Several analysts have recently updated their ratings and price targets for Delek Logistics Partners, L.P. (NYSE: DKL):
- 7/28/2017 - Delek Logistics Partners, L.P. was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
- 7/24/2017 - Delek Logistics Partners, L.P. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Delek Logistics Partners, LP owns, operates, acquires and constructs crude oil and refined products logistics and marketing assets. The company operates crude oil transportation pipelines, refined product pipelines, crude oil gathering system, and associated crude oil storage tanks. It also provides marketing services for refined products other than jet fuel and petroleum coke; and light products, operates light product terminals in Texas and Tennessee and offers terminalling services to independent third parties. Delek Logistics Partners, LP is headquartered in Brentwood, Tennessee. “
- 7/22/2017 - Delek Logistics Partners, L.P. was given a new $33.00 price target on by analysts at Scotiabank. They now have a “hold” rating on the stock.
- 7/13/2017 - Delek Logistics Partners, L.P. was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
- 7/5/2017 - Delek Logistics Partners, L.P. had its “equal weight” rating reaffirmed by analysts at Barclays PLC. They now have a $33.00 price target on the stock.
Shares of Delek Logistics Partners, L.P. (NYSE DKL) opened at 34.95 on Tuesday. Delek Logistics Partners, L.P. has a one year low of $21.30 and a one year high of $36.05. The firm has a market cap of $850.26 million, a P/E ratio of 17.78 and a beta of 1.28. The firm’s 50-day moving average price is $32.88 and its 200 day moving average price is $32.08.
Delek Logistics Partners, L.P. (NYSE:DKL) last issued its quarterly earnings data on Monday, May 8th. The oil and gas producer reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.07. Delek Logistics Partners, L.P. had a negative return on equity of 446.17% and a net margin of 13.08%. The company had revenue of $129.50 million for the quarter, compared to the consensus estimate of $128.42 million. During the same period in the previous year, the firm earned $0.54 earnings per share. The company’s revenue was up 24.0% compared to the same quarter last year. Analysts predict that Delek Logistics Partners, L.P. will post $2.42 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 11th. Stockholders of record on Friday, August 4th will be paid a dividend of $0.705 per share. This is a boost from Delek Logistics Partners, L.P.’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $2.82 dividend on an annualized basis and a dividend yield of 8.07%. Delek Logistics Partners, L.P.’s dividend payout ratio is currently 140.10%.
In other Delek Logistics Partners, L.P. news, major shareholder Delek Us Holdings, Inc. bought 11,648 shares of the business’s stock in a transaction dated Wednesday, May 3rd. The shares were purchased at an average price of $32.51 per share, with a total value of $378,676.48. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have bought 62,090 shares of company stock worth $1,928,304.
Delek Logistics Partners, LP owns and operates logistics and marketing assets for crude oil, and intermediate and refined products. The Company’s business primarily consists of certain crude oil, intermediate and refined products pipelines and transportation, storage, wholesale marketing, terminaling and offloading assets, which were previously owned, operated or held by Delek US Holdings, Inc (Delek), and assets acquired from unrelated third parties.
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