PBF Energy Strengthens with 80+ RS Rating, Becoming a Top Stock Pick
July 22, 2023
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PBF ($NYSE:PBF) Energy is a leading independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feed stocks, lubricants, and other petroleum products in the United States. The company’s stock has recently been given a boost with its Relative Strength Rating increasing from 77 to 84, making it one of the top stocks to consider for investment. The Relative Strength Rating (RS Rating) is an important metric to take into account when deciding which stocks to buy. It measures the stock’s performance over the past year, and PBF Energy‘s recent climb to 84 places it in a strong position for investors looking for a reliable stock to purchase.
Overall, PBF Energy’s RS Rating of 84 puts it in a great position as a top stock pick. Its impressive Relative Strength Rating is a key metric to consider when researching stocks to buy, and its increase from 77 to 84 makes it an attractive option for investors.
Market Price
On Friday, the stock opened at $43.0 and closed at $43.5, a 1.8% increase from its previous closing price of 42.7. The rise in stock value is attributed to strong quarterly earnings and promising outlook for the future of the company. Analysts are expecting further increases in share price as PBF Energy continues to demonstrate strength and resilience in the Oil & Gas sector. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Pbf Energy. More…
| Total Revenues | Net Income | Net Margin |
| 46.98k | 3.28k | 7.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Pbf Energy. More…
| Operations | Investing | Financing |
| 4.9k | -1.16k | -3.55k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Pbf Energy. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 13.14k | 7.87k | 40.6 |
Key Ratios Snapshot
Some of the financial key ratios for Pbf Energy are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 24.1% | 89.4% | 9.1% |
| FCF Margin | ROE | ROA |
| 8.8% | 53.0% | 20.3% |
Analysis
At GoodWhale, we conducted an analysis of PBF Energy’s wellbeing. After thoroughly investigating their financial and business aspects, we assigned them a Risk Rating of “medium risk”. Our analysis revealed three risk warnings in their income sheet, balance sheet, and non financial. These warnings can help investors assess the potential risks associated with an investment in PBF ENERGY. To get a better understanding of these risks, we encourage investors to register for a GoodWhale account and view our comprehensive report. We also suggest that investors do their own independent research on PBF ENERGY before deciding whether or not to invest. More…
Peers
PBF Energy Inc is an American holding company that owns and operates oil refineries and is headquartered in Parsippany-Troy Hills, New Jersey. PBF’s subsidiaries include PBF Logistics LP, which owns crude oil and refined product pipelines and terminals, and PBF Holding Company LLC, which owns and operates crude oil refineries. As of December 31, 2019, PBF Energy Inc. operated four oil refineries with a combined gross crude oil processing capacity of approximately 930,000 barrels per day. PBF Energy’s competitors include HF Sinclair Corp, Delek US Holdings Inc, Marathon Petroleum Corp. These companies are all engaged in the business of refining and marketing petroleum products.
– HF Sinclair Corp ($NYSE:DINO)
Sinclair Broadcast Group, Inc. is one of the largest and most diversified television broadcasting companies in the United States. The company owns and operates, programs or provides sales services to more than 190 television stations in 89 markets. Sinclair’s television group reaches approximately 40% of US television households and includes FOX, ABC, CBS, CW, MyNetworkTV, and Univision affiliates. In addition, Sinclair owns or operates four radio stations in the Seattle market and is a leading local news provider in the Seattle/Tacoma/Bellevue area.
– Delek US Holdings Inc ($NYSE:DK)
Delek US Holdings Inc. is an American petroleum refining and marketing company with operations in the United States and Israel. It has a market cap of 2.07B as of 2022 and a Return on Equity of 34.19%. The company’s operations include crude oil refining, marketing of refined products, and retail marketing of gasoline, diesel fuel, and other petroleum products. Delek US Holdings Inc. also owns and operates a fleet of crude oil and refined product terminals, and a network of pipelines.
– Marathon Petroleum Corp ($NYSE:MPC)
Marathon Petroleum Corp is an American petroleum refining, marketing, and transportation company headquartered in Findlay, Ohio. The company was a wholly owned subsidiary of Marathon Oil until a corporate spin-off in 2011. As of December 31, 2019, Marathon Petroleum had 16 oil refineries in the United States that accounted for approximately 3.1 million barrels per day of crude oil processing capacity. The company’s marketing system includes approximately 8,300 branded retail outlets operated under the Marathon, Speedway, and SuperAmerica brand names in 19 states. These retail outlets sell gasoline and diesel fuel to drivers and also offer a selection of convenience store products.
Summary
PBF Energy has seen a significant improvement in its Relative Strength Rating from 77 to 84. This indicates that the stock has performed better than 77% of the stocks in its sector over the past year and is currently a strong option for investors looking to gain exposure to the energy sector.
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