Taking a Fresh Look at PBF Energy Inc. (PBF)

PBF Energy Inc. (PBF) is an interesting player in the Basic Materials space, with a focus on Oil & Gas Refining & Marketing. The stock has been active on the tape, currently trading at $41.73, down from yesterday’s close by -3.02%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

PBF Energy Inc. (PBF) currently trades with a market capitalization of $4.79 Billion. That value represents a market adjusting for revenues that have been growing by 22.05 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $475.56 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $1.46 on a per share basis this quarter. Perhaps, that suggests something about why 1.07% of the outstanding share supply is held by institutional investors.

Technical Analysis

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, PBF Energy Inc. recorded a 52-week high of $50.99. It is now trading 9.26% off that level. The stock is trading $43.43 its 50-day moving average by 1.7%. The stock carved out a 52-week low down at $19.46.

In recent action, PBF Energy Inc. (PBF) has made a move of -12.42% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 12.54, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 5.97% with $101.50 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of PBF.

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