PBF Energy Inc. Class A Common (NYSE:PBF):
PBF Energy Reports Third Quarter 2016 Results, Declares Dividend of $0.30 Per Share.
The company is now up from yesterday’s close of $20.94.
Additionally PBF Energy Inc. Class A Common recently announced a dividend for shareholders paid on Tuesday August 23rd, 2016. The dividend payment was $0.300 per share for the quarter which is $1.20 annualized. The dividend yield was $5.52. The ex-dividend date was Friday the 5th of August 2016.
Shares of the company are trading at $21.47 slightly below $21.80, the 50 day moving average and which is marginally lower than the 200 day moving average of $24.63. The 50 day moving average moved down $-0.33 whereas the 200 day moving average was down $-3.16 or -12.84%.
As of the last earnings report the EPS was $-0.03 and is expected to be $-0.60 for the current year with 97,825,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $-0.08 and the next full year EPS is anticipated to be $2.34.
Ratings firms have issued ratings on the stock. On October 11 the company was downgraded from “Outperform” to “Neutral” by Credit Suisse. On October 10 the company was set at “Underweight” in a report from Barclays down from the previous “Equal-weight” rating.
On October 10 the stock rating was downgraded to “Underweight” from “” in a report from . On September 15 Deutsche Bank made no change to the stock rating of “Hold” and lowered the price target to $27.00 from $44.00.
Equity analyst Goldman Sachs lowered the price target and downgraded the stock on September 9 changing the price objective from $26.00 to $19.00 and setting the rating at “Sell” which had previously been “Neutral”. On September 9 the company was downgraded from “Neutral” to “Sell” with a current price target of $19.00 in a report issued by Goldman Sachs.