Delek US Holdings, Inc. (NYSE:DK) Receives Consensus Rating of “Reduce” from Brokerages

Delek US Holdings, Inc. (NYSE:DK) has been assigned an average recommendation of “Reduce” from the ten brokerages that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating and six have issued a hold rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $21.00.

DK has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their target price on Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Scotiabank reduced their target price on Delek US from $25.00 to $22.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Wolfe Research raised Delek US from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Mizuho reduced their target price on Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Finally, Bank of America began coverage on Delek US in a research note on Thursday, October 17th. They issued an “underperform” rating and a $15.00 target price on the stock.

Delek US Trading Up 7.9 %

Shares of DK stock opened at $19.49 on Friday. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04. Delek US has a 52-week low of $15.36 and a 52-week high of $33.60. The company has a market capitalization of $1.23 billion, a PE ratio of -4.01 and a beta of 1.20. The business’s fifty day moving average is $18.31 and its 200 day moving average is $19.06.

Delek US (NYSE:DK) last released its earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) EPS for the quarter, beating analysts’ consensus estimates of ($1.71) by $0.26. The business had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $3.23 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The firm’s revenue was down 34.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.02 earnings per share. On average, equities research analysts anticipate that Delek US will post -5.5 EPS for the current fiscal year.

Institutional Trading of Delek US

Several large investors have recently modified their holdings of DK. Quarry LP bought a new stake in shares of Delek US in the second quarter worth about $43,000. KBC Group NV grew its stake in shares of Delek US by 66.3% in the fourth quarter. KBC Group NV now owns 3,859 shares of the oil and gas company’s stock worth $71,000 after purchasing an additional 1,538 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Delek US by 24.2% in the third quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock worth $145,000 after purchasing an additional 1,508 shares during the last quarter. ARS Investment Partners LLC bought a new stake in shares of Delek US in the fourth quarter worth about $185,000. Finally, Capstone Investment Advisors LLC bought a new stake in shares of Delek US in the third quarter worth about $193,000. 97.01% of the stock is owned by institutional investors.

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.