With PBF’s 4Q15 Results out, What Do Analysts Recommend?
Ten firms have rated PBF a “buy,” “overweight,” or “outperform.” The highest 12-month price target stands at $49, indicating a 73% gain from current levels.
PBF Energy (PBF) announced its 4Q15 results on February 11, before the market hours. It opened at $27.8 per share lower than the previous close of $28.3.
PBF Energy (PBF) noted a fall in its gross refining margin by $3.6 per barrel over 4Q14 to $8.8 per barrel in 4Q15.
In 4Q15, PBF’s revenues missed Wall Street analyst estimates by 11%. Its 4Q15 adjusted EPS stood at $0.7, around 7% higher than the estimated EPS of $0.66.
Of the 16 analysts tracking DTE Energy, nine recommend it as a “hold,” while seven recommend it as a “buy.” No analysts have a “sell” call on DTE Energy.
Michigan’s largest utility company DTE Energy posted its 4Q15 earnings on February 10, 2016. DTE reported quarterly operating earnings of $1.01 per share.
Duke Energy’s weakest link—its international business—is up for sale as part of the company’s strategy to reduce exposure to unregulated markets.
As of February 11, Duke Energy was trading at an EV-to-EBITDA multiple of 10x. Its five-year historical average EV-to-EBITDA multiple stood at almost 10.4x.
The largest utility by market cap is Duke Energy, whose total debt was $42.6 billion as of September 30, 2015. Of this, $37.6 billion is long-term debt.
Duke Energy is increasing its customer base growth at an annualized rate of 1.3%. But it saw lower usage of electricity per customer due to mild weather.
Analysts expect Duke Energy to earn $0.90 per share in 4Q15 compared to $0.86 per share in 4Q14. Management narrowed 2015 guidance to $4.55–$4.65 per share.
US natural gas prices are trading close to 16-year lows. Prices fell for the third consecutive day, and they’re following the long-term bearish trend.
Baker Hughes (BHI) is scheduled to release its weekly natural gas rig count report today, on February 12.
The EIA (U.S. Energy Information Administration) published its weekly natural gas in storage report on February 4, 2016.
March natural gas futures contracts trading on NYMEX fell 2.9% and settled at $1.99 per MMBtu on Thursday, February 11.
Metal and mining companies are trading 7% below their 100-day moving averages. Currently, Newmont Mining (NEM) is 37% above its 100-day moving average.
The US Dollar Index (UUP) is inversely related to commodity prices. When the dollar appreciates, it implies a fall in commodity prices.
Commodities such as gold (GLD), silver, and copper moved up in recent weeks. They rose by 9.2%, 10.1%, and 7.2%, respectively, over a month.
Crude oil prices have fallen almost 29% in 2016. Prices have fallen to 12-year lows. They’re following a long-term bearish trend.
BHI is scheduled to release its weekly US crude oil rig count report on February 16. The crude oil rig count fell by 30 rigs for the week ending February 5, 2016.