Delek Logistics Partners LP (NYSE:DKL) has been downgraded to Strong Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 16, 2016
Zacks Investment Research has downgraded Delek Logistics Partners LP (NYSE:DKL) to Strong Sell in a statement released on 10/11/2016.
Boasting a price of $26.24, Delek Logistics Partners LP (NYSE:DKL) traded -1.78% lower on the day. With the last stock price close down -8.63% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Delek Logistics Partners LP has recorded a 50-day average of $27.33 and a two hundred day average of $27.75. Volume of trade was down over the average, with 20,145 shares of DKL changing hands under the typical 69,402
With a total market value of $0, Delek Logistics Partners LP has price-earnings ratio of 10.29 with a one year low of $21.84 and a one year high of $38.00 .
A total of 6 equity analysts have released a ratings update on DKL. Two equity analysts rating the company a strong buy, one equity analyst rating the company a buy, four equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $33.67.
Brief Synopsis About Delek Logistics Partners LP (NYSE:DKL)
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 certain crude oil, intermediate and refined products pipelines and transportation, storage, wholesale marketing, terminaling and offloading assets, which were previously owned, operated or held by Delek US Holdings, Inc. (Delek), and assets acquired from unrelated third parties. The Company operates through two segments: Pipelines and Transportation segment, and Wholesale Marketing and Terminalling segment. The Company engaged in the gathering, transporting and storing crude oil; storing intermediate products and feed stocks, and marketing, distributing, transporting and storing refined products. The Company also provides crude oil, intermediate and refined products transportation services for terminaling, and marketing services to third parties primarily in Texas, Tennessee and Arkansas.
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