Credit Suisse reiterated coverage on PBF Logistics with a new price target
$PBFX
Credit Suisse reiterated coverage of PBF Logistics with a rating of Neutral and set a new price target of $13.50 from $11.50 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/16/2021 | $16.00 → $14.00 | Equal-Weight | Wells Fargo |
4 - PBF Logistics LP (0001582568) (Issuer)
4 - PBF Logistics LP (0001582568) (Issuer)
4 - PBF Logistics LP (0001582568) (Issuer)
PARSIPPANY, N.J., Dec. 23, 2021 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) announced that Paul Donahue has been elected as an independent director effective January 1, 2022. Thomas J. Nimbley, Chairman of the Board and CEO, commented, "We are very pleased to have Paul join the PBF Energy Board of Directors. He is an accomplished executive and leader with over 33 years of experience in finance and investing, with extensive energy industry experience and will be a significant addition to the Board." Mr. Donahue is currently the Managing Partner and Co-Founder of Black Squirrel
15-12G - PBF Logistics LP (0001582568) (Filer)
EFFECT - PBF Logistics LP (0001582568) (Filer)
25-NSE - PBF Logistics LP (0001582568) (Subject)
SC 13G/A - PBF Logistics LP (0001582568) (Subject)
SC 13G/A - PBF Logistics LP (0001582568) (Subject)
SC 13D/A - PBF Logistics LP (0001582568) (Subject)
Third quarter net income attributable to the limited partners of $34.9 million, or $0.55 per common unit, EBITDA attributable to PBFX of $53.8 million and Adjusted EBITDA of $54.6 millionYear-to-date debt reduced by $100.0 million through repayments on the revolving credit facilityDeclares quarterly distribution of $0.30 per unitPARSIPPANY, N.J., Oct. 27, 2022 /PRNewswire/ -- PBF Logistics LP (NYSE:PBFX, the ", Partnership", ))) today announced third quarter 2022 net income attributable to the limited partners of $34.9 million, or $0.55 per common unit. During the quarter, the Partnership generated cash from operations of $64.5 million, EBITDA attributable to PBFX of $53.8 million, Adjusted
Third quarter income from operations of $1,400.0 million (excluding special items, third quarter income from operations of $1,403.0 million)Announces reinstatement of regular quarterly dividend of $0.20 per shareNet debt to capitalization reduced to 1% versus 59% at year-end 2021, excluding special itemsPARSIPPANY, N.J., Oct. 27, 2022 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) today reported third quarter 2022 income from operations of $1,400.0 million as compared to income from operations of $100.9 million for the third quarter of 2021. Excluding special items, third quarter 2022 income from operations was $1,403.0 million as compared to income from operations of $101.0 million for the thir
PARSIPPANY, N.J., Sept. 30, 2022 /PRNewswire/ -- PBF Logistics LP (NYSE:PBFX) announced today that it will release its earnings results for the third quarter 2022 on Thursday, October 27, 2022. The company will host a conference call and webcast regarding quarterly results and other business matters on Thursday, October 27, 2022, at 11:00 a.m. ET. The call is being webcast and can be accessed at PBF Logistics' website, http://www.pbflogistics.com. The call can also be accessed by dialing (877) 407-8029 or (201) 689-8029. The audio replay will be available approximately two hou
OVERLAND PARK, KS / ACCESSWIRE / November 30, 2022 / TortoiseEcofin today announced that PBF Logistics LP (NYSE:PBFX) will be removed from the Tortoise MLP Index® (TMLP), and the Tortoise North American Pipeline IndexSM (TNAP), as a result of the approved merger with PBF Energy Inc (NYSE:PBF). As part of the transaction PBF will acquire all of the outstanding common units representing limited partner interests of PBFX it does not already own effective December 1, 2022. Due to the acquisition, PBFX will be removed from both indices at market open on Thursday, December 1, 2022.For Tortoise MLP Index® (TMLP), PBFX will be removed with a special rebalancing. PBFX will be dropped from Tortoise No
PBF Logistics Unitholders Approve Transaction PARSIPPANY, N.J., Nov. 30, 2022 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) and PBF Logistics LP (NYSE:PBFX) today announced the completion of the transactions contemplated by the previously announced agreement and plan of merger, pursuant to which PBF Energy acquired all of the common units representing limited partner interests in PBF Logistics ("PBFX Common Units") not already owned by PBF Energy and its subsidiaries (the "PBFX Public Common Units") for a combination of 0.270 of a share of PBF Energy Class A common stock and $9.25 in cash, without interest, per PBFX Public Common Unit.
PARSIPPANY, N.J., Nov. 29, 2022 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) and PBF Logistics LP (NYSE:PBFX) today announced that C. Erik Young, Chief Financial Officer, has resigned to pursue other professional opportunities. Mr. Young's resignation will be effective December 20, 2022. A search for potential internal and external candidates to replace Mr. Young will be conducted. Mr. Young enjoyed a twelve-year career at PBF and has served as the Company's CFO since 2014. Among his many accomplishments during his tenure with the Company, Erik oversaw the build out of PBF's f
Wells Fargo reiterated coverage of PBF Logistics with a rating of Equal-Weight and set a new price target of $14.00 from $16.00 previously
Credit Suisse Group reiterated coverage of PBF Logistics with a rating of Neutral and set a new price target of $13.50 from $11.50 previously
Credit Suisse Group resumed coverage of PBF Logistics with a rating of Neutral
PBF Logistics (NYSE:PBFX) reported quarterly earnings of $0.56 per share. This is a 6.67 percent decrease over earnings of $0.60 per share from the same period last year. The company reported quarterly sales of $89.57 million which missed the analyst consensus estimate of $90.69 million by 1.23 percent. This is a 0.81 percent increase over sales of $88.85 million the same period last year.
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What Defines a Value Stock? A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. Benzinga Insights has compiled a list of value stocks in the energy sector that may be worth watching: Earthstone Energy (NYSE:ESTE) - P/E: 6.53 SilverBow Resources (NYSE:SBOW) - P/E: 6.44 TransGlobe Energy (NASDAQ:TGA) - P/E: 2.07 PBF Logistics (NYSE:PBFX) - P/E: 7.85 Epsilon Energy (NASDAQ:EPSN) - P/E: 6.99 This quarter, Earthstone Energy experienced an increase in earnings per share, which was $0.78 in