Shares of Delek Logistics Partners, LP (NYSE:DKL) have been assigned an average rating of “Hold” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $26.00.
Several research analysts have recently commented on DKL shares. Zacks Investment Research lowered Delek Logistics Partners from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 5th. Credit Suisse Group cut their target price on Delek Logistics Partners from $35.00 to $30.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 11th. Finally, BidaskClub raised Delek Logistics Partners from a “hold” rating to a “buy” rating in a research note on Saturday, December 12th.
In other news, Director Francis C. D’andrea sold 914 shares of the firm’s stock in a transaction on Friday, December 11th. The shares were sold at an average price of $30.90, for a total value of $28,242.60. Following the sale, the director now owns 12,505 shares in the company, valued at $386,404.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of DKL traded down $0.44 during trading hours on Wednesday, reaching $35.09. 33,941 shares of the company traded hands, compared to its average volume of 66,093. The stock has a fifty day simple moving average of $31.05 and a 200 day simple moving average of $29.21. Delek Logistics Partners has a fifty-two week low of $5.51 and a fifty-two week high of $35.88. The stock has a market capitalization of $1.05 billion, a PE ratio of 9.43 and a beta of 2.97.
Delek Logistics Partners (NYSE:DKL) last released its quarterly earnings data on Wednesday, November 4th. The oil and gas producer reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.34. The company had revenue of $142.27 million for the quarter, compared to the consensus estimate of $125.42 million. Delek Logistics Partners had a negative return on equity of 135.52% and a net margin of 23.23%. On average, equities analysts forecast that Delek Logistics Partners will post 4.25 EPS for the current fiscal year.
Delek Logistics Partners Company Profile
Delek Logistics Partners, LP owns and operates logistics and marketing assets for crude oil, and intermediate and refined products in the United States. It operates in two segments, Pipelines and Transportation, and Wholesale Marketing and Terminalling. The Pipelines and Transportation segment includes pipelines, trucks, and ancillary assets that provide crude oil gathering, crude oil intermediate and finished products transportation, and storage services primarily in support of the Tyler, El Dorado, and Big Spring refineries, as well as offers crude oil and other products transportation services to third parties.
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