Stock analysts at Credit Suisse Group initiated coverage on shares of Delek Logistics Partners (NYSE:DKL) in a note issued to investors on Thursday, The Fly reports. The brokerage set an “underperform” rating and a $31.00 price target on the oil and gas producer’s stock. Credit Suisse Group’s target price suggests a potential downside of 4.08% from the stock’s previous close.

Several other analysts also recently issued reports on DKL. ValuEngine raised shares of Delek Logistics Partners from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 8th. Zacks Investment Research raised shares of Delek Logistics Partners from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. Delek Logistics Partners presently has an average rating of “Hold” and an average target price of $33.67.

DKL opened at $32.32 on Thursday. The stock has a market capitalization of $846.33 million, a P/E ratio of 15.46 and a beta of 1.18. Delek Logistics Partners has a 12 month low of $26.50 and a 12 month high of $35.50. The company has a quick ratio of 1.77, a current ratio of 2.37 and a debt-to-equity ratio of -5.72.

Delek Logistics Partners (NYSE:DKL) last released its quarterly earnings results on Tuesday, August 7th. The oil and gas producer reported $0.79 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.01). The company had revenue of $166.28 million during the quarter, compared to analysts’ expectations of $189.86 million. Delek Logistics Partners had a negative return on equity of 103.52% and a net margin of 13.22%. Analysts anticipate that Delek Logistics Partners will post 2.97 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. First Republic Investment Management Inc. bought a new stake in Delek Logistics Partners in the second quarter worth about $270,000. California Public Employees Retirement System lifted its stake in Delek Logistics Partners by 15.9% in the second quarter. California Public Employees Retirement System now owns 15,485 shares of the oil and gas producer’s stock worth $428,000 after purchasing an additional 2,122 shares during the last quarter. Guggenheim Capital LLC lifted its stake in Delek Logistics Partners by 33.6% in the first quarter. Guggenheim Capital LLC now owns 16,298 shares of the oil and gas producer’s stock worth $462,000 after purchasing an additional 4,098 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Delek Logistics Partners in the second quarter worth about $843,000. Finally, Biglari Capital CORP. bought a new stake in Delek Logistics Partners in the second quarter worth about $2,876,000. 22.63% of the stock is owned by institutional investors and hedge funds.

About Delek Logistics Partners

Delek Logistics Partners, LP owns and operates logistics and marketing assets for crude oil, and intermediate and refined products in the United States. It operates in two segments, Pipelines and Transportation, and Wholesale Marketing and Terminalling. The Pipelines and Transportation segment consists of assets, including pipelines and trucks, and ancillary assets that provide crude oil gathering and crude oil, intermediate and finished products transportation, and storage services primarily in support of the Tyler and El Dorado refineries, as well as offers crude oil and other products transportation services to third parties.

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