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

Delek Logistics Partners (NYSE:DKL) is scheduled to post its quarterly earnings results before the market opens on Tuesday, August 6th. Analysts expect Delek Logistics Partners to post earnings of $0.81 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 issued its earnings results on Tuesday, May 7th. The oil and gas producer reported $0.73 EPS for the quarter, hitting the consensus estimate of $0.73. Delek Logistics Partners had a negative return on equity of 115.32% and a net margin of 11.81%. The company had revenue of $252.08 million during the quarter, compared to the consensus estimate of $263.96 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 Trading Down 0.1 %

DKL opened at $40.73 on Monday. The stock’s fifty day simple moving average is $40.18 and its 200 day simple moving average is $41.14. Delek Logistics Partners has a 1-year low of $36.50 and a 1-year high of $53.80. The stock has a market cap of $1.92 billion, a PE ratio of 14.70 and a beta of 2.12.

Delek Logistics Partners Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Friday, August 9th will be paid a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 10.70%. The ex-dividend date of this dividend is Friday, August 9th. This is a boost from Delek Logistics Partners’s previous quarterly dividend of $0.73. Delek Logistics Partners’s dividend payout ratio (DPR) is currently 154.51%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on DKL shares. Truist Financial assumed coverage on shares of Delek Logistics Partners in a research report on Friday, April 19th. They set a “buy” rating and a $46.00 price objective for the company. StockNews.com upgraded Delek Logistics Partners from a “hold” rating to a “buy” rating in a research note on Saturday, May 11th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.33.

Delek Logistics Partners Company Profile

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.