Delek Logistics Partners, L.P. (NYSE:DKL) Receiving Somewhat Positive Press Coverage, Study Finds
Headlines about Delek Logistics Partners, L.P. (NYSE:DKL) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Delek Logistics Partners, L.P. earned a news impact score of 0.14 on Accern’s scale. Accern also assigned news headlines about the oil and gas producer an impact score of 47.2966401938269 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the headlines that may have impacted Accern’s rankings:
- Delek Logistics Partners, LP to Participate in the Goldman Sachs Power, Utilities, MLPs and Pipeline Conference (finance.yahoo.com)
- Delek Logistics Partners, L.P. (DKL) Raised to “Hold” at Zacks Investment Research (americanbankingnews.com)
- 10-Q: DELEK LOGISTICS PARTNERS, LP (marketwatch.com)
- Delek Logistics Partners, L.P. (DKL) Price Target Lowered to $34.00 at Barclays PLC (americanbankingnews.com)
Delek Logistics Partners, L.P. (NYSE DKL) traded up 0.67% during mid-day trading on Friday, hitting $30.15. The company had a trading volume of 100,882 shares. Delek Logistics Partners, L.P. has a 52 week low of $21.30 and a 52 week high of $36.05. The company has a market capitalization of $734.48 million, a price-to-earnings ratio of 15.89 and a beta of 1.29. The firm’s 50 day moving average is $32.84 and its 200 day moving average is $32.01.
Delek Logistics Partners, L.P. (NYSE:DKL) last posted its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.59 EPS for the quarter, missing the Zacks’ consensus estimate of $0.68 by $0.09. The business had revenue of $126.80 million for the quarter, compared to the consensus estimate of $140 million. Delek Logistics Partners, L.P. had a net margin of 12.70% and a negative return on equity of 368.38%. Delek Logistics Partners, L.P.’s revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.66 earnings per share. On average, equities research analysts predict that Delek Logistics Partners, L.P. will post $2.30 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 11th. Shareholders of record on Friday, August 4th were issued a dividend of $0.705 per share. The ex-dividend date of this dividend was Wednesday, August 2nd. This is a boost from Delek Logistics Partners, L.P.’s previous quarterly dividend of $0.69. This represents a $2.82 dividend on an annualized basis and a yield of 9.35%. Delek Logistics Partners, L.P.’s dividend payout ratio (DPR) is currently 148.42%.
Several brokerages have issued reports on DKL. BidaskClub lowered Delek Logistics Partners, L.P. from a “hold” rating to a “sell” rating in a research note on Friday. Zacks Investment Research upgraded Delek Logistics Partners, L.P. from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Barclays PLC reiterated an “equal weight” rating and set a $34.00 price objective (down from $35.00) on shares of Delek Logistics Partners, L.P. in a research note on Friday, August 4th. Finally, Scotiabank set a $33.00 price objective on Delek Logistics Partners, L.P. and gave the company a “hold” rating in a research note on Saturday, July 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $34.00.
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In other Delek Logistics Partners, L.P. news, major shareholder Delek Us Holdings, Inc. purchased 5,019 shares of the firm’s stock in a transaction on Thursday, May 18th. The shares were acquired at an average cost of $30.99 per share, with a total value of $155,538.81. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have acquired 32,760 shares of company stock worth $1,014,607.
Delek Logistics Partners, L.P. Company Profile
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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