On 16 March 2020, PBF Energy Inc (NYSE: PBF) spotted trading -69.90% off 52-week high price. On the other end, the stock has been noted 5.06% away from the low price over the last 52-weeks. The stock changed -33.88% to recent value of $10.58. The stock transacted 6581356 shares during most recent day however it has an average volume of 2287.05K shares. The company has 146.21M of outstanding shares and 96.5M shares were floated in the market.
PBF Energy Inc. (PBF) recently stated fourth quarter 2019 income from operations of $123.0M as contrast to loss from operations of $446.2M for the fourth quarter of 2018. Not Including special items, fourth quarter 2019 income from operations was $149.8M as contrast to income from operations of $213.3M for the fourth quarter of 2018.
The company stated fourth quarter 2019 net income of $69.1M and net income attributable to PBF Energy Inc. of $53.0M or $0.44 per share. This compares to net loss of $346.7M , and net loss attributable to PBF Energy Inc. of $353.8M or $2.97 per share for the fourth quarter of 2018. Special items in the fourth quarter 2019 results, which reduced net income by a net, after-tax charge of $20.2M , or $0.16 per share, consisted of a lower-of-cost-or-market (“LCM”) inventory adjustment. Adjusted fully-converted net income for the fourth quarter 2019, not including special items, was $73.6M , or $0.60 per share on a fully-exchanged, fully-diluted basis, as described below, contrast to an adjusted fully-converted net income of $125.8M or $1.03 per share, for the fourth quarter 2018.
Tom Nimbley, PBF Energy’s Chairman and CEO, stated, “We ended 2019 with strong results. By plannedally advancing maintenance into the first half of 2019 we gave ourselves a clear runway for the second half of the year and into 2020.” Mr. Nimbley continued, “Looking forward, our outlook remains positive. The turmoil we experienced in January should start to subside as we move past the market disruptions and into seasonally higher demand. We have started to see impacts of the IMO marine fuel regulation change and we expect those to become more apparent as the market continues to adapt to the new realities of lower-sulfur product demand and shifting appetites for various qualities of feedstocks. Finally, PBF Energy successfully completed the acquisition of the Martinez refinery and we welcome our newest employees and assets to the PBF family.”
Income from operations was $649.0M for the year-ended December 31, 2019 as contrast to income from operations of $358.1M for the year-ended December 31, 2018. Not Including special items, income from operations was $365.7M for the year-ended December 31, 2019 as contrast to income from operations of $717.9M for the year-ended December 31, 2018. Adjusted fully-converted net income for the year ended December 31, 2019 , not including special items, was $109.3M , or $0.90 per share on a fully-exchanged, fully-diluted basis, as contrast to adjusted fully-converted net income, not including special items, of $387.0M , or $3.26 per share, for the year ended December 31, 2018 . PBF Energy’s financial results reflect the consolidation of PBF Logistics LP (NYSE: PBFX), a master limited joint venture of which PBF indirectly owns the general partner and about 48% of the limited partner interests as of December 31, 2019 .
Its earnings per share (EPS) expected to touch remained 143.70% for this year while earning per share for the next 5-years is expected to reach at 22.90%. PBF has a gross margin of 12.50% and an operating margin of 2.60% while its profit margin remained 1.30% for the last 12 months. According to the most recent quarter its current ratio was 1.5 that represents company’s ability to meet its current financial obligations. The price moved ahead of -49.97% from the mean of 20 days, -59.39% from mean of 50 days SMA and performed -61.44% from mean of 200 days price. Company’s performance for the week was -29.98%, -62.94% for month and YTD performance remained -66.27%.