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Why PBF Energy (PBF) Could Be Positioned for a Surge
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PBF Energy Inc. (PBF - Free Report) is engaged in the refining and supply of petroleum products and could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on PBF’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that PBF Energy could be a solid choice for investors.
Current Quarter Estimates for PBF
In the past 30 days, 1 estimate has gone higher for PBF Energy while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 19 cents a share 30 days ago, to a loss of 12 cents today, a move of 36.8%.
Current Year Estimates for PBF
Meanwhile, PBF Energy’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to 1 lower. The consensus estimate trend has however seen a boost for this time frame also, narrowing from a loss of 86 cents per share 30 days ago to a loss of 80 cents per share today, an increase of 7%.
The stock has also started to move higher lately, adding 8.3% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Today, you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>
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Why PBF Energy (PBF) Could Be Positioned for a Surge
PBF Energy Inc. (PBF - Free Report) is engaged in the refining and supply of petroleum products and could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on PBF’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that PBF Energy could be a solid choice for investors.
Current Quarter Estimates for PBF
In the past 30 days, 1 estimate has gone higher for PBF Energy while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 19 cents a share 30 days ago, to a loss of 12 cents today, a move of 36.8%.
Current Year Estimates for PBF
Meanwhile, PBF Energy’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to 1 lower. The consensus estimate trend has however seen a boost for this time frame also, narrowing from a loss of 86 cents per share 30 days ago to a loss of 80 cents per share today, an increase of 7%.
PBF ENERGY INC Price and Consensus
PBF ENERGY INC Price and Consensus | PBF ENERGY INC Quote
Bottom Line
The stock has also started to move higher lately, adding 8.3% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Best Place to Start Your Stock Search
Today, you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>