PBF Logistics (NYSE:PBFX) announced its earnings results on Friday. The pipeline company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.45 by $0.15, MarketWatch Earnings reports. PBF Logistics had a return on equity of 113.76% and a net margin of 33.22%. The business had revenue of $89.13 million for the quarter, compared to the consensus estimate of $90.40 million.
PBFX opened at $9.48 on Friday. The company has a quick ratio of 3.64, a current ratio of 3.64 and a debt-to-equity ratio of 8.32. PBF Logistics has a 12 month low of $3.06 and a 12 month high of $22.00. The company has a fifty day simple moving average of $9.90 and a 200 day simple moving average of $12.18. The stock has a market cap of $591.06 million, a P/E ratio of 4.96 and a beta of 1.75.
A number of research firms have recently weighed in on PBFX. Zacks Investment Research raised PBF Logistics from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Friday, July 24th. Wells Fargo & Co increased their price target on PBF Logistics from $8.00 to $11.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 22nd. ValuEngine raised PBF Logistics from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 2nd. Finally, Credit Suisse Group increased their price target on PBF Logistics from $11.00 to $13.50 and gave the company a “neutral” rating in a research note on Friday, May 22nd. One equities research 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 company presently has an average rating of “Hold” and an average target price of $12.13.
PBF Logistics Company Profile
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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