Delek Logistics Partners (NYSE:DKL) announced its quarterly earnings results on Tuesday. The oil and gas producer reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.16), MarketWatch Earnings reports. Delek Logistics Partners had a negative return on equity of 103.52% and a net margin of 13.22%.
NYSE:DKL traded down $0.10 on Wednesday, hitting $30.63. The stock had a trading volume of 49,200 shares, compared to its average volume of 44,411. The firm has a market cap of $769.66 million, a P/E ratio of 14.66 and a beta of 1.20. Delek Logistics Partners has a 52 week low of $26.50 and a 52 week high of $35.50.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 9th. Shareholders of record on Friday, November 2nd will be issued a $0.79 dividend. The ex-dividend date of this dividend is Thursday, November 1st. This represents a $3.16 annualized dividend and a yield of 10.32%. This is a positive change from Delek Logistics Partners’s previous quarterly dividend of $0.77. Delek Logistics Partners’s dividend payout ratio is presently 151.20%.
Several research analysts have issued reports on the company. ValuEngine lowered Delek Logistics Partners from a “hold” rating to a “sell” rating in a report on Tuesday, August 28th. Zacks Investment Research lowered Delek Logistics Partners from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th. Finally, Credit Suisse Group assumed coverage on Delek Logistics Partners in a report on Thursday, October 11th. They issued an “underperform” rating and a $31.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating and one has issued a hold rating to the company. The stock presently has a consensus rating of “Sell” and a consensus price target of $33.67.
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Delek Logistics Partners Company Profile
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 in two segments, Pipelines and Transportation, and Wholesale Marketing and Terminalling. The Pipelines and Transportation segment consists of assets, including pipelines and trucks, and ancillary assets that provide crude oil gathering and crude oil, intermediate and finished products transportation, and storage services primarily in support of the Tyler and El Dorado refineries, as well as offers crude oil and other products transportation services to third parties.
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