Favorable News Coverage Somewhat Unlikely to Affect PBF Logistics (PBFX) Stock Price

Media stories about PBF Logistics (NYSE:PBFX) have been trending positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public 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 0.27 on Accern’s scale. Accern also assigned news headlines about the pipeline company an impact score of 47.0795945701162 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

A number of analysts have commented on the stock. BidaskClub lowered shares of PBF Logistics from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Zacks Investment Research upgraded shares of PBF Logistics from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Finally, Credit Suisse Group set a $24.00 price target on shares of PBF Logistics and gave the company a “hold” rating in a research note on Saturday, August 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $24.00.

PBF Logistics (NYSE PBFX) remained flat at $$19.50 during midday trading on Friday. The company’s stock had a trading volume of 34,751 shares, compared to its average volume of 81,950. PBF Logistics has a 52-week low of $17.45 and a 52-week high of $22.70. The company has a debt-to-equity ratio of 3.40, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market cap of $816.95, a P/E ratio of 8.53, a price-to-earnings-growth ratio of 2.09 and a beta of 1.26.

PBF Logistics (NYSE:PBFX) last posted its earnings results on Thursday, November 2nd. The pipeline company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.05. PBF Logistics had a net margin of 38.76% and a return on equity of 64.05%. The firm had revenue of $65.50 million during the quarter, compared to analyst estimates of $64.60 million. During the same quarter in the prior year, the business posted $0.50 EPS. The business’s revenue was up 35.2% compared to the same quarter last year. analysts forecast that PBF Logistics will post 2.28 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th will be paid a $0.48 dividend. This is a positive change from PBF Logistics’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Friday, November 10th. This represents a $1.92 annualized dividend and a dividend yield of 9.85%. PBF Logistics’s dividend payout ratio is presently 85.71%.

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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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