PBF Logistics (PBFX) Getting Somewhat Critical Press Coverage, Report Shows

Headlines about PBF Logistics (NYSE:PBFX) have been trending somewhat negative this week, AlphaOne Sentiment Analysis reports. The research firm, a subsidiary of Accern, identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. PBF Logistics earned a media sentiment score of -0.02 on AlphaOne’s scale. AlphaOne also gave media coverage about the pipeline company an impact score of 50 out of 100, indicating that recent news coverage is somewhat likely to have an impact on the company’s share price in the near future.

Here are some of the headlines that may have impacted Alpha One Sentiment’s rankings:

PBFX has been the subject of several analyst reports. Zacks Investment Research upgraded PBF Logistics from a “sell” rating to a “hold” rating in a research note on Wednesday, February 1st. Credit Suisse Group AG set a $24.00 target price on PBF Logistics and gave the stock a “hold” rating in a research note on Monday, February 20th.

Shares of PBF Logistics (NYSE:PBFX) traded down 0.24% on Friday, reaching $20.85. The company’s stock had a trading volume of 41,332 shares. The company has a market capitalization of $870.76 million, a price-to-earnings ratio of 9.84 and a beta of 1.31. PBF Logistics has a 12-month low of $17.45 and a 12-month high of $23.49. The company’s 50-day moving average is $21.20 and its 200 day moving average is $19.80.

PBF Logistics (NYSE:PBFX) last announced its quarterly earnings results on Thursday, February 16th. The pipeline company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. PBF Logistics had a negative return on equity of 82.44% and a net margin of 45.10%. The company earned $61.69 million during the quarter, compared to analyst estimates of $48.82 million. During the same period in the prior year, the company earned $0.50 earnings per share. The firm’s revenue was up 65.4% on a year-over-year basis. Equities analysts anticipate that PBF Logistics will post $2.09 earnings per share for the current fiscal year.

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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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