Press coverage about PBF Energy (NYSE:PBF) has trended positive this week, Alpha One reports. The research group, a division of Accern, ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. PBF Energy earned a news impact score of 0.31 on Alpha One’s scale. Alpha One also assigned news stories about the oil and gas company an impact score of 93 out of 100, indicating that recent media coverage is extremely likely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have effected Alpha One Sentiment Analysis’s analysis:
- Dakota Access Pipeline shifts Bakken crude from East Coast to Gulf Coast refineries (theamericanenergynews.com)
- PBF Logistics acquires terminal from Sunoco Logistics (njbiz.com)
- PBF Energy (PBF) Earning Positive Press Coverage, Analysis Shows (americanbankingnews.com)
- East Coast refiner shuns Bakken delivery as Dakota Access Pipeline starts (foxbusiness.com)
- Inside Marathon Petroleum’s Implied Volatility: What’s Shaking before the 1Q17 Results (finance.yahoo.com)
Shares of PBF Energy (NYSE:PBF) opened at 20.61 on Friday. PBF Energy has a 12-month low of $19.47 and a 12-month high of $35.67. The company’s 50-day moving average price is $21.55 and its 200 day moving average price is $23.64. The firm has a market capitalization of $2.25 billion, a PE ratio of 11.87 and a beta of 1.39.
PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, February 16th. The oil and gas company reported ($0.71) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by $0.49. The business earned $4.75 billion during the quarter, compared to analysts’ expectations of $4.16 billion. PBF Energy had a positive return on equity of 0.11% and a negative net margin of 0.02%. The business’s quarterly revenue was up 41.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.70 earnings per share. On average, equities analysts forecast that PBF Energy will post $1.08 earnings per share for the current year.
A number of research analysts recently issued reports on PBF shares. Tudor Pickering downgraded PBF Energy from a “buy” rating to a “hold” rating in a report on Thursday, January 5th. Zacks Investment Research downgraded PBF Energy from a “hold” rating to a “sell” rating in a report on Wednesday, February 8th. Scotiabank set a $25.00 price objective on PBF Energy and gave the stock a “buy” rating in a report on Thursday, February 16th. Morgan Stanley cut PBF Energy from an “overweight” rating to an “equal weight” rating in a research report on Monday, February 27th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $24.00 price target on shares of PBF Energy in a research report on Monday, March 20th. Nine analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $22.67.
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About PBF Energy
PBF Energy Inc (PBF Energy) is a holding company. The Company is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. The Company operates through two segments: Refining and Logistics.
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