Delek Logistics Partners (NYSE:DKL) posted its earnings results on Monday, May 7th. The oil and gas producer reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.04, MarketWatch Earnings reports. The business had revenue of $167.92 million during the quarter, compared to analysts’ expectations of $154.61 million. Delek Logistics Partners had a negative return on equity of 144.78% and a net margin of 12.98%.
Delek Logistics Partners opened at $28.45 on Tuesday, according to Marketbeat.com. The company has a market capitalization of $702.83 million, a PE ratio of 13.61, a P/E/G ratio of 3.36 and a beta of 1.13. The company has a debt-to-equity ratio of -5.65, a current ratio of 1.61 and a quick ratio of 1.26. Delek Logistics Partners has a 12 month low of $28.20 and a 12 month high of $28.50.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Monday, May 7th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 10.54%. The ex-dividend date is Friday, May 4th. This is an increase from Delek Logistics Partners’s previous quarterly dividend of $0.73. Delek Logistics Partners’s dividend payout ratio is presently 143.54%.
Several equities analysts have recently weighed in on DKL shares. Barclays cut shares of Delek Logistics Partners from an “equal weight” rating to an “underweight” rating and set a $32.00 price target for the company. in a research note on Wednesday, January 17th. Zacks Investment Research cut shares of Delek Logistics Partners from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 17th. ValuEngine cut shares of Delek Logistics Partners from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Wells Fargo cut shares of Delek Logistics Partners from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 1st. Four analysts have rated the stock with a sell rating and two have issued a hold rating to the company. Delek Logistics Partners currently has an average rating of “Sell” and a consensus target price of $33.67.
About Delek Logistics Partners
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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