PBF Energy is outperforming the rest of the sector with strong year-to-date returns, according to Investing.com


The profit of PBF Energy, a leader in the oil and gas refining and sales industry, increased significantly year-on-year, reaching 12.8%. This impressive performance topped the industry and industry averages, as detailed in a recent report from Zacks Investment Research.

According to the Zacks Industry Ranking, Petroleum Energy Group’s PBF Energy holds the top spot. The Zacks Rank system gives PBF a #1 (Strong Buy) rating due to its improving earnings outlook. Over the past quarter, the Zacks Consensus Estimate for PBF’s full-year earnings has increased 26.1%.

The industry in which PBF operates has returned an average of 8.2% this year and ranks #32 in the Zacks Industry Rank.

In related news, Pioneer Natural Resources Oil & Gas – Exploration & Production – U.S. Industries also posted promising results. The company’s year-to-date profit margin is 6.7%, exceeding the industry average of 6.1%. Pioneer currently carries a Zacks Rank #2 (Buy). Vanguard’s consensus earnings per share estimate for the current year has increased 11.9% over the past three months, indicating both companies are optimistic about the prospects for their respective industries.

More information about InvestingPro

PBF Energy, a major player in the oil and gas industry; as fuel consumption increases, several strategic initiatives have come to the attention of InvestingPro. Management’s aggressive share repurchase strategy, coupled with strong earnings that will allow continued dividend payments, are two InvestingPro tips worth noting. It’s worth mentioning that the company’s earnings per share continue to grow, which is a positive sign for potential investors.

Further insights from InvestingPro Data show that as of the third quarter of 2023, PBF Energy had a market capitalization of $5.56 billion and a low price-to-earnings ratio of 2.01, suggesting the company may be undervalued. The company’s revenue for the trailing 12 months ended in the third quarter of 2023 reached an impressive $40,032.4 million, although revenue growth declined during the same period.

InvestingPro provides additional insights and advice to PBF Energy and other companies, providing investors with comprehensive tools to make informed decisions. For example, InvestingPro currently lists 15 additional tips for PBF Energy.

This article was created and translated with the help of artificial intelligence and reviewed by an editor. For more information, please see our terms and conditions.

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