Delek Logistics Partners (DKL) Set to Announce Quarterly Earnings on Tuesday

Delek Logistics Partners (NYSE:DKL) will be releasing its earnings data before the market opens on Tuesday, May 7th. Analysts expect Delek Logistics Partners to post earnings of $0.73 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Delek Logistics Partners (NYSE:DKL) last posted its earnings results on Tuesday, February 27th. The oil and gas producer reported $0.85 EPS for the quarter, hitting the consensus estimate of $0.85. Delek Logistics Partners had a net margin of 12.37% and a negative return on equity of 102.99%. The firm had revenue of $254.15 million for the quarter, compared to analysts’ expectations of $272.51 million. On average, analysts expect Delek Logistics Partners to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Delek Logistics Partners Stock Down 0.9 %

DKL stock opened at $39.70 on Friday. The firm has a market cap of $1.73 billion, a PE ratio of 13.69 and a beta of 2.07. The business has a 50 day moving average of $40.46 and a 200-day moving average of $44.09. Delek Logistics Partners has a 12-month low of $36.50 and a 12-month high of $58.81.

Delek Logistics Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 8th will be paid a $1.025 dividend. This represents a $4.10 dividend on an annualized basis and a yield of 10.33%. The ex-dividend date of this dividend is Tuesday, May 7th. This is an increase from Delek Logistics Partners’s previous quarterly dividend of $0.25. Delek Logistics Partners’s dividend payout ratio is 147.59%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DKL. StockNews.com downgraded shares of Delek Logistics Partners from a “buy” rating to a “hold” rating in a report on Friday. Raymond James upgraded shares of Delek Logistics Partners from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a research note on Tuesday, March 19th. Finally, Truist Financial started coverage on shares of Delek Logistics Partners in a research report on Friday, April 19th. They set a “buy” rating and a $46.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $45.33.

About Delek Logistics Partners

Delek Logistics Partners, LP provides gathering, pipeline, transportation, and other services for crude oil, intermediates, refined products, natural gas, storage, wholesale marketing, terminalling water disposal and recycling customers in the United States. The Gathering and Processing segment consists of pipelines, tanks, and offloading facilities that provide crude oil and natural gas gathering and processing, water disposal and recycling, and storage services, as well as crude oil transportation services to third parties.