NYSE:DKLDelek Logistics Partners Stock Price, Forecast & News

Delek Logistics Partners' stock was trading at $11.02 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, DKL shares have increased by 177.7% and is now trading at $30.60.
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3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Delek Logistics Partners in the last year. There are currently 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold."
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Delek Logistics Partners is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020.
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Delek Logistics Partners LP (NYSE:DKL) issued its earnings results on Tuesday, May, 5th. The oil and gas producer reported $0.76 earnings per share for the quarter, topping analysts' consensus estimates of $0.59 by $0.17. The oil and gas producer had revenue of $163.40 million for the quarter, compared to analyst estimates of $138.06 million. Delek Logistics Partners had a negative return on equity of 80.26% and a net margin of 16.27%.
View Delek Logistics Partners' earnings history.

Delek Logistics Partners declared a quarterly dividend on Monday, July 27th. Investors of record on Friday, August 7th will be paid a dividend of $0.90 per share on Wednesday, August 12th. This represents a $3.60 annualized dividend and a yield of 11.76%. The ex-dividend date of this dividend is Thursday, August 6th. This is an increase from Delek Logistics Partners's previous quarterly dividend of $0.89.
View Delek Logistics Partners' dividend history.

3 brokerages have issued twelve-month price objectives for Delek Logistics Partners' stock. Their forecasts range from $22.00 to $22.00. On average, they expect Delek Logistics Partners' stock price to reach $22.00 in the next year. This suggests that the stock has a possible downside of 28.1%.
View analysts' price targets for Delek Logistics Partners.

News articles about DKL stock have been trending somewhat positive on Tuesday, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Delek Logistics Partners earned a daily sentiment score of 1.8 on InfoTrie's scale. They also assigned press coverage about the oil and gas producer a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next several days.
View the latest news about Delek Logistics Partners.

Delek Logistics Partners saw a increase in short interest in June. As of June 30th, there was short interest totaling 451,500 shares, an increase of 14.1% from the June 15th total of 395,700 shares. Based on an average daily trading volume, of 281,800 shares, the days-to-cover ratio is presently 1.6 days. Approximately 5.6% of the company's shares are short sold.
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Some companies that are related to Delek Logistics Partners include NuStar Energy (NS), Plains GP (PAGP), Holly Energy Partners (HEP), BP Midstream Partners (BPMP), Noble Midstream Partners (NBLX), PBF Logistics (PBFX) and Blueknight Energy Partners (BKEP).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Delek Logistics Partners investors own include Energy Transfer LP Unit (ET), Enterprise Products Partners (EPD), Ares Capital (ARCC), AT&T (T), New Residential Investment (NRZ), GasLog Partners LP Unit (GLOP), Magellan Midstream Partners (MMP), Mplx (MPLX), Golar LNG Partners (GMLP) and Hoegh LNG Partners (HMLP).

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

Delek Logistics Partners' stock is owned by many different institutional and retail investors. Top institutional investors include UBS Group AG (0.11%), Arrow Investment Advisors LLC (0.04%) and Thoroughbred Financial Services LLC (0.03%). Company insiders that own Delek Logistics Partners stock include Ezra Uzi Yemin, Francis C D'andrea and Odely Sakazi.
View institutional ownership trends for Delek Logistics Partners.

DKL stock was acquired by a variety of institutional investors in the last quarter, including Arrow Investment Advisors LLC, Thoroughbred Financial Services LLC, and UBS Group AG. Company insiders that have bought Delek Logistics Partners stock in the last two years include Ezra Uzi Yemin, and Odely Sakazi.
View insider buying and selling activity for 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of DKL stock can currently be purchased for approximately $30.60.

Delek Logistics Partners has a market capitalization of $918.77 million and generates $583.99 million in revenue each year. The oil and gas producer earns $96.75 million in net income (profit) each year or $2.61 on an earnings per share basis.

The official website for Delek Logistics Partners is www.deleklogistics.com.

Delek Logistics Partners' mailing address is 7102 COMMERCE WAY, BRENTWOOD TN, 37027. The oil and gas producer can be reached via phone at 615-771-6701 or via email at [email protected]