMD in advanced talks to buy Xilinx in over $30 bln deal - WSJ. Thus, the recent report of further reduction of capacity utilization at its Martinez refinery reflects further demand disruption of fuel.
The company’s Martinez refinery has been kept idled since April. All rights reserved.
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Our research team consists of equity analysts with a public, market-beating track record. Notably, the pandemic has been hurting refining business for months, with no immediate respite in sight. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation.
Posted August 29th, 2020 by & filed under Uncategorized. Last year's 2019 Zacks Top 10 Stocks portfolio returned gains as high as +102.7%. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels. Simply Wall Street Pty Ltd
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