Should You Buy PBF Logistics LP (PBFX) Stock After it Has Risen 16.10% in a Week?

Thursday, June 30, 2022 12:23 PM | InvestorsObserver Analysts

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Should You Buy PBF Logistics LP (PBFX) Stock After it Has Risen 16.10% in a Week?

PBF Logistics LP (PBFX) stock has gained 16.10% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

PBF Logistics LP has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PBFX!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With PBFX Stock Today?

PBF Logistics LP (PBFX) stock is flat 0% while the S&P 500 is lower by -0.68% as of 12:21 PM on Thursday, Jun 30. PBFX is unmoved $0.00 from the previous closing price of $15.50 on volume of 248,095 shares. Over the past year the S&P 500 has fallen -11.62% while PBFX has risen 5.23%. PBFX earned $2.42 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 6.41.

More About PBF Logistics LP

PBF Logistics LP is a limited partnership which 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 business segments namely Transportation and terminaling segment and Storage segment. The Transportation and terminaling segment which derives majority revenue consists of CR Rail Terminal, DCR West Rack, Toledo Truck Terminal and others. The Storage segment covers Toledo storage facility which consists of tanks for storing crude oil, refined products, and intermediates. Click Here to get the full Stock Report for PBF Logistics LP stock.