PBF Energy A

As an independent U.S. refiner, PBF Energy operates complex facilities to process primarily low‑cost heavy crudes, generating attractive refining margins. High free cash flows from the fuels business are being used to pay down debt and deliver returns to shareholders. At the same time, the company is building a renewable diesel arm through a joint venture as its contribution to the energy transition. » Altro su finanzen.net

The stock of PBF Energy rose to an all-time high of $76.03 and is currently trading at $76.14. With a price-to-earnings ratio of 6.27 and a share price increase of 156.29% over the past year, the stock is viewed as possibly undervalued. PBF reported strong Q2 results (adjusted earnings $6.22 per share vs. $3.49 expected, revenue $11.68 billion vs. $9.67 billion), reduced net debt by more than $1.4 billion and received a rating from UBS. » Altro su de.investing.com

PBF Energy’s stock climbed to an all-time high of $68.50; market capitalization is around $7.55 billion. Over the past year the stock rose 180.31%, and year-to-date it is up 137%. InvestingPro currently rates the stock as overvalued (P/E 16.75). In the second quarter PBF reported adjusted earnings of $6.22 per share on revenue of $11.68 billion, comfortably beating analysts’ expectations. » Altro su de.investing.com