Arc Logistic Partners LP (NYSE:ARCX) declared a quarterly dividend on Friday, October 27th, Wall Street Journal reports. Investors of record on Wednesday, November 8th will be paid a dividend of 0.44 per share by the pipeline company on Wednesday, November 15th. This represents a $1.76 dividend on an annualized basis and a yield of 10.62%. The ex-dividend date is Tuesday, November 7th.

Arc Logistic Partners has a dividend payout ratio of 258.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Arc Logistic Partners to earn $0.80 per share next year, which means the company may not be able to cover its $1.76 annual dividend with an expected future payout ratio of 220.0%.

Shares of Arc Logistic Partners (NYSE:ARCX) traded up 0.06% during trading on Friday, reaching $16.57. 187,929 shares of the company were exchanged. The firm has a market cap of $323.86 million, a price-to-earnings ratio of 27.25 and a beta of 0.81. Arc Logistic Partners has a 52-week low of $12.86 and a 52-week high of $17.40. The stock’s 50-day moving average is $16.66 and its 200-day moving average is $15.28.

Arc Logistic Partners (NYSE:ARCX) last posted its quarterly earnings results on Tuesday, August 8th. The pipeline company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). The company had revenue of $26.59 million during the quarter, compared to analyst estimates of $26.71 million. Arc Logistic Partners had a return on equity of 4.10% and a net margin of 13.28%. Equities research analysts predict that Arc Logistic Partners will post $0.68 earnings per share for the current fiscal year.

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ARCX has been the subject of a number of research reports. Zacks Investment Research cut shares of Arc Logistic Partners from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. BidaskClub cut shares of Arc Logistic Partners from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. Stifel Nicolaus upgraded shares of Arc Logistic Partners from a “hold” rating to a “buy” rating and raised their price target for the stock from $13.00 to $18.00 in a report on Wednesday, August 9th. Finally, SunTrust Banks, Inc. cut shares of Arc Logistic Partners from a “buy” rating to a “hold” rating and raised their price target for the stock from $15.00 to $16.50 in a report on Wednesday, August 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $18.33.

Arc Logistic Partners Company Profile

Arc Logistics Partners LP owns, operates, develops and acquires a portfolio of energy logistics assets. The Company is engaged in the terminaling, storage, throughput and transloading of crude oil and petroleum products. The Company is focused on growing its business through the optimization, organic development and acquisition of terminaling, storage, rail, pipeline and other energy logistics assets.

Dividend History for Arc Logistic Partners (NYSE:ARCX)

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