Media headlines about Delek Logistics Partners, L.P. (NYSE:DKL) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Delek Logistics Partners, L.P. earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned headlines about the oil and gas producer an impact score of 46.4486524530856 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
- Delek Logistics Partners LP – Value Analysis (NYSE:DKL) : August 17, 2017 (finance.yahoo.com)
- Delek Logistics Partners LP : to Participate in the Goldman Sachs Power, Utilities, MLPs and Pipeline Conference (4-traders.com)
- Delek Logistics Partners, LP to Participate in the Citi One-on-One MLP/Midstream Infrastructure Conference (finance.yahoo.com)
- Delek Logistics Partners, L.P. (DKL) Rating Lowered to Sell at BidaskClub (americanbankingnews.com)
A number of brokerages have issued reports on DKL. Zacks Investment Research raised Delek Logistics Partners, L.P. from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. BidaskClub lowered Delek Logistics Partners, L.P. from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Barclays PLC reissued an “equal weight” rating and issued a $34.00 price target (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 target on Delek Logistics Partners, L.P. and gave the stock a “hold” rating in a research note on Saturday, July 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $34.00.
Shares of Delek Logistics Partners, L.P. (DKL) traded up 2.21% during midday trading on Friday, hitting $30.00. The company had a trading volume of 22,599 shares. The firm has a market cap of $730.83 million, a price-to-earnings ratio of 15.81 and a beta of 1.29. Delek Logistics Partners, L.P. has a one year low of $21.30 and a one year high of $36.05. The company’s 50 day moving average is $32.60 and its 200 day moving average is $31.86.
Delek Logistics Partners, L.P. (NYSE:DKL) last released its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by $0.09. The company had revenue of $126.80 million for the quarter, compared to the consensus estimate of $140 million. Delek Logistics Partners, L.P. had a negative return on equity of 368.38% and a net margin of 12.70%. The business’s revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.66 EPS. Equities analysts forecast that Delek Logistics Partners, L.P. will post $2.30 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Friday, August 4th were paid a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a dividend yield of 9.40%. The ex-dividend date was Wednesday, August 2nd. This is an increase from Delek Logistics Partners, L.P.’s previous quarterly dividend of $0.69. Delek Logistics Partners, L.P.’s dividend payout ratio is 148.42%.
In related news, major shareholder Delek Us Holdings, Inc. purchased 6,588 shares of the firm’s stock in a transaction dated Thursday, May 25th. The stock was bought at an average price of $30.86 per share, for a total transaction of $203,305.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last quarter, insiders have bought 23,960 shares of company stock valued at $738,908.
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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