Headlines about Delek Logistics Partners (NYSE:DKL) have trended positive on Saturday, AlphaOne Sentiment Analysis reports. AlphaOne, a service of Accern, identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Delek Logistics Partners earned a media sentiment score of 0.47 on AlphaOne’s scale. AlphaOne also assigned media stories about the oil and gas producer an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media stories that may have impacted AlphaOne’s scoring:
- Delek Logistics Partners LP (DKL) Downgraded by Zacks Investment Research (americanbankingnews.com)
- Delek Logistics Partners, LP Prices Offering of $250 Million of 6.750% Senior Notes (finance.yahoo.com)
- Delek Logistics Partners LP (DKL) Major Shareholder Acquires $155,538.81 in Stock (americanbankingnews.com)
- BRIEF-Delek Logistics Partners LP subsidiary priced an offering of $250 mln (feeds.reuters.com)
- Delek Logistics Partners LP breached its 50 day moving average in a Bearish Manner : DKL-US : May 16, 2017 (finance.yahoo.com)
Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Delek Logistics Partners from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research report on Thursday. Scotiabank reaffirmed a “hold” rating and set a $33.00 price target on shares of Delek Logistics Partners in a research report on Thursday, March 23rd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $32.20.
Delek Logistics Partners (NYSE:DKL) opened at 30.75 on Friday. Delek Logistics Partners has a 52 week low of $21.30 and a 52 week high of $36.05. The firm has a 50 day moving average price of $31.49 and a 200 day moving average price of $30.17. The stock has a market capitalization of $748.09 million, a P/E ratio of 15.64 and a beta of 1.40.
Delek Logistics Partners (NYSE:DKL) last announced its quarterly earnings results on Monday, May 8th. The oil and gas producer reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by $0.07. The business had revenue of $129.50 million for the quarter, compared to the consensus estimate of $128.42 million. Delek Logistics Partners had a negative return on equity of 554.90% and a net margin of 14.52%. The firm’s revenue for the quarter was up 24.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 EPS. Equities research analysts predict that Delek Logistics Partners will post $2.40 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, May 12th. Stockholders of record on Friday, May 5th were paid a $0.69 dividend. The ex-dividend date was Wednesday, May 3rd. This represents a $2.76 dividend on an annualized basis and a dividend yield of 8.98%. This is a boost from Delek Logistics Partners’s previous quarterly dividend of $0.68. Delek Logistics Partners’s payout ratio is 125.93%.
In other news, major shareholder Delek Us Holdings, Inc. bought 8,800 shares of the business’s stock in a transaction dated Monday, April 3rd. The stock was bought at an average price of $32.69 per share, for a total transaction of $287,672.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders bought 220,395 shares of company stock valued at $6,798,819 in the last quarter.
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About Delek Logistics Partners
Delek Logistics Partners, LP owns and operates logistics and marketing assets for crude oil, and intermediate and refined products. The Company’s business primarily consists of certain crude oil, intermediate and refined products pipelines and transportation, storage, wholesale marketing, terminaling and offloading assets, which were previously owned, operated or held by Delek US Holdings, Inc (Delek), and assets acquired from unrelated third parties.
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