Delek Logistics Partners Short Interest Down 75.5% in June (DKL)
Shares of Delek Logistics Partners (NYSE:DKL) were the recipient of a significant decrease in short interest during the month of June. As of June 13th, there was short interest totalling 218,110 shares, a decrease of 75.5% from the May 30th total of 889,892 shares, American Banking and Market News reports. Based on an average daily trading volume, of 30,435 shares, the days-to-cover ratio is presently 7.2 days. Currently, 2.4% of the shares of the stock are sold short.
Separately, analysts at Zacks upgraded shares of Delek Logistics Partners from a “neutral” rating to an “outperform” rating in a research note on Monday, May 19th. They now have a $35.60 price target on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $35.87.
Delek Logistics Partners (NYSE:DKL) opened at 34.44 on Thursday. Delek Logistics Partners has a 52 week low of $28.70 and a 52 week high of $36.20. The stock has a 50-day moving average of $34.68 and a 200-day moving average of $33.56. The company has a market cap of $831.8 million and a P/E ratio of 18.30.
Delek Logistics Partners (NYSE:DKL) last released its earnings data on Tuesday, May 6th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.18. The company had revenue of $203.50 million for the quarter, compared to the consensus estimate of $227.31 million. Analysts expect that Delek Logistics Partners will post $2.38 EPS for the current fiscal year.
Delek Logistics Partners, LP is formed to own, operate, acquire and construct crude oil and refined products logistics and marketing assets.
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