PBF Energy (PBF) Earning Somewhat Positive News Coverage, Report Shows

Media coverage about PBF Energy (NYSE:PBF) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. PBF Energy earned a news impact score of 0.17 on Accern’s scale. Accern also gave news headlines about the oil and gas company an impact score of 46.153025356814 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the headlines that may have impacted Accern’s analysis:

Shares of PBF Energy (PBF) opened at 26.24 on Friday. The stock’s market capitalization is $2.88 billion. The stock has a 50 day moving average of $22.92 and a 200-day moving average of $21.98. PBF Energy has a 52-week low of $18.48 and a 52-week high of $30.98.

PBF Energy (NYSE:PBF) last announced its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.09). The firm had revenue of $5.02 billion for the quarter, compared to analysts’ expectations of $4.76 billion. PBF Energy had a negative net margin of 0.23% and a negative return on equity of 4.98%. During the same quarter in the prior year, the business posted $0.14 EPS. Analysts predict that PBF Energy will post $0.76 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, August 11th. This represents a $1.20 annualized dividend and a dividend yield of 4.57%. PBF Energy’s dividend payout ratio is currently -363.64%.

PBF has been the topic of several analyst reports. Zacks Investment Research raised shares of PBF Energy from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. Scotiabank set a $24.00 price objective on shares of PBF Energy and gave the company a “buy” rating in a research report on Thursday, August 3rd. Royal Bank Of Canada reissued a “hold” rating and set a $22.00 price objective on shares of PBF Energy in a research report on Thursday, June 1st. Piper Jaffray Companies reissued a “hold” rating and set a $20.00 price objective on shares of PBF Energy in a research report on Friday, July 14th. Finally, BidaskClub downgraded shares of PBF Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $23.67.

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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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