Brokerage firm Barclays Assumes its rating on Delek Logistics Partners LP(NYSE:DKL). The shares have been rated Equal-weight. The rating by Barclays was issued on Apr 12, 2016.
In a different note, On Apr 1, 2016, Piper Jaffray said it Assumes its rating on Delek Logistics Partners LP. The shares have been rated ‘Overweight’ by the firm. On Feb 29, 2016, Barclays said it Maintains its rating on Delek Logistics Partners LP. In the research note, the firm Lowers the price-target to $38.00 per share. The shares have been rated ‘Equalweight’ by the firm.
Delek Logistics Partners LP (DKL) shares turned negative on Fridays trading session with the shares closing down -0.85 points or -2.73% at a volume of 63,735. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $30.89. The peak price level was also seen at $30.89 while the days lowest was $29.6. Finally the shares closed at $30.34. The 52-week high of the shares is $48.46 while the 52-week low is $21.84. According to the latest information available, the market cap of the company is $737 M.
Delek Logistics Partners LP(DKL) last announced its earnings results on Feb 25, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $108.93M. Analysts had an estimated revenue of $217.85M. Earnings per share were $0.55. Analysts had estimated an EPS of $0.71.
Several Insider Transactions has been reported to the SEC. On Apr 6, 2016, Kent B Thomas (Executive Vice President) sold 2,500 shares at $30.77 per share price.Also, On Mar 4, 2016, Andrew L Schwarcz (EVP / General Counsel) sold 4,165 shares at $29.24 per share price.On Dec 14, 2015, Daniel L Gordon (Executive Vice President) sold 1,000 shares at $29.73 per share price, according to the Form-4 filing with the securities and exchange commission.
Delek Logistics Partners LP owns and operates logistics and marketing assets for crude oil and intermediate and refined products. The Company’s business primarily consists of the assets liabilities and results of operations of certain crude oil and refined product pipelines and transportation storage wholesale marketing and terminalling assets. Its business consists of two operating segments: Pipelines and Transportation segment providing crude oil gathering and crude oil intermediate and finished products transportation and storage services and Wholesale Marketing and Terminalling segment offering marketing services for refined products. It was formed by Delek US Holdings Inc. and its indirect subsidiary Delek Logistics GP LLC. The Company generates revenue from gathering transporting and storing crude oil for storing intermediate products and feed stocks and for marketing distributing transporting and storing refined products.