FY2026 Earnings Forecast for PBF Energy Issued By Scotiabank

PBF Energy Inc. (NYSE:PBF) – Equities researchers at Scotiabank reduced their FY2026 earnings per share estimates for shares of PBF Energy in a note issued to investors on Thursday, February 19th. Scotiabank analyst P. Cheng now anticipates that the oil and gas company will earn ($2.60) per share for the year, down from their prior forecast of ($2.30). The consensus estimate for PBF Energy’s current full-year earnings is ($1.12) per share. Scotiabank also issued estimates for PBF Energy’s FY2027 earnings at $0.40 EPS.

Other equities research analysts have also recently issued reports about the stock. Wolfe Research cut shares of PBF Energy from a “peer perform” rating to an “underperform” rating and set a $23.00 price objective on the stock. in a research note on Monday, December 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of PBF Energy in a report on Monday, December 29th. Tudor Pickering raised shares of PBF Energy from a “strong sell” rating to a “hold” rating in a research note on Friday, February 13th. UBS Group lifted their price objective on PBF Energy from $37.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Finally, Piper Sandler increased their target price on PBF Energy from $41.00 to $42.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Two investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, PBF Energy has an average rating of “Reduce” and an average target price of $30.21.

PBF Energy Trading Down 0.4%

Shares of PBF stock opened at $34.23 on Monday. The stock has a market cap of $4.00 billion, a P/E ratio of -23.28, a P/E/G ratio of 4.61 and a beta of 0.50. The company has a quick ratio of 0.51, a current ratio of 1.21 and a debt-to-equity ratio of 0.40. PBF Energy has a fifty-two week low of $13.61 and a fifty-two week high of $41.47. The business has a fifty day simple moving average of $31.12 and a 200-day simple moving average of $30.90.

PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Thursday, February 12th. The oil and gas company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.64. The firm had revenue of $7.14 billion during the quarter, compared to analysts’ expectations of $7.17 billion. PBF Energy had a negative return on equity of 8.86% and a negative net margin of 0.54%.PBF Energy’s revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($2.82) earnings per share.

PBF Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, February 25th. PBF Energy’s payout ratio is presently -74.83%.

Insiders Place Their Bets

In other PBF Energy news, insider Control Empresarial De Capital sold 480,000 shares of the stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $35.07, for a total transaction of $16,833,600.00. Following the transaction, the insider owned 29,583,498 shares of the company’s stock, valued at $1,037,493,274.86. This represents a 1.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In the last three months, insiders sold 2,385,879 shares of company stock valued at $82,719,180. Insiders own 6.70% of the company’s stock.

Hedge Funds Weigh In On PBF Energy

A number of large investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC grew its stake in shares of PBF Energy by 197.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 887 shares of the oil and gas company’s stock valued at $27,000 after buying an additional 589 shares during the period. Torren Management LLC acquired a new position in PBF Energy in the fourth quarter valued at $30,000. Deseret Mutual Benefit Administrators grew its position in PBF Energy by 62.3% during the third quarter. Deseret Mutual Benefit Administrators now owns 1,146 shares of the oil and gas company’s stock valued at $35,000 after acquiring an additional 440 shares during the period. Los Angeles Capital Management LLC acquired a new stake in PBF Energy during the fourth quarter worth about $31,000. Finally, Hantz Financial Services Inc. increased its stake in PBF Energy by 235.7% during the third quarter. Hantz Financial Services Inc. now owns 1,299 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 912 shares during the last quarter. Hedge funds and other institutional investors own 96.29% of the company’s stock.

About PBF Energy

PBF Energy, Inc is an independent petroleum refiner organized in 2008 and headquartered in Parsippany, New Jersey. The company began trading on the New York Stock Exchange in July 2012 under the ticker symbol PBF. Since its formation, PBF Energy has grown through acquisitions and operational optimization, positioning itself as a leading supplier of refined petroleum products in the United States.

The company owns and operates five refineries located along the U.S. Gulf Coast, East Coast and in the Pacific Northwest, with a combined crude oil processing capacity of approximately 900,000 barrels per day.