Media headlines about PBF Logistics (NYSE:PBFX) have trended somewhat positive on Tuesday, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. PBF Logistics earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news coverage about the pipeline company an impact score of 47.4035307497814 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- PBF Logistics announces $125M in multi-asset growth purchases (seekingalpha.com)
- PBF Logistics Announces Multi-Asset Growth Acquisitions (finance.yahoo.com)
- PBF Logistics (PBFX) Downgraded by BidaskClub (americanbankingnews.com)
- Are Amtech Systems, Inc. (NasdaqGS:ASYS) and PBF Logistics LP (NYSE:PBFX) Providing Quality Returns? (concordiareview.com)
- Analysts See $2.19 EPS for Brighthouse Financial, Inc. (BHF); PBF Logistics LP (PBFX) Has 1.44 Sentiment (mtastar.com)
NYSE PBFX opened at $20.15 on Tuesday. The company has a debt-to-equity ratio of 3.49, a quick ratio of 2.15 and a current ratio of 2.15. PBF Logistics has a twelve month low of $17.75 and a twelve month high of $22.30. The company has a market cap of $806.59, a P/E ratio of 9.29, a PEG ratio of 2.31 and a beta of 1.18.
PBF Logistics (NYSE:PBFX) last released its quarterly earnings results on Thursday, February 15th. The pipeline company reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.09). PBF Logistics had a net margin of 36.52% and a return on equity of 60.45%. The firm had revenue of $66.51 million for the quarter, compared to the consensus estimate of $66.81 million. During the same quarter in the prior year, the firm earned $0.57 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. research analysts predict that PBF Logistics will post 2.19 EPS for the current fiscal year.
A number of brokerages have recently weighed in on PBFX. Zacks Investment Research lowered PBF Logistics from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. Citigroup cut their price objective on PBF Logistics from $25.00 to $22.50 and set a “buy” rating on the stock in a research report on Tuesday, March 27th. Finally, ValuEngine lowered PBF Logistics from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $23.50.
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About PBF Logistics
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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