Somewhat Positive News Coverage Somewhat Unlikely to Affect Delek Logistics Partners, L.P. (DKL) Share Price
Press coverage about Delek Logistics Partners, L.P. (NYSE:DKL) has trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Delek Logistics Partners, L.P. earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave media stories about the oil and gas producer an impact score of 45.9371524072344 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Delek Logistics Partners, L.P. (NYSE DKL) traded up 1.54% during trading on Friday, hitting $29.75. 22,277 shares of the stock traded hands. Delek Logistics Partners, L.P. has a 52 week low of $21.30 and a 52 week high of $36.05. The stock has a market cap of $724.74 million, a P/E ratio of 15.68 and a beta of 1.31. The firm’s 50-day moving average is $30.43 and its 200 day moving average is $31.41.
Delek Logistics Partners, L.P. (NYSE:DKL) last announced its quarterly earnings data 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 firm had revenue of $126.80 million during the quarter, compared to analyst estimates of $140.00 million. Delek Logistics Partners, L.P. had a negative return on equity of 368.38% and a net margin of 12.70%. Delek Logistics Partners, L.P.’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.66 earnings per share. Equities research analysts forecast that Delek Logistics Partners, L.P. will post $2.30 earnings per share for the current fiscal year.
Several research firms have recently weighed in on DKL. Zacks Investment Research lowered shares of Delek Logistics Partners, L.P. from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Barclays PLC restated an “equal weight” rating and set a $33.00 price objective on shares of Delek Logistics Partners, L.P. in a research report on Wednesday, July 5th. BidaskClub lowered shares of Delek Logistics Partners, L.P. from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Scotiabank set a $33.00 price objective on shares of Delek Logistics Partners, L.P. and gave the company a “hold” rating in a research report on Saturday, July 22nd. Finally, ValuEngine lowered shares of Delek Logistics Partners, L.P. from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Delek Logistics Partners, L.P. has an average rating of “Hold” and an average price target of $34.00.
In related news, CEO Ezra Uzi Yemin bought 7,000 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was bought at an average cost of $29.70 per share, for a total transaction of $207,900.00. Following the transaction, the chief executive officer now owns 219,418 shares of the company’s stock, valued at $6,516,714.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
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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