The price of DKL is predicted to go up -8.3%, based on the high correlation periods with ESE. The similarity of these two price pattern on the periods is 96.11%.
DKL
ESE
Down: -8.3%Similarity: 96.11%
DKL Revenue Forecast
DKL EPS Forecast
DKL FAQs
What is bull’s view on DKL?
DKL stock has a bullish outlook with a price target of $50, reflecting a 28.21% upside from the current price of $43.53. This optimism is driven by strategic acquisitions like Gravity Water Midstream, enhancing its midstream services and boosting higher-margin third-party business. Additionally, potential inclusion in the Alerian MLP ETF rebalancing could further support its valuation.
What is bear's view on DKL?
DKL stock currently trades at $43.53, near the midpoint of its 52-week range ($37.02–$47.51). The bearish view stems from its Zacks Rank #5 (Strong Sell), indicating weak near-term momentum despite its high dividend yield of 9.97%. Additionally, concerns over sustainability of distributions and potential dilution from recent unit sales weigh on the stock.
What is DKL revenue forecast for next quarter?
The market consensus for DKL's revenue in the upcoming quarter is projected to be approximately $242.134M USD.
Truist analyst Neal Dingmann raised the firm's price target on Delek Logistics to $50 from $46 and keeps a Buy rating on the shares. The company has recently completed several strategic deals on top of solid organic activity during the quarter, and the firm is "especially positive" on Delek's prospects to drive its higher margin third party business, the analyst tells investors in a research note. Delek units could get a material boost from if/when the Alerian MLP ETF is rebalanced, as a number of members have already dropped out and various others have a substantial weighting, the firm adds.