PBF Logistics (NYSE:PBFX) posted its earnings results on Friday. The pipeline company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.15, MarketWatch Earnings reports. The firm had revenue of $89.13 million for the quarter, compared to analysts’ expectations of $90.40 million. PBF Logistics had a net margin of 33.22% and a return on equity of 113.76%.
Shares of NYSE:PBFX opened at $9.48 on Friday. The firm has a market cap of $591.06 million, a PE ratio of 4.96 and a beta of 1.75. The firm’s fifty day moving average is $9.90 and its 200-day moving average is $12.18. The company has a debt-to-equity ratio of 8.32, a quick ratio of 3.64 and a current ratio of 3.64. PBF Logistics has a 52 week low of $3.06 and a 52 week high of $22.00.
PBFX has been the topic of a number of research reports. ValuEngine raised shares of PBF Logistics from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 2nd. Wells Fargo & Co boosted their target price on shares of PBF Logistics from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 22nd. Credit Suisse Group boosted their target price on shares of PBF Logistics from $11.00 to $13.50 and gave the stock a “neutral” rating in a research note on Friday, May 22nd. Finally, Zacks Investment Research raised shares of PBF Logistics from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Friday, July 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $12.13.
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 two segments, Transportation and Terminaling; and Storage. The company's assets include Delaware City Refining Company LLC (DCR) rail terminal, a double loop track with ancillary pumping and unloading equipment; the Toledo Truck Terminal, a crude truck unloading terminal; the DCR West Rack, a heavy crude oil rail unloading facility at the Delaware city refinery; the Toledo storage facility, which includes a propane storage and loading facility; the DCR products pipeline, an interstate petroleum products pipeline; the DCR Truck Rack, a truck loading rack; the San Joaquin Valley pipeline system and Paulsboro natural gas pipeline; and Knoxville Terminals, which consists of two refined product terminals located in Knoxville, Tennessee.
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