Delek Logistics Partners Hits New 52-Week High at $36.68 (DKL)
Shares of Delek Logistics Partners (NYSE:DKL) reached a new 52-week high during trading on Friday , StockRatingsNetwork reports. The company traded as high as $36.68 and last traded at $36.15, with a volume of 18,022 shares traded. The stock had previously closed at $35.99.
Separately, analysts at Raymond James reiterated an “outperform” rating on shares of Delek Logistics Partners in a research note on Thursday. They now have a $40.00 price target on the stock, up previously from $37.00. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $37.33.
The stock’s 50-day moving average is $34.37 and its 200-day moving average is $33.74. The company has a market cap of $877.6 million and a P/E ratio of 19.23.
Delek Logistics Partners (NYSE:DKL) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.27. Analysts expect that Delek Logistics Partners will post $2.49 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 14th. Shareholders of record on Thursday, August 7th will be given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 5.23%. The ex-dividend date of this dividend is Tuesday, August 5th. This is a positive change from Delek Logistics Partners’s previous quarterly dividend of $0.43.
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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