Wells Fargo & Co. downgraded Delek Logistics Partners LP (NYSE:DKL) to Market Perform in a statement released earlier today.
- Updated: October 2, 2016
Having a price of $28.58, Delek Logistics Partners LP (NYSE:DKL) traded -3.04% lower on the day. With the last close up -1.13% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Delek Logistics Partners LP has recorded a 50-day average of $27.80 and a two hundred day average of $28.03. Volume of trade was down over the average, with 4,688 shares of DKL changing hands under the typical 70,030
Wells Fargo & Co. has downgraded Delek Logistics Partners LP (NYSE:DKL) to Market Perform in a statement released on 10/03/2016.
On 06/21/2016, Goldman Sachs released a statement on Delek Logistics Partners LP (NYSE:DKL) upped the target price from $0.00 to $32.00 that suggested an upside of 0.22%.
Recent Performance Chart
Delek Logistics Partners LP has 52 week low of $21.84 and a 52 week high of $38.00 with a PE ratio of 11.25 and has a market capitalization of $0.
In addition to Wells Fargo & Co. reporting its stock price target, a total of 6 brokers have issued a research note on the company. The average stock price target is $33.67 with 2 brokers rating the stock a strong buy, 1 broker rating the stock a buy, 4 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On 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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