Delek Logistics Partners, L.P. (DKL) Given News Sentiment Score of 0.23
Media headlines about Delek Logistics Partners, L.P. (NYSE:DKL) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Delek Logistics Partners, L.P. earned a news sentiment score of 0.23 on Accern’s scale. Accern also gave media stories about the oil and gas producer an impact score of 46.4059148076383 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Delek Logistics Partners, L.P. (NYSE:DKL) opened at 30.45 on Thursday. The company has a market cap of $741.79 million, a PE ratio of 16.05 and a beta of 1.29. The firm’s 50-day moving average price is $32.22 and its 200 day moving average price is $31.67. Delek Logistics Partners, L.P. has a 52-week low of $21.30 and a 52-week high of $36.05.
Delek Logistics Partners, L.P. (NYSE:DKL) last released its earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by $0.09. The company had revenue of $126.80 million for the quarter, compared to analysts’ expectations 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 for the quarter was up 13.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 earnings per share. On average, equities analysts predict that Delek Logistics Partners, L.P. will post $2.30 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, August 11th. Investors of record on Friday, August 4th were given a dividend of $0.705 per share. The ex-dividend date of this dividend was Wednesday, August 2nd. This is an increase from Delek Logistics Partners, L.P.’s previous quarterly dividend of $0.69. This represents a $2.82 annualized dividend and a yield of 9.26%. Delek Logistics Partners, L.P.’s payout ratio is 148.42%.
Several research firms have weighed in on DKL. BidaskClub cut Delek Logistics Partners, L.P. from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Zacks Investment Research upgraded Delek Logistics Partners, L.P. from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. Barclays PLC reiterated an “equal weight” rating and set a $34.00 price objective (down previously from $35.00) on shares of Delek Logistics Partners, L.P. in a research report on Friday, August 4th. Finally, Scotiabank set a $33.00 price objective on Delek Logistics Partners, L.P. and gave the stock a “hold” rating in a research report on Saturday, July 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $34.00.
In related news, major shareholder Delek Us Holdings, Inc. bought 2,901 shares of the stock in a transaction that occurred on Friday, June 2nd. The shares were bought at an average cost of $30.95 per share, for a total transaction of $89,785.95. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
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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