PBF Logistics - PBFX Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PBF Logistics in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PBFX shares.
View PBFX analyst ratings or view top-rated stocks.

2 equities research analysts have issued 12-month price objectives for PBF Logistics' shares. Their PBFX share price forecasts range from $14.00 to $17.00. On average, they predict the company's share price to reach $15.50 in the next year. This suggests that the stock has a possible downside of 17.9%.
View analysts price targets for PBFX or view top-rated stocks among Wall Street analysts.

PBF Logistics' stock was trading at $11.30 at the beginning of 2022. Since then, PBFX stock has increased by 67.2% and is now trading at $18.89.
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PBF Logistics saw a decrease in short interest in September. As of September 15th, there was short interest totaling 454,900 shares, a decrease of 23.1% from the August 31st total of 591,500 shares. Based on an average daily trading volume, of 356,100 shares, the short-interest ratio is currently 1.3 days. Approximately 1.8% of the company's shares are sold short.
View PBF Logistics' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our PBFX earnings forecast.

PBF Logistics will be holding an earnings conference call on Thursday, October 27th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

PBF Logistics LP (NYSE:PBFX) issued its earnings results on Thursday, July, 28th. The pipeline company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.09. The pipeline company had revenue of $93.37 million for the quarter, compared to the consensus estimate of $85.14 million. PBF Logistics had a trailing twelve-month return on equity of 59.58% and a net margin of 42.79%.

PBF Logistics announced a quarterly dividend on Friday, July 29th. Shareholders of record on Thursday, August 11th will be paid a dividend of $0.30 per share on Thursday, August 25th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.35%. The ex-dividend date of this dividend is Wednesday, August 10th.
Read our dividend analysis for PBFX.

PBF Logistics (NYSE:PBFX) pays an annual dividend of $1.20 per share and currently has a dividend yield of 6.40%. PBFX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 48.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PBFX will have a dividend payout ratio of 48.98% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PBFX.

Based on aggregate information from My MarketBeat watchlists, some companies that other PBF Logistics investors own include Enterprise Products Partners (EPD), Energy Transfer (ET), NGL Energy Partners (NGL), AT&T (T), Annaly Capital Management (NLY), Omega Healthcare Investors (OHI), Ares Capital (ARCC), Höegh LNG Partners (HMLP), Mplx (MPLX) and Delek Logistics Partners (DKL).

PBF Logistics trades on the New York Stock Exchange (NYSE) under the ticker symbol "PBFX."

Shares of PBFX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PBFX stock can currently be purchased for approximately $18.89.

PBF Logistics (NYSE:PBFX) has a market capitalization of $1.19 billion and generates $355.54 million in revenue each year. The pipeline company earns $153.29 million in net income (profit) each year or $2.45 on an earnings per share basis.

PBF Logistics' mailing address is ONE SYLVAN WAY SECOND FLOOR, PARSIPPANY NJ, 07054. The official website for the company is www.pbflogistics.com. The pipeline company can be reached via phone at (973) 455-7500, via email at ir@pbflogistics.com, or via fax at 302-655-5049.