Delek US (NYSE:DK) Issues Quarterly Earnings Results

Delek US (NYSE:DK) announced its earnings results on Wednesday. The oil and gas company reported ($1.45) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.71) by $0.26, Briefing.com reports. The company had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.23 billion. Delek US had a negative return on equity of 4.53% and a negative net margin of 0.69%. The firm’s quarterly revenue was down 34.3% compared to the same quarter last year. During the same period last year, the company posted $2.02 earnings per share.

Delek US Stock Up 2.0 %

Shares of NYSE:DK traded up $0.34 on Thursday, hitting $17.64. 2,108,184 shares of the company traded hands, compared to its average volume of 1,076,062. The stock has a 50 day simple moving average of $18.55 and a 200-day simple moving average of $22.38. The company has a market cap of $1.14 billion, a PE ratio of -10.23 and a beta of 1.15. Delek US has a 52 week low of $15.36 and a 52 week high of $33.60. The company has a quick ratio of 0.58, a current ratio of 0.98 and a debt-to-equity ratio of 2.50.

Delek US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Tuesday, November 12th will be paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 5.78%. The ex-dividend date of this dividend is Tuesday, November 12th. Delek US’s payout ratio is currently -60.36%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DK. Mizuho upgraded Delek US from an “underperform” rating to a “neutral” rating and dropped their price objective for the company from $28.00 to $26.00 in a report on Monday, September 16th. Piper Sandler decreased their price objective on Delek US from $25.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, September 20th. StockNews.com downgraded Delek US from a “hold” rating to a “sell” rating in a research report on Saturday, September 21st. Wells Fargo & Company decreased their target price on shares of Delek US from $21.00 to $18.00 and set an “underweight” rating on the stock in a report on Wednesday, October 9th. Finally, TD Cowen lowered their price target on Delek US from $19.00 to $18.00 and set a “sell” rating for the company in a report on Thursday, August 8th. Six analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Delek US presently has an average rating of “Hold” and an average price target of $22.00.

Insider Buying and Selling at Delek US

In other Delek US news, CEO Avigal Soreq purchased 5,651 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were acquired at an average price of $20.42 per share, for a total transaction of $115,393.42. Following the purchase, the chief executive officer now directly owns 188,881 shares of the company’s stock, valued at $3,856,950.02. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.35% of the company’s stock.

Delek US Company Profile

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through Refining, Logistics, and Retail segments. The Refining segment processes crude oil and other feedstock for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminal.