Delek Logistics Partners Stock Forecast, Price & News

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.
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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%.
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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.
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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.

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.

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.

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.

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.

Some companies that are related to Delek Logistics Partners include Plains All American Pipeline (PAA), Shell Midstream Partners (SHLX), Plains GP (PAGP), Holly Energy Partners (HEP), NuStar Energy (NS), Genesis Energy (GEL), 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 (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).

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

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.
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One share of DKL stock can currently be purchased for approximately $48.95.

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.

Delek Logistics Partners employs 2,020 workers across the globe.

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].