TD Cowen has recently reiterated PBF Energy Inc (PBF) stock to Hold rating, as announced on November 1, 2024, according to Finviz. Earlier, on October 17, 2024, BofA Securities had resumed the stock to Underperform, setting a price target of $25. BMO Capital Markets also reduced Market Perform rating with a price target of $35. Additionally, JP Morgan reduced Neutral rating on October 2, 2024, with a target price of $40. Piper Sandler analysts, in their report published on September 20, 2024, also reduced Underweight rating and set a price target of $25 for PBF Energy Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Sponsored
PBF Energy Inc (PBF) Stock Trading Recap
On Monday, PBF Energy Inc (PBF) stock saw a decline, ending the day at $30.82 which represents a decrease of $-0.10 or -0.32% from the prior close of $30.92. The stock opened at $30.97 and touched a low of $29.95 during the day, reaching a high of $31. The volume of shares traded was 2.22 million falling short of the average volume of 2.42 million.
PBF Stock Performance and Moving Averages
In recent trading, PBF Energy Inc (PBF) stock price has shown some volatility, fluctuating 8.71% over the last five trades and -7.00% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -35.74%, and it has plunged by -15.38% in the previous three months. Currently, PBF is trading at -0.55%, -2.96%, and -29.22% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, PBF, a Energy sector stock, is trading -50.99% below its 52-week high but remains 10.31% above its 52-week low. The Average True Range (ATR) (14 days) of 1.27 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
PBF Energy Inc’s Profitability and Valuation Ratios
PBF Energy Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of -0.95% and a profit margin of -0.84%, with a gross margin of -35.74%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, PBF Energy Inc’s market capitalization stands at $3.59 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 107.44. Additionally, the Price-to-Sales Ratio is 0.1, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 0.6, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 24.07% of PBF Energy Inc (PBF)’s shares, while financial institutions hold 79.59%.
Notable insider trades include Davis Paul T, Senior Vice President at PBF Energy Inc (PBF), who sold 100000 shares on Mar 25 ’24, at $56.37 each, totaling $5.64 million. On Mar 25 ’24, O Connor Thomas L, Senior Vice President, sold 10000 shares for $57.15 each, amounting to $0.57 million. Additionally, on Mar 19 ’24, O Connor Thomas L sold 40000 shares at $55.87 each, generating $2.23 million.
