Delek Logistics (DKL) Worth Watching: Stock Gains 6% – Tale of the Tape

Zacks

Delek Logistics Partners, LP (DKL) was a big mover last session with its shares rising almost 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend of the company as the stock has gained over 20% in the past one-month time frame.

This operator of crude oil and refined products logistics and marketing assets has seen 4 positive estimate revisions in the last 30 days. The Zacks Consensus Estimate has also moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if yesterday’s climb can turn into more strength down the road.

Delek Logistics currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

Investors interested in the Oil and Gas industry may also consider stocks like Sunoco Logistics Partners L.P. (SXL), Valero Energy Partners LP (VLP) and Targa Resources Partners LP (NGLS). While Sunoco Logistics and Valero Energy Partners sport a Zacks Rank #1 (Strong Buy), Targa Resources holds the same Zacks Rank as Delek Logistics.

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