Analysts at Credit Suisse Group started coverage on shares of Delek Logistics Partners (NYSE:DKL) in a report issued on Thursday, MarketBeat.com reports. The firm set an “underperform” rating and a $31.00 price target on the oil and gas producer’s stock. Credit Suisse Group’s price target suggests a potential downside of 0.80% from the company’s current price.
Other research analysts have also recently issued research reports about the company. Zacks Investment Research raised Delek Logistics Partners from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Tuesday. ValuEngine raised Delek Logistics Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. Delek Logistics Partners has an average rating of “Hold” and an average target price of $33.67.
DKL opened at $31.25 on Thursday. The firm has a market capitalization of $846.33 million, a P/E ratio of 14.95 and a beta of 1.18. The company has a current ratio of 2.37, a quick ratio of 1.77 and a debt-to-equity ratio of -5.72. Delek Logistics Partners has a 52 week low of $26.50 and a 52 week high of $35.50.
Delek Logistics Partners (NYSE:DKL) last released its earnings results on Tuesday, August 7th. The oil and gas producer reported $0.79 EPS for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.01). The firm had revenue of $166.28 million during the quarter, compared to the consensus estimate of $189.86 million. Delek Logistics Partners had a net margin of 13.22% and a negative return on equity of 103.52%. As a group, sell-side analysts anticipate that Delek Logistics Partners will post 2.97 earnings per share for the current fiscal year.
Several large investors have recently made changes to their positions in the company. California Public Employees Retirement System grew its stake in shares of Delek Logistics Partners by 15.9% during the second quarter. California Public Employees Retirement System now owns 15,485 shares of the oil and gas producer’s stock valued at $428,000 after buying an additional 2,122 shares during the last quarter. Guggenheim Capital LLC grew its stake in shares of Delek Logistics Partners by 33.6% during the first quarter. Guggenheim Capital LLC now owns 16,298 shares of the oil and gas producer’s stock valued at $462,000 after buying an additional 4,098 shares during the last quarter. First Republic Investment Management Inc. bought a new position in shares of Delek Logistics Partners during the second quarter valued at about $270,000. Bank of Montreal Can bought a new position in shares of Delek Logistics Partners during the third quarter valued at about $670,000. Finally, Renaissance Technologies LLC bought a new position in shares of Delek Logistics Partners during the second quarter valued at about $843,000. 22.63% of the stock is currently owned by hedge funds and other institutional investors.
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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