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S&P 500   4,179.83
DOW   32,908.27
QQQ   347.99
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DOW   32,908.27
QQQ   347.99
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NYSE:DKL

Delek Logistics Partners (DKL) Stock Forecast, Price & News

$53.75
-2.12 (-3.79%)
(As of 05/31/2023 ET)
Compare
Today's Range
$52.31
$55.84
50-Day Range
$41.95
$55.97
52-Week Range
$41.80
$64.46
Volume
152,832 shs
Average Volume
37,657 shs
Market Capitalization
$2.34 billion
P/E Ratio
14.89
Dividend Yield
7.63%
Price Target
$48.00

Delek Logistics Partners MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
10.7% Downside
$48.00 Price Target
Short Interest
Healthy
4.55% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
26.65%
From $3.79 to $4.80 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.04 out of 5 stars

Oils/Energy Sector

201st out of 249 stocks

Pipelines, Except Natural Gas Industry

9th out of 11 stocks


DKL stock logo

About Delek Logistics Partners (NYSE:DKL) Stock

Delek Logistics Partners LP owns and operates logistics and marketing assets for crude oil, intermediate, and refined products. The firm gathers, transports, and stores crude oil. It also markets, distributes, transports, and stores refined products. It operates through the following segments: Pipelines and Transportation, Wholesale Marketing and Terminalling, and Investments in Pipeline Joint Ventures. The Pipelines and Transportation segment consists of crude oil transportation pipelines, refined product pipelines, crude oil gathering system, and associated crude oil storage tanks. The Wholesale Marketing and Terminalling segment provides marketing services for refined products output of the Tyler Refinery and the Big Spring Refinery. It also engages in wholesale activity at the Abilene and San Angelo, Texas terminals, as well as at terminals owned by third parties, whereby the firm purchases light products for sale and exchange to third parties. It is also involved in providing terminalling services to independent third parties and Delek Holdings. The Investments in Pipeline Joint Ventures segment owns a portion of three joint ventures that have constructed separate crude oil pi

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DKL Stock News Headlines

Delek Logistics (DKL) Gets a Hold from Citi
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Delek Logistics Partners (NYSE:DKL) Shares Gap Up to $48.58
Delek Logistics Partners (NYSE:DKL) Sees Strong Trading Volume
Preview: Delek Logistics Partners's Earnings
See More Headlines
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DKL Company Calendar

Ex-Dividend for 5/15 Dividend
5/05/2023
Last Earnings
5/08/2023
Dividend Payable
5/15/2023
Today
5/31/2023
Next Earnings (Estimated)
8/03/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Pipelines, except natural gas
Sub-Industry
N/A
Fax
N/A
Employees
2,020
Year Founded
2012

Price Target and Rating

Average Stock Price Forecast
$48.00
High Stock Price Forecast
$48.00
Low Stock Price Forecast
$48.00
Forecasted Upside/Downside
-9.5%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$159.05 million
Pretax Margin
14.67%

Debt

Sales & Book Value

Annual Sales
$1.04 billion
Cash Flow
$5.09 per share
Book Value
($2.69) per share

Miscellaneous

Free Float
43,139,000
Market Cap
$2.31 billion
Optionable
Optionable
Beta
2.14

Social Links


Key Executives

  • Avigal Soreq
    President, Chief Executive Officer & Director
  • Joseph Israel
    Executive Vice President-Operations
  • Reuven SpiegelReuven Spiegel
    Chief Financial Officer, Director & Executive VP
  • Denise Clark McWatters
    Secretary, Executive VP & General Counsel
  • Robert Wright
    Chief Accounting Officer & Senior VP













DKL Stock - Frequently Asked Questions

Should I buy or sell Delek Logistics Partners stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Delek Logistics Partners in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" DKL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DKL, but not buy additional shares or sell existing shares.
View DKL analyst ratings
or view top-rated stocks.

What is Delek Logistics Partners' stock price forecast for 2023?

1 brokerages have issued 1-year target prices for Delek Logistics Partners' shares. Their DKL share price forecasts range from $48.00 to $48.00. On average, they expect the company's stock price to reach $48.00 in the next twelve months. This suggests that the stock has a possible downside of 9.5%.
View analysts price targets for DKL
or view top-rated stocks among Wall Street analysts.

How have DKL shares performed in 2023?

Delek Logistics Partners' stock was trading at $45.25 at the beginning of the year. Since then, DKL stock has increased by 17.2% and is now trading at $53.03.
View the best growth stocks for 2023 here
.

Are investors shorting Delek Logistics Partners?

Delek Logistics Partners saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 399,700 shares, a decline of 5.6% from the April 30th total of 423,400 shares. Based on an average daily trading volume, of 34,700 shares, the short-interest ratio is currently 11.5 days. Currently, 4.6% of the company's shares are sold short.
View Delek Logistics Partners' Short Interest
.

When is Delek Logistics Partners' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our DKL earnings forecast
.

How were Delek Logistics Partners' earnings last quarter?

Delek Logistics Partners, LP (NYSE:DKL) announced its quarterly earnings data on Monday, May, 8th. The oil and gas producer reported $0.86 earnings per share for the quarter, missing the consensus estimate of $1.11 by $0.25. The oil and gas producer earned $243.53 million during the quarter, compared to the consensus estimate of $273.79 million. Delek Logistics Partners had a negative trailing twelve-month return on equity of 136.79% and a net margin of 14.62%. During the same quarter in the prior year, the firm posted $0.91 earnings per share.

How often does Delek Logistics Partners pay dividends? What is the dividend yield for Delek Logistics Partners?

Delek Logistics Partners declared a quarterly dividend on Friday, April 28th. Stockholders of record on Monday, May 8th will be paid a dividend of $1.025 per share on Monday, May 15th. This represents a $4.10 dividend on an annualized basis and a dividend yield of 7.73%. The ex-dividend date is Friday, May 5th. This is a positive change from the stock's previous quarterly dividend of $0.73.
Read our dividend analysis for DKL
.

Is Delek Logistics Partners a good dividend stock?

Delek Logistics Partners (NYSE:DKL) pays an annual dividend of $4.10 per share and currently has a dividend yield of 7.41%. DKL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 113.57%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, DKL will have a dividend payout ratio of 85.42% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for DKL.

What other stocks do shareholders of Delek Logistics Partners own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Delek Logistics Partners investors own include Energy Transfer (ET), Enterprise Products Partners (EPD), AT&T (T), NGL Energy Partners (NGL), Ares Capital (ARCC), New Residential Investment (NRZ), Höegh LNG Partners (HMLP), Annaly Capital Management (NLY), GasLog Partners (GLOP) and PBF Logistics (PBFX).

What is Delek Logistics Partners' stock symbol?

Delek Logistics Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "DKL."

Who are Delek Logistics Partners' major shareholders?

Delek Logistics Partners' stock is owned by a variety of retail and institutional investors. Top institutional investors include Mirae Asset Global Investments Co. Ltd. (3.40%), JPMorgan Chase & Co. (0.41%), Infrastructure Capital Advisors LLC (0.18%), First Trust Advisors LP (0.16%), UBS Group AG (0.13%) and Raymond James & Associates (0.09%). Insiders that own company stock include Charles J Brown III, Ezra Uzi Yemin, Francis C D'andrea, Francis C D'andrea, Nilah Staskus and Reuven Spiegel.
View institutional ownership trends
.

How do I buy shares of Delek Logistics Partners?

Shares of DKL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Delek Logistics Partners' stock price today?

One share of DKL stock can currently be purchased for approximately $53.03.

How much money does Delek Logistics Partners make?

Delek Logistics Partners (NYSE:DKL) has a market capitalization of $2.31 billion and generates $1.04 billion in revenue each year. The oil and gas producer earns $159.05 million in net income (profit) each year or $3.61 on an earnings per share basis.

How many employees does Delek Logistics Partners have?

The company employs 2,020 workers across the globe.

How can I contact Delek Logistics Partners?

Delek Logistics Partners' mailing address is 7102 COMMERCE WAY, BRENTWOOD TN, 37027. The official website for the company is www.deleklogistics.com. The oil and gas producer can be reached via phone at (615) 771-6701 or via email at dklir@deleklogistics.com.

This page (NYSE:DKL) was last updated on 6/1/2023 by MarketBeat.com Staff

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