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Delek Logistics Partners (NYSE:DKL) was upgraded by investment analysts at Wells Fargo & Co. to an “outperform” rating in a note issued to investors on Wednesday.

Delek Logistics Partners (NYSE:DKL) opened at 39.15 on Wednesday. Delek Logistics Partners has a 52 week low of $28.82 and a 52 week high of $39.57. 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 $946.8 million and a P/E ratio of 15.94.

Delek Logistics Partners (NYSE:DKL) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.87 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.60 by $0.27. Analysts expect that Delek Logistics Partners will post $2.76 EPS for the current fiscal year.

Separately, 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 investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $37.33.

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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