The Oil & Gas Journal, first published in 1902, is the world's most widely read petroleum industry publication. OGJ delivers international oil and gas industry news; analysis of issues and events; practical technology for design, operation, and maintenance of oil and gas operations; and important statistics on energy markets and industry activity.

OGJ is edited to meet the needs of engineers, geoscientists, managers, and executives throughout the oil and gas industry. It is part of Endeavor Business Media, Nashville, Tenn., which also publishes Offshore Magazine.

Endeavor Business Media’s Petroleum Group also produces targeted e-Newsletters; hosts global conferences and exhibitions, seminars, and forums; and publishes directories, technical books, print and electronic databases, surveys, and maps.

Additional Information

Website & Technical Help

For help with subscription purchases or refunds, or trouble logging into the paid subscription content on www.ogj.com, please contact Customer Service at [email protected] or call 1-847-559-7598.

For more customer service information, please click here.

Why Pitney Bowes (PBI) Stock Is Up Today

PBI Cover Image

What Happened?

Shares of shipping and mailing solutions provider Pitney Bowes (NYSE: PBI) jumped 9.9% in the afternoon session after the company appointed sitting director Kurt Wolf as its Chief Executive Officer. 

It also announced a $150 million share buyback program, given its strong cash flow outlook, and was exploring ways to raise its dividends. 

Management also provided some color on the strength of the balance sheet noting that the business was on track to achieve its 3.0x adjusted leverage ratio target by the end of the second quarter, a quarter sooner than previously announced and without needing to retire additional debt. 

As a reminder, a stock buyback reduces the number of outstanding shares, ensuring that more profits accrue to existing shareholders.

Is now the time to buy Pitney Bowes? Access our full analysis report here, it’s free.

What The Market Is Telling Us

Pitney Bowes’s shares are very volatile and have had 20 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

Pitney Bowes is up 37.6% since the beginning of the year, and at $9.94 per share, it is trading close to its 52-week high of $10.86 from February 2025. Investors who bought $1,000 worth of Pitney Bowes’s shares 5 years ago would now be looking at an investment worth $4,246.

Do you want to know what moves the business you care about? Add them to your StockStory watchlist and every time a stock significantly moves, we provide you with a timely explanation straight to your inbox. It’s free and will only take you a second.

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.