EnLink Midstream (NYSE: ENLC) and PBF Logistics (NYSE:PBFX) are both oils/energy companies, but which is the superior business? We will contrast the two companies based on the strength of their valuation, analyst recommendations, earnings, risk, institutional ownership, profitability and dividends.

Analyst Ratings

This is a summary of current ratings and recommmendations for EnLink Midstream and PBF Logistics, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
EnLink Midstream 2 8 0 0 1.80
PBF Logistics 0 1 0 0 2.00

EnLink Midstream presently has a consensus target price of $18.30, suggesting a potential upside of 11.59%. PBF Logistics has a consensus target price of $24.00, suggesting a potential upside of 14.56%. Given PBF Logistics’ stronger consensus rating and higher possible upside, analysts clearly believe PBF Logistics is more favorable than EnLink Midstream.

Earnings and Valuation

This table compares EnLink Midstream and PBF Logistics’ top-line revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio EBITDA Earnings Per Share Price/Earnings Ratio
EnLink Midstream $4.92 billion 0.60 $751.90 million N/A N/A
PBF Logistics $232.93 million 3.77 $156.03 million $2.11 9.93

EnLink Midstream has higher revenue and earnings than PBF Logistics.

Dividends

EnLink Midstream pays an annual dividend of $1.02 per share and has a dividend yield of 6.2%. PBF Logistics pays an annual dividend of $1.84 per share and has a dividend yield of 8.8%. PBF Logistics pays out 87.2% 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 has increased its dividend for 2 consecutive years and PBF Logistics has increased its dividend for 2 consecutive years.

Volatility and Risk

EnLink Midstream has a beta of 2.58, indicating that its stock price is 158% more volatile than the S&P 500. Comparatively, PBF Logistics has a beta of 1.34, indicating that its stock price is 34% more volatile than the S&P 500.

Profitability

This table compares EnLink Midstream and PBF Logistics’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
EnLink Midstream 0.02% 0.05% 0.02%
PBF Logistics 39.25% 62.40% 12.25%

Insider & Institutional Ownership

33.8% of EnLink Midstream shares are owned by institutional investors. Comparatively, 71.0% of PBF Logistics shares are owned by institutional investors. 1.2% of EnLink Midstream shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

Summary

PBF Logistics beats EnLink Midstream on 8 of the 14 factors compared between the two stocks.

About EnLink Midstream

EnLink Midstream, LLC is an integrated midstream company. The Company’s assets consist of equity interests in EnLink Midstream Partners, LP (the Partnership) and EnLink Oklahoma Gas Processing, LP (EnLink Oklahoma T.O.). The Partnership is engaged in the gathering, transmission, processing and marketing of natural gas and natural gas liquids (NGLs), condensate and crude oil, as well as providing crude oil, condensate and brine services to producers. EnLink Oklahoma T.O., a partnership owned by the Partnership and the Company, is engaged in the gathering and processing of natural gas. The Partnership’s segments include Texas, Oklahoma, Louisiana, Crude and Condensate, and Corporate. The Partnership connects the wells of producers in its market areas to its gathering systems, processes natural gas to remove NGLs, fractionates NGLs into purity products and markets those products for a fee, transports natural gas and provides natural gas to a range of markets.

About PBF Logistics

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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