Positive Press Coverage Somewhat Unlikely to Impact PBF Logistics (NYSE:PBFX) Stock Price

Media coverage about PBF Logistics (NYSE:PBFX) has trended positive on Monday, Accern reports. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog 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 coverage optimism score of 0.27 on Accern’s scale. Accern also assigned headlines about the pipeline company an impact score of 47.0795945701162 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Shares of PBF Logistics (PBFX) opened at $19.65 on Monday. PBF Logistics has a 1 year low of $17.60 and a 1 year 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 capitalization of $823.24, a PE ratio of 8.77, a price-to-earnings-growth ratio of 2.15 and a beta of 1.26.

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

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 9.77%. This is a boost from PBF Logistics’s previous quarterly dividend of $0.47. The ex-dividend date was Friday, November 10th. PBF Logistics’s dividend payout ratio is presently 85.71%.

Several analysts have issued reports on PBFX shares. BidaskClub upgraded PBF Logistics from a “hold” rating to a “buy” rating in a 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. Finally, UBS lowered their target price on PBF Logistics from $28.00 to $24.00 and set a “buy” rating for the company in a report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. PBF Logistics currently has a consensus rating of “Hold” and a consensus target price of $24.00.

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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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