News coverage about PBF Logistics (NYSE:PBFX) has trended somewhat positive on Saturday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. PBF Logistics earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave news articles about the pipeline company an impact score of 47.4315232175891 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment’s analysis:
Several equities analysts recently issued reports on the stock. Zacks Investment Research cut shares of PBF Logistics from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. ValuEngine cut shares of PBF Logistics from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Finally, Citigroup reduced their price target on shares of PBF Logistics from $25.00 to $22.50 and set a “buy” rating on the stock in a research report on Tuesday, March 27th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. PBF Logistics has an average rating of “Hold” and an average price target of $23.50.
Shares of NYSE PBFX opened at $18.95 on Friday. PBF Logistics has a 1 year low of $17.75 and a 1 year high of $22.30. The company has a debt-to-equity ratio of 3.49, a quick ratio of 2.15 and a current ratio of 2.15. The stock has a market cap of $800.30, a P/E ratio of 8.73, a P/E/G ratio of 2.29 and a beta of 1.18.
PBF Logistics (NYSE:PBFX) last posted its quarterly earnings data on Thursday, February 15th. The pipeline company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.09). PBF Logistics had a return on equity of 60.45% and a net margin of 36.52%. The business had revenue of $66.51 million for the quarter, compared to the consensus estimate of $66.81 million. During the same period in the previous year, the firm earned $0.57 EPS. The company’s revenue was up 7.8% on a year-over-year basis. equities analysts predict that PBF Logistics will post 2.19 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 14th. Investors of record on Wednesday, February 28th were paid a dividend of $0.485 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $1.94 annualized dividend and a yield of 10.24%. This is a positive change from PBF Logistics’s previous quarterly dividend of $0.48. PBF Logistics’s payout ratio is presently 89.40%.
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PBF Logistics Company Profile
PBF Logistics LP owns, leases, acquires, develops, and operates crude oil and refined petroleum products terminals, pipelines, storage facilities, and other logistics assets in the United States. It operates through Transportation and Terminaling, and Storage segments. The company's assets include Delaware City rail unloading terminal, a light crude oil rail unloading terminal, which serves Delaware City and Paulsboro refineries; Toledo truck unloading Terminal, that serves Toledo refinery; Delaware City west heavy unloading rack, a heavy crude oil unloading facility, which serves Delaware City refinery; and a terminaling facility that consists of 27 propane storage bullets and a truck loading facility.
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