|Bid||10.42 x 1100|
|Ask||10.43 x 900|
|Day's range||9.96 - 10.46|
|52-week range||4.06 - 18.78|
|Beta (5Y monthly)||3.00|
|PE ratio (TTM)||N/A|
|Earnings date||27 Oct 2021 - 01 Nov 2021|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||24 Feb 2020|
|1y target est||10.15|
The refineries in Louisiana that were shut ahead of or during the passing of Hurricane Ida this weekend could take weeks to restart as power and water services have yet to be restored in the state’s Gulf Coast
The downstream oil stock's peers barely budged, though, so what's brewing? Under the Environmental Protection Agency's (EPA) Renewable Fuel Standard (RFS), oil refiners are required to blend a certain amount of renewables, specifically biofuels like ethanol and biodiesel, into the gasoline, diesel, and jet fuel they produce. Refiners either have to blend to meet yearly renewable volume obligation (RVO) as mandated under the RFS, or buy tradable renewable fuel credits called RINs in the open market.
Lower contributions from the refining and logistics segments hurt PBF Energy's (PBF) Q2 earnings.