Media coverage about PBF Logistics (NYSE:PBFX) has trended positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. PBF Logistics earned a daily sentiment score of 0.27 on Accern’s scale. Accern also gave media coverage about the pipeline company an impact score of 47.030376984788 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
A number of equities 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 lowered PBF Logistics from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, Credit Suisse Group set a $24.00 price target on PBF Logistics and gave the company a “hold” rating in a report on Saturday, August 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $24.00.
PBF Logistics (NYSE PBFX) opened at $19.80 on Monday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 3.40. PBF Logistics has a 1-year low of $17.50 and a 1-year high of $22.70. The company has a market capitalization of $829.52, a PE ratio of 8.84, a P/E/G ratio of 2.17 and a beta of 1.26.
PBF Logistics (NYSE:PBFX) last released its earnings results on Thursday, November 2nd. The pipeline company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. The company 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%. PBF Logistics’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. equities analysts forecast that PBF Logistics will post 2.28 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Monday, November 13th will be issued a $0.48 dividend. This is an increase from PBF Logistics’s previous quarterly dividend of $0.47. The ex-dividend date is Friday, November 10th. This represents a $1.92 annualized dividend and a dividend yield of 9.70%. PBF Logistics’s dividend payout ratio (DPR) is 85.71%.
About PBF Logistics
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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