Delek Logistics Partners LP (NYSE: DKL) has reported earnings for its second fiscal quarter (ending June 30) of $0.87 versus $0.73 for the same period a year ago — an increase of 19%. This result exceeded the consensus estimate of $0.81 by $0.06. For the latest four quarters through June 30, E.P.S. were $2.92 versus $3.60 for the same period a year ago — a decline of -19%.
Recent Price Action
Delek Logistics Partners LP (NYSE: DKL) stock closed at $39.79 on 8/6/24 after a modest gain of 0.3%. Trading volume in this advance was normal. The stock has declined -2.7% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
DKL’s future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to be a major Value Eraser.
Delek Logistics Partners is currently unrated.
Rating Review
The stock is currently unrated.
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