Delek US (NYSE:DK) PT Raised to $25.00

Delek US (NYSE:DK) had its price target upped by investment analysts at Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell from $24.00 to $25.00 in a report released on Wednesday, Stock Target Advisor reports. The firm presently has a “neutral” rating on the oil and gas company’s stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell’s price objective would indicate a potential upside of 5.26% from the company’s previous close.

A number of other analysts have also commented on the company. US Capital Advisors lowered Delek US from an “overweight” rating to a “hold” rating in a report on Wednesday, March 17th. Morgan Stanley boosted their price target on Delek US from $18.00 to $27.00 and gave the company an “equal weight” rating in a report on Thursday, March 11th. Wells Fargo & Company boosted their price target on Delek US from $25.00 to $31.00 and gave the company an “overweight” rating in a report on Thursday, February 25th. Tudor Pickering upgraded Delek US from a “hold” rating to a “buy” rating in a report on Friday, May 28th. Finally, Mizuho lowered Delek US from a “buy” rating to a “neutral” rating and upped their target price for the stock from $16.00 to $28.00 in a report on Friday, February 26th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $21.69.

DK stock opened at $23.75 on Wednesday. The business’s 50-day simple moving average is $22.65. The company has a current ratio of 1.16, a quick ratio of 0.75 and a debt-to-equity ratio of 2.29. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of -4.45 and a beta of 2.10. Delek US has a 1-year low of $8.92 and a 1-year high of $27.38.

Delek US (NYSE:DK) last issued its quarterly earnings results on Tuesday, May 4th. The oil and gas company reported ($1.69) EPS for the quarter, missing analysts’ consensus estimates of ($1.38) by ($0.31). The firm had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. Delek US had a negative net margin of 4.98% and a negative return on equity of 31.18%. The business’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same quarter last year, the firm earned ($1.74) earnings per share. On average, sell-side analysts expect that Delek US will post -1.68 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in DK. Parkside Financial Bank & Trust acquired a new position in Delek US during the first quarter worth approximately $30,000. Meeder Asset Management Inc. acquired a new position in shares of Delek US in the first quarter valued at approximately $61,000. Centaurus Financial Inc. acquired a new position in shares of Delek US in the first quarter valued at approximately $102,000. KBC Group NV acquired a new position in shares of Delek US in the first quarter valued at approximately $105,000. Finally, Clarus Group Inc. acquired a new position in shares of Delek US in the first quarter valued at approximately $112,000. 94.28% 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 in three segments: Refining, Logistics, and Retail. The Refining segment processes crude oil and other purchased 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.

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