Somewhat Favorable News Coverage Somewhat Unlikely to Impact PBF Logistics (PBFX) Stock Price
Media headlines about PBF Logistics (NYSE:PBFX) have trended somewhat positive on Saturday, Accern Sentiment reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. PBF Logistics earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned media coverage about the pipeline company an impact score of 46.5753569531399 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of PBF Logistics (NYSE:PBFX) opened at 20.85 on Friday. The company’s 50-day moving average price is $20.30 and its 200 day moving average price is $20.42. The firm has a market capitalization of $873.45 million, a price-to-earnings ratio of 9.44 and a beta of 1.34. PBF Logistics has a 12-month low of $17.45 and a 12-month high of $22.70.
PBF Logistics (NYSE:PBFX) last posted its quarterly earnings data on Thursday, August 3rd. The pipeline company reported $0.49 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.09. The company had revenue of $62.30 million for the quarter, compared to analysts’ expectations of $58.69 million. PBF Logistics had a net margin of 39.25% and a return on equity of 62.40%. The firm’s revenue was up 53.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.41 earnings per share. On average, equities research analysts forecast that PBF Logistics will post $2.32 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Friday, August 11th. This is an increase from PBF Logistics’s previous quarterly dividend of $0.46. This represents a $1.88 annualized dividend and a yield of 9.02%. PBF Logistics’s dividend payout ratio is currently 89.10%.
Several research analysts have recently issued reports on the company. BidaskClub upgraded PBF Logistics from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Zacks Investment Research cut PBF Logistics from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. TheStreet upgraded PBF Logistics from a “d” rating to a “c” rating in a research note on Tuesday, May 30th. ValuEngine upgraded PBF Logistics from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Finally, Credit Suisse Group set a $24.00 price objective on PBF Logistics and gave the stock a “hold” rating in a research note on Saturday, August 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $24.00.
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PBF Logistics Company Profile
PBF Logistics LP owns or leases, operates, develops and acquires crude oil and refined petroleum products terminals, pipelines, storage facilities and similar logistics assets. The Company operates through two segments: Transportation and Terminaling, and Storage. The Transportation and Terminaling segment consists of various assets, including Delaware City Rail Unloading Terminal (DCR Rail Terminal), Toledo Truck Unloading Terminal (Toledo Truck Terminal), Delaware City West Heavy Unloading Rack (the DCR West Rack), East Coast Terminals and Torrance Valley Pipeline.
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