Delek Logistics Partners (DKL) to Release Quarterly Earnings on Tuesday

Delek Logistics Partners (NYSE:DKL - Get Free Report) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, May 7th. Analysts expect Delek Logistics Partners to post earnings of $0.73 per share for the quarter. Parties that wish to listen to the company's conference call can do so using this link.

Delek Logistics Partners (NYSE:DKL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 27th. The oil and gas producer reported $0.85 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.85. Delek Logistics Partners had a net margin of 12.37% and a negative return on equity of 102.99%. The firm had revenue of $254.15 million for the quarter, compared to analyst estimates of $272.51 million. On average, analysts expect Delek Logistics Partners to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Delek Logistics Partners Stock Performance

NYSE DKL traded down $0.14 during trading hours on Tuesday, hitting $39.49. 120,347 shares of the company traded hands, compared to its average volume of 73,731. The business's 50-day moving average is $40.83 and its 200-day moving average is $44.16. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 13.62 and a beta of 2.07. Delek Logistics Partners has a twelve month low of $36.50 and a twelve month high of $58.81.

Delek Logistics Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 8th will be issued a $1.025 dividend. This represents a $4.10 annualized dividend and a dividend yield of 10.38%. The ex-dividend date of this dividend is Tuesday, May 7th. This is an increase from Delek Logistics Partners's previous quarterly dividend of $0.25. Delek Logistics Partners's dividend payout ratio is presently 145.52%.

Analyst Ratings Changes

DKL has been the topic of a number of recent analyst reports. Raymond James upgraded shares of Delek Logistics Partners from a "market perform" rating to an "outperform" rating and set a $45.00 target price on the stock in a report on Tuesday, March 19th. Truist Financial initiated coverage on shares of Delek Logistics Partners in a research note on Friday, April 19th. They set a "buy" rating and a $46.00 price objective on the stock. Finally, StockNews.com upgraded shares of Delek Logistics Partners from a "hold" rating to a "buy" rating in a research note on Tuesday, April 9th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $45.33.

Delek Logistics Partners Company Profile

Delek Logistics Partners, LP provides gathering, pipeline, transportation, and other services for crude oil, intermediates, refined products, natural gas, storage, wholesale marketing, terminalling water disposal and recycling customers in the United States. The Gathering and Processing segment consists of pipelines, tanks, and offloading facilities that provide crude oil and natural gas gathering and processing, water disposal and recycling, and storage services, as well as crude oil transportation services to third parties.