The consensus among analysts is that PBF Energy Inc (PBF) is a Hold stock at the moment, with a recommendation rating of 3.2. 6 analysts rate the stock as a Sell, while 1 rate it as Overweight. 7 out of 17 have rated it as a Hold, with 3 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$1.99.
PBF Energy Inc (NYSE:PBF) trade information
Sporting 0.42% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jun 23 when the PBF stock price touched $13.06- or saw a rise of 26.44%. Year-to-date, PBF Energy Inc shares have moved -69.37%, while the 5-day performance has seen it change -24.15%. Over the past 30 days, the shares of PBF Energy Inc (NYSE:PBF) have changed -9.51%. Short interest in the company has seen 13.31 Million shares shorted with days to cover at 2.68.
PBF Energy Inc (PBF) estimates and forecasts
Figures show that PBF Energy Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -69.07% over the past 6 months, with this year growth rate of -671.11%, compared to -17.1% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -339.8% and -272.7% for the next quarter. Revenue growth from the last financial year stood is estimated to be -26.5%.
3 analysts offering their estimates for the company have set an average revenue estimate of $3.44 Billion for the current quarter. 3 have an estimated revenue figure of $4.36 Billion for the next quarter concluding in September 01, 2020. Year-ago sales stood $6.56 Billion and $6.43 Billion respectively for this quarter and the next, and analysts expect sales will grow by -47.5% for the current quarter and -32.2% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +48% over the past 5 years. Earnings growth for 2020 is a modest +143.7% while over the next 5 years, the company’s earnings are expected to increase by 10.27%.
PBF Energy Inc (NYSE:PBF)’s Major holders
Insiders own 19.41% of the company shares, while shares held by institutions stand at 82.08% with a share float percentage of 101.85%. Investors are also buoyed by the number of investors in a company, with PBF Energy Inc having a total of 402 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 10.45 Million shares worth more than $74.01 Million. As of March 30, 2020, Vanguard Group, Inc. (The) held 8.71% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 9.46 Million shares as of March 30, 2020. The firm’s total holdings are worth over $66.99 Million and represent 7.89% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF. As of March 30, 2020, the former fund manager holds about 2.47% shares in the company for having 2962135 shares of worth $20.97 Million while later fund manager owns 2.84 Million shares of worth $20.08 Million as of March 30, 2020, which makes it owner of about 2.36% of company’s outstanding stock.