News articles about PBF Logistics (NYSE:PBFX) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog 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 news impact score of 0.16 on Accern’s scale. Accern also gave headlines about the pipeline company an impact score of 46.0702072929649 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- A Chartists Perspective on PBF Logistics LP (PBFX) – Danville Daily (danvilledaily.com)
- PBF Logistics LP (PBFX) is at $21.10 per share and Gaming and Leisure Properties, Inc. (GLPI) is listed at $38.12 – Stocks Gallery (stocksgallery.com)
- PBF Logistics LP (PBFX) RMI Running Higher in Consecutive Sessions – FLBC News (flbcnews.com)
- Comparing EnLink Midstream (ENLC) and PBF Logistics (PBFX) (americanbankingnews.com)
- PBF Logistics to attend Citi Infrastructure Conference (finance.yahoo.com)
Shares of PBF Logistics (PBFX) traded down 1.18% during trading on Friday, hitting $20.85. The stock had a trading volume of 83,294 shares. The stock has a market capitalization of $873.45 million, a P/E ratio of 9.44 and a beta of 1.34. PBF Logistics has a 12-month low of $17.45 and a 12-month high of $22.70. The stock’s 50-day moving average is $20.30 and its 200-day moving average is $20.42.
PBF Logistics (NYSE:PBFX) last issued its quarterly earnings results on Thursday, August 3rd. The pipeline company reported $0.49 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.09. The firm had revenue of $62.30 million for the quarter, compared to the consensus estimate of $58.69 million. PBF Logistics had a net margin of 39.25% and a return on equity of 62.40%. The business’s revenue was up 53.1% compared to the same quarter last year. During the same period last year, the company posted $0.41 EPS. Analysts predict that PBF Logistics will post $2.32 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be given a dividend of $0.47 per share. The ex-dividend date is Friday, August 11th. This represents a $1.88 dividend on an annualized basis and a yield of 9.02%. This is a boost from PBF Logistics’s previous quarterly dividend of $0.46. PBF Logistics’s dividend payout ratio is 89.10%.
PBFX has been the subject of several research analyst reports. BidaskClub raised PBF Logistics from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Zacks Investment Research cut PBF Logistics from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. 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. TheStreet raised PBF Logistics from a “d” rating to a “c” rating in a report on Tuesday, May 30th. Finally, ValuEngine raised PBF Logistics from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $24.00.
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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