Delek US (NYSE:DK) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Delek US (NYSE:DK) had its target price boosted by stock analysts at Wells Fargo & Company from $15.00 to $16.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “underweight” rating on the oil and gas company’s stock. Wells Fargo & Company‘s target price would suggest a potential downside of 8.38% from the stock’s current price.

A number of other research firms also recently issued reports on DK. Morgan Stanley dropped their price target on Delek US from $19.00 to $18.00 and set an “underweight” rating on the stock in a research report on Friday, March 14th. Mizuho dropped their price objective on Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Piper Sandler dropped their price objective on Delek US from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Wolfe Research raised Delek US from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. raised their price objective on Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Five research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $20.40.

Delek US Stock Performance

NYSE:DK opened at $17.46 on Friday. The stock’s fifty day moving average is $17.47 and its 200 day moving average is $18.02. Delek US has a fifty-two week low of $13.40 and a fifty-two week high of $33.60. The firm has a market capitalization of $1.09 billion, a PE ratio of -3.59 and a beta of 1.14. 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 (NYSE:DK) last announced its quarterly earnings data on Tuesday, February 25th. The oil and gas company reported ($2.54) EPS for the quarter, missing the consensus estimate of ($1.53) by ($1.01). The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.58 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The business’s revenue was down 39.8% compared to the same quarter last year. During the same period last year, the company earned ($1.46) EPS. On average, sell-side analysts anticipate that Delek US will post -5.5 earnings per share for the current year.

Insider Transactions at Delek US

In related news, CFO Mark Wayne Hobbs purchased 2,800 shares of Delek US stock in a transaction that occurred on Tuesday, March 11th. The stock was bought at an average cost of $13.70 per share, for a total transaction of $38,360.00. Following the completion of the transaction, the chief financial officer now owns 49,138 shares in the company, valued at $673,190.60. The trade was a 6.04 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders bought a total of 5,055 shares of company stock worth $70,787 over the last three months. 1.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Sterling Capital Management LLC raised its position in Delek US by 728.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company’s stock valued at $28,000 after acquiring an additional 1,311 shares in the last quarter. KBC Group NV raised its position in Delek US by 66.3% during the fourth quarter. KBC Group NV now owns 3,859 shares of the oil and gas company’s stock valued at $71,000 after acquiring an additional 1,538 shares in the last quarter. ARS Investment Partners LLC purchased a new position in Delek US during the fourth quarter valued at approximately $185,000. Capstone Investment Advisors LLC acquired a new stake in Delek US in the third quarter valued at approximately $193,000. Finally, Abel Hall LLC acquired a new stake in Delek US in the fourth quarter valued at approximately $196,000. 97.01% of the stock is currently owned by hedge funds and other 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.