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Delek Logistics Partners (NYSE:DKL) shares hit a new 52-week high during mid-day trading on Wednesday , American Banking reports. The company traded as high as $41.49 and last traded at $41.40, with a volume of 51,594 shares trading hands. The stock had previously closed at $39.15.

A number of analysts have recently weighed in on DKL shares. Analysts at Wells Fargo & Co. upgraded shares of Delek Logistics Partners from a “market perform” rating to an “outperform” rating in a research note on Wednesday. Analysts at Raymond James reiterated an “outperform” rating on shares of Delek Logistics Partners in a research note on Thursday, August 7th. They now have a $40.00 price target on the stock, up previously from $37.00. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $37.33.

The stock’s 50-day moving average is $35.16 and its 200-day moving average is $34.01. The company has a market cap of $998.5 million and a P/E ratio of 16.10.

Delek Logistics Partners (NYSE:DKL) last announced its earnings results on Tuesday, August 5th. The company reported $0.87 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.60 by $0.27. Analysts expect that Delek Logistics Partners will post $2.76 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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