1 week Ago By Defense World Staff
Delek US (NYSE:DK – Get Free Report) had its price objective lowered by stock analysts at Raymond James from $24.00 to $23.00 in a research report issued on Wednesday,Benzinga reports.
The brokerage currently has an “outperform” rating on the oil and gas company’s stock. Raymond James’ target price suggests a potential upside of 90.63% from the stock’s previous close.
A number of other equities research analysts also recently weighed in on DK. JPMorgan Chase & Co. boosted their price target on shares of Delek US from $21.
00 to $22.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Piper Sandler cut their price objective on Delek US from $18.
00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Wolfe Research raised shares of Delek US from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd.
Morgan Stanley lowered their price objective on shares of Delek US from $19.00 to $18.00 and set an “underweight” rating on the stock in a report on Friday, March 14th.
Finally, Mizuho lowered their target price on Delek US from $25.00 to $22.00 and set a “neutral” rating on the stock in a research report on Wednesday.
Five research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $18.
66.Check Out Our Latest Analysis on DKDelek US Stock Down 8.0 %Shares of NYSE:DK opened at $12.
07 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 1.
04 and a debt-to-equity ratio of 3.18. The firm has a market cap of $754.
22 million, a P/E ratio of -2.48 and a beta of 1.04.
Delek US has a 12 month low of $11.03 and a 12 month high of $32.09.
The company’s 50-day moving average price is $15.86 and its two-hundred day moving average price is $17.37.
Delek US (NYSE:DK – Get Free Report) last released its quarterly earnings results 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). Delek US had a negative net margin of 2.
27% and a negative return on equity of 28.21%. The company had revenue of $2.
37 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same period last year, the company earned ($1.
46) earnings per share. Delek US’s revenue for the quarter was down 39.8% compared to the same quarter last year.
As a group, research analysts forecast that Delek US will post -5.5 EPS for the current fiscal year. Insider Activity at Delek USIn other news, CFO Mark Wayne Hobbs purchased 2,800 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th.
The stock was acquired at an average cost of $13.70 per share, with a total value of $38,360.00.
Following the acquisition, the chief financial officer now owns 49,138 shares in the company, valued at approximately $673,190.60. This trade represents a 6.
04 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders have purchased 5,055 shares of company stock worth $70,787.
Insiders own 1.80% of the company’s stock. Institutional Inflows and OutflowsSeveral large investors have recently added to or reduced their stakes in the company.
Sterling Capital Management LLC boosted its position in shares of Delek US by 728.3% in 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 during the period.
KBC Group NV raised its stake in Delek US by 66.3% in the 4th 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 in the last quarter.
GAMMA Investing LLC boosted its holdings in Delek US by 907.0% in the 1st quarter. GAMMA Investing LLC now owns 4,159 shares of the oil and gas company’s stock valued at $63,000 after purchasing an additional 3,746 shares during the period.
ARS Investment Partners LLC acquired a new position in shares of Delek US during the 4th quarter worth approximately $185,000. Finally, Abel Hall LLC bought a new position in shares of Delek US during the fourth quarter worth approximately $196,000. Institutional investors own 97.
01% of the company’s stock. About Delek US (Get Free Report)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.Featured ArticlesFive stocks we like better than Delek USWhat is the Nikkei 225 index? Joby Aviation: Operational Momentum vs. Market SentimentHow to Know Which Cryptocurrency to Buy: A Guide for InvestorsBroadcom’s Big Outperformance Shows Strength Amid Tariff DeclineInsider Trading – What You Need to KnowCarvana: Can Turnaround Strength Outdrive Market Headwinds?.
