Delek US (NYSE:DK) Releases Quarterly Earnings Results, Misses Expectations By $1.01 EPS

Delek US (NYSE:DK) announced its earnings results on Tuesday. The oil and gas company reported ($2.54) earnings per share for the quarter, missing the consensus estimate of ($1.53) by ($1.01), Zacks reports. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same period in the prior year, the business earned ($1.46) EPS. The company’s quarterly revenue was down 39.8% compared to the same quarter last year.

Delek US Stock Performance

DK stock opened at $16.34 on Tuesday. The firm has a 50 day simple moving average of $18.22 and a 200 day simple moving average of $18.65. 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 stock has a market cap of $1.03 billion, a P/E ratio of -3.36 and a beta of 1.20.

Delek US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.255 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.02 dividend on an annualized basis and a yield of 6.24%. Delek US’s payout ratio is presently -20.99%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Mizuho reduced their target price on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Wells Fargo & Company decreased their price target on shares of Delek US from $18.00 to $16.00 and set an “underweight” rating on the stock in a research report on Monday, December 9th. Finally, Wolfe Research upgraded Delek US from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Five investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $21.00.

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.