Head to Head Contrast: EnLink Midstream Partners, (ENLK) and PBF Logistics (PBFX)
EnLink Midstream Partners, (NYSE: ENLK) and PBF Logistics (NYSE:PBFX) are both oils/energy companies, but which is the superior business? We will compare the two businesses based on the strength of their valuation, profitability, earnings, dividends, institutional ownership, analyst recommendations and risk.
EnLink Midstream Partners, pays an annual dividend of $1.56 per share and has a dividend yield of 9.7%. PBF Logistics pays an annual dividend of $1.88 per share and has a dividend yield of 8.9%. EnLink Midstream Partners, pays out -650.0% of its earnings in the form of a dividend. PBF Logistics pays out 89.1% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. EnLink Midstream Partners, has increased its dividend for 2 consecutive years and PBF Logistics has increased its dividend for 2 consecutive years. EnLink Midstream Partners, is clearly the better dividend stock, given its higher yield and lower payout ratio.
This is a breakdown of current ratings and target prices for EnLink Midstream Partners, and PBF Logistics, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|EnLink Midstream Partners,||0||3||3||0||2.50|
EnLink Midstream Partners, currently has a consensus target price of $18.20, indicating a potential upside of 12.69%. PBF Logistics has a consensus target price of $24.00, indicating a potential upside of 14.01%. Given PBF Logistics’ higher probable upside, analysts clearly believe PBF Logistics is more favorable than EnLink Midstream Partners,.
This table compares EnLink Midstream Partners, and PBF Logistics’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|EnLink Midstream Partners,||0.67%||1.13%||0.47%|
Risk & Volatility
EnLink Midstream Partners, has a beta of 2.05, indicating that its stock price is 105% more volatile than the S&P 500. Comparatively, PBF Logistics has a beta of 1.32, indicating that its stock price is 32% more volatile than the S&P 500.
Valuation & Earnings
This table compares EnLink Midstream Partners, and PBF Logistics’ gross revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Price/Sales Ratio||EBITDA||Earnings Per Share||Price/Earnings Ratio|
|EnLink Midstream Partners,||$4.92 billion||1.14||$754.70 million||($0.24)||-67.29|
|PBF Logistics||$232.93 million||3.79||$156.03 million||$2.11||9.98|
EnLink Midstream Partners, has higher revenue and earnings than PBF Logistics. EnLink Midstream Partners, is trading at a lower price-to-earnings ratio than PBF Logistics, indicating that it is currently the more affordable of the two stocks.
Insider and Institutional Ownership
40.7% of EnLink Midstream Partners, shares are owned by institutional investors. Comparatively, 42.5% of PBF Logistics shares are owned by institutional investors. 0.2% of EnLink Midstream Partners, shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.
EnLink Midstream Partners, beats PBF Logistics on 8 of the 15 factors compared between the two stocks.
EnLink Midstream Partners, Company Profile
EnLink Midstream Partners, LP is a midstream company. The Company’s business activities are conducted through its subsidiary, EnLink Midstream Operating, LP (the Operating Partnership) and the subsidiaries of the Operating Partnership. The Company operates through five segments: Texas, Oklahoma, Louisiana, Crude and Condensate, and Corporate. The Company focuses on providing midstream energy services, including gathering, processing, transmission, fractionation, storage, condensate stabilization, brine services and marketing to producers of natural gas, natural gas liquids (NGLs), crude oil and condensate. As of December 31, 2016, its midstream energy asset network included approximately 11,000 miles of pipelines, 20 natural gas processing plants, seven fractionators, barge and rail terminals, product storage facilities, purchasing and marketing capabilities, brine disposal wells, a crude oil trucking fleet, and equity investments in certain private midstream companies.
PBF Logistics Company Profile
PBF Logistics LP 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 segments: Transportation and Terminaling, and Storage. The Transportation and Terminaling segment consists of various assets, including Delaware City Rail Unloading Terminal (DCR Rail Terminal), Toledo Truck Unloading Terminal (Toledo Truck Terminal), Delaware City West Heavy Unloading Rack (the DCR West Rack), East Coast Terminals and Torrance Valley Pipeline. The Storage Segment includes the Toledo Storage Facility, excluding the propane truck loading facility. The storage facility at its Toledo Storage Facility consisted of 30 tanks for storing crude oil, refined products and intermediates, as of December 31, 2016. PBF Logistics GP LLC (PBF GP) is its general partner. PBF GP is owned by PBF Energy Company LLC (PBF LLC).
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