Somewhat Positive Media Coverage Somewhat Unlikely to Affect PBF Logistics (PBFX) Share Price
Headlines about PBF Logistics (NYSE:PBFX) have trended somewhat positive on Friday, Accern Sentiment reports. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. PBF Logistics earned a media sentiment score of 0.03 on Accern’s scale. Accern also assigned media stories about the pipeline company an impact score of 46.2056051682536 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media stories that may have impacted Accern’s scoring:
- Critical Review: EQT Midstream Partners (EQM) vs. PBF Logistics (PBFX) (americanbankingnews.com)
- PBFX Stock: The Safest 9% Yield on the Market? (incomeinvestors.com)
- PBF Logistics to Attend UBS MLP One-on-One Conference – PR Newswire (press release) (prnewswire.com)
Several brokerages have recently weighed in on PBFX. Zacks Investment Research raised PBF Logistics from a “sell” rating to a “hold” rating in a research report on Thursday. BidaskClub lowered PBF Logistics from a “buy” rating to a “hold” rating in a research report on Friday, September 22nd. Finally, UBS Group cut their target price on PBF Logistics from $28.00 to $24.00 and set a “buy” rating on the stock in a research report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $24.00.
Shares of PBF Logistics (PBFX) opened at $21.30 on Friday. The firm has a market capitalization of $892.36, a PE ratio of 9.51, a PEG ratio of 2.15 and a beta of 1.26. The company has a debt-to-equity ratio of 3.40, a quick ratio of 1.26 and a current ratio of 1.26. PBF Logistics has a 12-month low of $18.55 and a 12-month high of $22.70.
PBF Logistics (NYSE:PBFX) last released its quarterly earnings results on Thursday, November 2nd. The pipeline company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. The firm had revenue of $65.50 million for the quarter, compared to the consensus estimate of $64.60 million. PBF Logistics had a return on equity of 64.05% and a net margin of 38.76%. The firm’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.50 EPS. research analysts forecast that PBF Logistics will post 2.28 earnings per share for the current fiscal year.
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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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