Home Sectors Energy Recent Trend: PBF Energy (NYSE: PBF)

Recent Trend: PBF Energy (NYSE: PBF)

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PBF Energy trades as part of the oil and gas refining and marketing industry and trades as part of the energy sector. The company CEO is Thomas J. Nimbley. PBF Energy Inc is engaged in the oil and gas sector. It is a petroleum refiner and supplier of unbranded transportation fuels.

Previous Intraday Trading Performance:

The PBF stock showed a previous change of 2.75% with an open at 25.58 and a close of 26.20. It reached an intraday high of 26.77 and a low of 25.58.

SeekingAlpha:  PBF Energy to create West Coast system with deal for Shell Martinez refinery

Liquidity:

The stock has a market cap of $3.1b with 119.9m shares outstanding, of which the float is 118.7m shares. Trading volume reached 1,867,902 shares compared to its average volume of 2,102,966 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, PBF Energy shares returned 1.71% and in the past 30 trading days it returned -21.14%. Over three months, it changed -12.55%. In one year it has changed -44.00% and within that year its 52-week high was 53.91 and its 52-week low was 23.85. PBF stock is 9.88% above its 52 Week Low.

Our calculations show a 200 day moving average of 36.66 and a 50 day moving average of 30.46. Currently PBF stock is trading -28.53% below its 200 day moving average and may not be a good opportunity to buy as it may continue to trend down.

PR Newswire:  PBF Energy Creates West Coast System with Purchase of Shell Martinez Refinery

Earnings:

The last annual fiscal EPS for the company was reported at 1.08 that ended on 31st of December 2018, which according to the previous close, that is a PE of 24.26. Based on 15 analyst estimates, the consensus EPS for the next quarter is -0.31. The TTM EPS is 3.25, which comes to a TTM PE of 8.06.

Below was the last reported quarterly diluted earnings per share:

1stQtr of 2019 (Reported on 05/01/2019): 1.89
4thQtr of 2018 (Reported on 02/14/2019): -2.97
3rdQtr of 2018 (Reported on 10/31/2018): 1.50
2ndQtr of 2018 (Reported on 08/02/2018): 2.37
1stQtr of 2018 (Reported on 05/03/2018): 0.27

The dividend per share is currently 1.20, which is a dividend yield of 4.58%. Also, the payout ratio is 36.92%, therefore the dividend is safe according to our calculations. PBF stock has a high dividend yield, but because the company has sufficient earnings to cover future dividends, it may be a good investment opportunity for an income portfolio.

Base on our calculations, the intrinsic value per share is 51.92, which means it is possibly undervalued and has a margin of safety of 49.54%.

Indicators to Watch:

Short-interest was 4,855,977, which was 4.05% of shares outstanding. The short-interest ratio or days-to-cover ratio was 2.61. This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 1.50.

SeekingAlpha:  Here’s Why Oil Stocks Are Priced For Armageddon

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 12.30%, return on assets is 3.75%, profit margin is 1.41%, price-to-sales is 0.11 and price-to-book is 1.03.

Company Scores:

All scores are out of six:
 4  :Valuation Score
 1  :Past Performance Score
 4  :Financial Strength Score
 1  :Future Growth Score
 4  :Dividend Score
 2  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.