Delek US Holdings, Inc. (NYSE:DK)’s stock price fell 4% during trading on Thursday . The stock traded as low as $21.95 and last traded at $21.95. 4,397 shares traded hands during trading, a decline of 100% from the average session volume of 962,870 shares. The stock had previously closed at $22.87.
Several brokerages recently commented on DK. Wells Fargo & Company upped their price target on shares of Delek US from $25.00 to $31.00 and gave the company an “overweight” rating in a report on Thursday, February 25th. Mizuho cut shares of Delek US from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $16.00 to $28.00 in a research report on Friday, February 26th. Barclays boosted their price objective on shares of Delek US from $15.00 to $22.00 and gave the company an “equal weight” rating in a research report on Monday, March 8th. Piper Sandler boosted their price objective on shares of Delek US from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, April 1st. Finally, Citigroup boosted their price objective on shares of Delek US from $16.00 to $26.00 in a research report on Monday, February 22nd. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $20.50.
The company has a 50-day moving average price of $23.68 and a 200 day moving average price of $17.23. The stock has a market capitalization of $1.66 billion, a P/E ratio of -5.78 and a beta of 2.19. The company has a current ratio of 1.39, a quick ratio of 1.02 and a debt-to-equity ratio of 1.72.
Delek US (NYSE:DK) last released its quarterly earnings results on Monday, February 22nd. The oil and gas company reported ($2.77) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.84) by ($0.93). Delek US had a negative net margin of 3.66% and a negative return on equity of 8.86%. The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the previous year, the company posted ($0.11) earnings per share. The business’s quarterly revenue was down 17.6% compared to the same quarter last year. As a group, research analysts expect that Delek US Holdings, Inc. will post -4.17 earnings per share for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd purchased a new position in Delek US in the fourth quarter worth $176,000. Paloma Partners Management Co lifted its holdings in shares of Delek US by 9.1% during the 4th quarter. Paloma Partners Management Co now owns 10,975 shares of the oil and gas company’s stock valued at $176,000 after purchasing an additional 913 shares during the last quarter. Tompkins Financial Corp acquired a new stake in shares of Delek US in the 4th quarter worth $217,000. ProShare Advisors LLC acquired a new position in Delek US during the 4th quarter valued at about $223,000. Finally, Boothbay Fund Management LLC acquired a new position in Delek US during the 3rd quarter valued at about $237,000.
About Delek US (NYSE:DK)
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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