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NYSE:DKL

Delek Logistics Partners Stock Forecast, Price & News

$48.95
+0.25 (+0.51%)
(As of 07/1/2022 03:13 PM ET)
Add
Compare
Today's Range
$48.50
$49.76
50-Day Range
$43.50
$57.66
52-Week Range
$36.56
$58.55
Volume
143 shs
Average Volume
63,406 shs
Market Capitalization
$2.13 billion
P/E Ratio
12.65
Dividend Yield
7.88%
Price Target
$46.00
30 days | 90 days | 365 days | Advanced Chart

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DKL Stock Forecast (MarketRank)

Overall MarketRank

2.29 out of 5 stars

Oils/Energy Sector

131st out of 391 stocks

Pipelines, Except Natural Gas Industry

8th out of 21 stocks

Analyst Opinion: 1.0Community Rank: 4.0Dividend Strength: 3.3Insider Behavior: 0.0Valuation: 3.1 5 -4 -3 -2 -1 -
Delek Logistics Partners logo

About Delek Logistics Partners (NYSE:DKL)

Delek Logistics Partners, LP owns and operates logistics and marketing assets for crude oil, and intermediate and refined products in the United States. It operates through three segments: Pipelines and Transportation, Wholesale Marketing and Terminalling, and Investment in Pipeline Joint Ventures. The Pipelines and Transportation segment includes pipelines, trucks, and ancillary assets that provide crude oil gathering, crude oil intermediate and refined products transportation, and storage services primarily in support of the Tyler, El Dorado, and Big Spring refineries, as well as offers crude oil and other products transportation services to third parties. This segment operates approximately 400 miles of crude oil transportation pipelines; 450 miles of refined product pipelines; and approximately 900 miles of crude oil gathering, and intermediate and refined products storage tanks with an aggregate of approximately 10.2 million barrels of active shell capacity. The Wholesale Marketing and Terminalling segment provides wholesale marketing, transporting, storage, and terminalling services related to refined products to independent third parties. The Investments in Pipeline Joint Ventures Segment owns a portion of three joint ventures that have constructed separate crude oil pipeline systems and related ancillary assets, which serves third parties and subsidiaries. Delek Logistics GP, LLC serves as the general partner of the company. Delek Logistics Partners, LP was incorporated in 2012 and is headquartered in Brentwood, Tennessee. Delek Logistics Partners, LP is a subsidiary of Delek US Holdings, Inc.

DKL Stock News Headlines

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Industry, Sector and Symbol

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

Company Calendar

Last Earnings
5/03/2022
Ex-Dividend for 5/12 Dividend
5/04/2022
Dividend Payable
5/12/2022
Today
7/01/2022
Next Earnings (Estimated)
8/02/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$46.00
High Stock Price Forecast
$46.00
Low Stock Price Forecast
$46.00
Forecasted Upside/Downside
-6.0%
Consensus Rating
Hold
Rating Score (0-4)
2
Research Coverage
1 Analysts

Profitability

Net Income
$164.82 million
Pretax Margin
22.28%

Debt

Sales & Book Value

Annual Sales
$700.90 million
Cash Flow
$4.94 per share
Book Value
($2.39) per share

Miscellaneous

Free Float
43,039,000
Market Cap
$2.13 billion
Optionable
Optionable
Beta
2.44














Delek Logistics Partners Frequently Asked Questions

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

1 Wall Street 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 analysts is that investors should "hold" Delek Logistics Partners stock. 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 analyst ratings for Delek Logistics Partners
or view top-rated stocks.

What is Delek Logistics Partners' stock price forecast for 2022?

1 analysts have issued 12-month price targets for Delek Logistics Partners' stock. Their DKL stock forecasts range from $46.00 to $46.00. On average, they expect Delek Logistics Partners' stock price to reach $46.00 in the next twelve months. This suggests that the stock has a possible downside of 6.0%.
View analysts' price targets for Delek Logistics Partners
or view top-rated stocks among Wall Street analysts.

How has Delek Logistics Partners' stock performed in 2022?

Delek Logistics Partners' stock was trading at $42.73 at the beginning of 2022. Since then, DKL stock has increased by 14.6% and is now trading at $48.95.
View the best growth stocks for 2022 here
.

Are investors shorting Delek Logistics Partners?

Delek Logistics Partners saw a decrease in short interest during the month of June. As of June 15th, there was short interest totaling 150,100 shares, a decrease of 27.9% from the May 31st total of 208,300 shares. Based on an average daily trading volume, of 67,400 shares, the short-interest ratio is currently 2.2 days. Approximately 1.8% of the company's shares are sold short.
View Delek Logistics Partners' Short Interest
.

When is Delek Logistics Partners' next earnings date?

Delek Logistics Partners is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022.
View our earnings forecast for Delek Logistics Partners
.

How were Delek Logistics Partners' earnings last quarter?

Delek Logistics Partners, LP (NYSE:DKL) announced its earnings results on Tuesday, May, 3rd. The oil and gas producer reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.02. The oil and gas producer earned $206.58 million during the quarter, compared to analysts' expectations of $187.14 million. Delek Logistics Partners had a net margin of 22.27% and a negative trailing twelve-month return on equity of 158.89%. During the same period last year, the business posted $0.83 EPS.
View Delek Logistics Partners' earnings history
.

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

Delek Logistics Partners announced a quarterly dividend on Monday, April 25th. Stockholders of record on Thursday, May 5th will be paid a dividend of $0.98 per share on Thursday, May 12th. This represents a $3.92 annualized dividend and a dividend yield of 8.01%. The ex-dividend date of this dividend is Wednesday, May 4th. This is an increase from Delek Logistics Partners's previous quarterly dividend of $0.98.
View Delek Logistics Partners' dividend history
.

Is Delek Logistics Partners a good dividend stock?

Delek Logistics Partners(NYSE:DKL) pays an annual dividend of $3.92 per share and currently has a dividend yield of 7.88%. DKL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Delek Logistics Partners has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of Delek Logistics Partners is 101.29%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Delek Logistics Partners will have a dividend payout ratio of 56.00% next year. This indicates that Delek Logistics Partners will be able to sustain or increase its dividend.
View Delek Logistics Partners' dividend history.

Who are Delek Logistics Partners' key executives?

Delek Logistics Partners' management team includes the following people:
  • Mr. Reuven Avraham Spiegel, Exec. VP, CFO & Director of Delek Logistics GP LLC (Age 66)
  • Ms. Denise Clark McWatters, Exec. VP, Gen. Counsel & Sec. of Delek Logistics GP LLC (Age 62)
  • Mr. Odely Sakazi, Sr. VP of Delek Logistics GP LLC (Age 38, Pay $298.6k)
  • Mr. Avigal Soreq, Pres, CEO & Director of Delek Logistics GP, LLC (Age 44)
  • Mr. Todd O'Malley, Chief Operating Officer of Delek Logistics GP, LLC (Age 48)
  • Mr. Robert Wright, Sr. VP & Chief Accounting Officer of Delek Logistics GP, LLC (Age 38)
  • Keith Johnson, VP of Investor Relations of Delek Logistics GP, LLC
  • Mr. Blake Michael Fernandez, Sr. VP of Investor Relations & Market Intelligence of Delek Logistics GP LLC
  • Mr. Michael P. Ralsky, VP of Gov. Affairs, Public Affairs & Communications for Delek Logistics GP, LLC
  • Mr. Jared Paul Serff, Exec. VP of Delek Logistics GP LLC (Age 54)

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."

How do I buy shares of Delek Logistics Partners?

Shares of DKL 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 $48.95.

How much money does Delek Logistics Partners make?

Delek Logistics Partners (NYSE:DKL) has a market capitalization of $2.13 billion and generates $700.90 million in revenue each year. The oil and gas producer earns $164.82 million in net income (profit) each year or $3.869990 on an earnings per share basis.

How many employees does Delek Logistics Partners have?

Delek Logistics Partners 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 Delek Logistics Partners is www.deleklogistics.com. The oil and gas producer can be reached via phone at (615) 771-6701 or via email at [email protected].

This page (NYSE:DKL) was last updated on 7/1/2022 by MarketBeat.com Staff

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