Arc Logistic Partners LP (NYSE:ARCX) announced a quarterly dividend on Friday, October 27th, Wall Street Journal reports. Shareholders of record on Wednesday, November 8th will be given a dividend of 0.44 per share by the pipeline company on Wednesday, November 15th. This represents a $1.76 annualized dividend and a yield of 10.51%. The ex-dividend date is Tuesday, November 7th.

Arc Logistic Partners has a payout ratio of 258.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Arc Logistic Partners to earn $0.90 per share next year, which means the company may not be able to cover its $1.76 annual dividend with an expected future payout ratio of 195.6%.

Arc Logistic Partners (NYSE:ARCX) opened at $16.75 on Monday. The company has a market cap of $327.39, a P/E ratio of 21.75, a PEG ratio of 12.32 and a beta of 0.80. The company has a current ratio of 1.05, a quick ratio of 1.02 and a debt-to-equity ratio of 0.71.

Arc Logistic Partners (NYSE:ARCX) last issued its quarterly earnings data on Tuesday, August 8th. The pipeline company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.03). The firm had revenue of $26.59 million for the quarter, compared to the consensus estimate of $26.71 million. Arc Logistic Partners had a net margin of 13.28% and a return on equity of 4.10%. equities analysts predict that Arc Logistic Partners will post 0.68 EPS for the current fiscal year.

A number of equities analysts recently issued reports on ARCX shares. Zacks Investment Research raised shares of Arc Logistic Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. BidaskClub downgraded shares of Arc Logistic Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Stifel Nicolaus raised shares of Arc Logistic Partners from a “hold” rating to a “buy” rating and increased their price target for the stock from $13.00 to $18.00 in a research note on Wednesday, August 9th. Finally, SunTrust Banks, Inc. downgraded shares of Arc Logistic Partners from a “buy” rating to a “hold” rating and increased their price target for the stock from $15.00 to $16.50 in a research note on Wednesday, August 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.33.

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Arc Logistic Partners Company Profile

Arc Logistics Partners LP owns, operates, develops and acquires a portfolio of energy logistics assets. The Company is engaged in the terminaling, storage, throughput and transloading of crude oil and petroleum products. The Company is focused on growing its business through the optimization, organic development and acquisition of terminaling, storage, rail, pipeline and other energy logistics assets.

Dividend History for Arc Logistic Partners (NYSE:ARCX)

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