Delek US Holdings, Inc. (NYSE:DK) Receives $21.00 Consensus PT from Brokerages

Shares of Delek US Holdings, Inc. (NYSE:DK) have been given a consensus recommendation of “Reduce” by the ten research firms that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $21.00.

DK has been the subject of several recent analyst reports. Wolfe Research raised Delek US from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Wells Fargo & Company reduced their target price on Delek US from $18.00 to $16.00 and set an “underweight” rating for the company in a report on Monday, December 9th. Scotiabank reduced their target price on Delek US from $25.00 to $22.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. Bank of America initiated coverage on Delek US in a report on Thursday, October 17th. They issued an “underperform” rating and a $15.00 target price for the company. Finally, JPMorgan Chase & Co. increased their price objective on Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th.

Institutional Investors Weigh In On Delek US

Several institutional investors have recently made changes to their positions in DK. Rubric Capital Management LP purchased a new stake in shares of Delek US during the third quarter worth $37,500,000. Philosophy Capital Management LLC purchased a new stake in shares of Delek US during the third quarter worth $21,471,000. International Assets Investment Management LLC lifted its position in shares of Delek US by 1,753.2% during the third quarter. International Assets Investment Management LLC now owns 648,507 shares of the oil and gas company’s stock worth $12,160,000 after acquiring an additional 613,514 shares in the last quarter. FMR LLC lifted its position in shares of Delek US by 47.3% during the third quarter. FMR LLC now owns 1,707,773 shares of the oil and gas company’s stock worth $32,021,000 after acquiring an additional 548,777 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Delek US by 51.5% during the third quarter. Barclays PLC now owns 1,496,825 shares of the oil and gas company’s stock worth $28,065,000 after acquiring an additional 508,719 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Delek US Stock Performance

Shares of DK 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. The stock has a 50 day moving average price of $18.31 and a two-hundred day moving average price of $19.06. The firm has a market capitalization of $1.23 billion, a P/E ratio of -4.01 and a beta of 1.20. Delek US has a 52 week low of $15.36 and a 52 week high of $33.60.

Delek US (NYSE:DK) last issued its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported ($1.45) EPS for the quarter, topping analysts’ consensus estimates of ($1.71) by $0.26. The firm 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 28.21% and a negative net margin of 2.27%. The company’s revenue for the quarter was down 34.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.02 EPS. Equities analysts forecast that Delek US will post -5.5 earnings per share for the current fiscal year.

About Delek US

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.