News headlines about Delek US (NYSE:DK) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Delek US earned a coverage optimism score of 0.23 on Accern’s scale. Accern also assigned headlines about the oil and gas company an impact score of 46.302032194108 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the headlines that may have impacted Accern’s scoring:
DK stock traded down $0.56 during midday trading on Friday, reaching $42.34. 2,383,744 shares of the company’s stock traded hands, compared to its average volume of 1,632,727. Delek US has a 52-week low of $20.65 and a 52-week high of $43.42. The stock has a market cap of $3,553.13, a P/E ratio of 33.60, a P/E/G ratio of 1.90 and a beta of 1.44. The company has a current ratio of 0.98, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45.
Delek US (NYSE:DK) last announced its earnings results on Monday, February 26th. The oil and gas company reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.10. Delek US had a net margin of 3.99% and a return on equity of 5.99%. The business had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.10 billion. During the same period in the prior year, the company earned ($0.44) earnings per share. The firm’s revenue was up 129.0% on a year-over-year basis. equities analysts forecast that Delek US will post 2.22 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 26th. Shareholders of record on Monday, March 12th were issued a dividend of $0.20 per share. This is a boost from Delek US’s previous quarterly dividend of $0.15. This represents a $0.80 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend was Friday, March 9th. Delek US’s dividend payout ratio is currently 63.49%.
Delek US announced that its Board of Directors has approved a share buyback plan on Monday, February 26th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the oil and gas company to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.
Several research analysts have recently issued reports on DK shares. Zacks Investment Research upgraded shares of Delek US from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research note on Wednesday, January 17th. Royal Bank of Canada reiterated a “buy” rating and issued a $42.00 target price on shares of Delek US in a research note on Thursday, March 1st. Citigroup upgraded shares of Delek US from a “neutral” rating to a “buy” rating and set a $43.00 target price on the stock in a research note on Wednesday, February 14th. TheStreet upgraded shares of Delek US from a “c+” rating to a “b-” rating in a research report on Monday, December 18th. Finally, Morgan Stanley upgraded shares of Delek US from an “equal weight” rating to an “overweight” rating and set a $44.00 price objective on the stock in a research report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $38.86.
In other news, insider Daniel L. Gordon sold 2,500 shares of the stock in a transaction on Monday, March 12th. The shares were sold at an average price of $37.57, for a total value of $93,925.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Frederec Green sold 25,000 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $38.00, for a total transaction of $950,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 235,109 shares of company stock valued at $8,782,256. 1.61% of the stock is owned by corporate insiders.
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Delek US Company Profile
Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company's Refining segment processes crude oil and other purchased feedstocks 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 terminals.
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