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

News articles about PBF Logistics (NYSE:PBFX) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PBF Logistics earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media headlines about the pipeline company an impact score of 45.4606332669975 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Shares of PBF Logistics (PBFX) opened at $20.50 on Friday. The firm has a market cap of $831.61, a P/E ratio of 9.15, a PEG ratio of 2.18 and a beta of 1.26. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 3.40. PBF Logistics has a 12-month low of $18.00 and a 12-month high of $22.70.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 9.37%. The ex-dividend date was Friday, November 10th. This is an increase from PBF Logistics’s previous quarterly dividend of $0.47. PBF Logistics’s payout ratio is currently 85.71%.

Several research analysts have commented on PBFX shares. Zacks Investment Research cut shares of PBF Logistics from a “hold” rating to a “sell” rating in a report on Saturday, September 30th. UBS lowered their price target on shares of PBF Logistics from $28.00 to $24.00 and set a “buy” rating for the company in a report on Tuesday, October 17th. Finally, BidaskClub cut shares of PBF Logistics from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. PBF Logistics has an average rating of “Hold” and an average price target of $24.00.

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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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