PBF Energy Inc (PBF) Releases Earnings Results, Misses Expectations By $-0.20 EPS

PBF Energy Inc (PBF) reported quarterly earnings results on Thursday, Apr-28-2016. The company reported $-0.65 earnings per share for the quarter, missing the analyst consensus estimate by $-0.20. Analysts had a consensus of $-0.45. The company posted revenue of $2800.20 million in the period, compared to analysts expectations of $2581.79 million. The company’s revenue was down -6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.87 EPS.

Many Wall Street Analysts have commented on PBF Energy Inc. RBC Capital Mkts Initiated PBF Energy Inc on Apr 12, 2016 to “Sector Perform”, Price Target of the shares are set at $33.PBF Energy Inc was Initiated by JP Morgan to “Overweight” on Apr 8, 2016. PBF Energy Inc was Upgraded by BofA/Merrill to ” Neutral” on Mar 3, 2016.

PBF Energy Inc opened for trading at $34.93 and hit $35.675 on the upside on Wednesday, eventually ending the session at $35.29, with a gain of 1.03% or 0.36 points. The heightened volatility saw the trading volume jump to 19,69,169 shares. Company has a market cap of $3,452 M.

PBF Energy Inc. (PBF) is a petroleum refiner and supplier of unbranded transportation fuels heating oil petrochemical feedstocks lubricants and other petroleum products. PBF owns and operates three domestic oil refineries and related assets with a combined processing capacity known as throughput of approximately 540000bpd and a weighted average Nelson Complexity Index of 11.3. PBF Energy’s three refineries are located in Toledo Ohio Delaware City Delaware and Paulsboro New Jersey. The Company operates in two business segments: Refining and Logistics. The Company’s three oil refineries are all engaged in the refining of crude oil and other feedstocks into petroleum products and are aggregated into the Refining segment. PBFX operates logistical assets such as crude oil and refined petroleum products terminals pipelines and storage facilities which are aggregated into the Logistics segment.

PBF Energy Inc

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