Delek US (NYSE:DK) Price Target Lowered to $25.00 at Mizuho

Delek US (NYSE:DK) had its target price cut by equities researchers at Mizuho from $26.00 to $25.00 in a report released on Monday,Benzinga reports. The firm presently has a “neutral” rating on the oil and gas company’s stock. Mizuho’s target price suggests a potential upside of 48.54% from the stock’s previous close.

Several other research analysts have also commented on the stock. Wells Fargo & Company decreased their price target on shares of Delek US from $18.00 to $16.00 and set an “underweight” rating for the company in a report on Monday, December 9th. StockNews.com downgraded Delek US from a “hold” rating to a “sell” rating in a report on Saturday, September 21st. Scotiabank lowered their price objective on Delek US from $25.00 to $22.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. Bank of America assumed coverage on shares of Delek US in a research report on Thursday, October 17th. They set an “underperform” rating and a $15.00 price target for the company. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Six analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat.com, Delek US currently has an average rating of “Hold” and a consensus price target of $21.00.

Delek US Trading Down 3.6 %

Shares of Delek US stock traded down $0.62 during trading hours on Monday, hitting $16.83. The company’s stock had a trading volume of 400,286 shares, compared to its average volume of 1,068,234. 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 company has a market capitalization of $1.06 billion, a PE ratio of -3.48 and a beta of 1.22. The business has a fifty day moving average of $18.02 and a 200 day moving average of $20.56. Delek US has a 1-year low of $15.36 and a 1-year high of $33.60.

Delek US (NYSE:DK) last posted its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.71) by $0.26. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The company had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.23 billion. During the same quarter last year, the firm posted $2.02 earnings per share. The business’s quarterly revenue was down 34.3% on a year-over-year basis. As a group, equities analysts forecast that Delek US will post -4.4 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DK. Quarry LP acquired a new position in shares of Delek US during the second quarter worth approximately $43,000. Farther Finance Advisors LLC lifted its position in shares of Delek US by 24.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock worth $145,000 after acquiring an additional 1,508 shares during the period. Capstone Investment Advisors LLC bought a new position in Delek US in the third quarter worth $193,000. Bailard Inc. acquired a new stake in Delek US during the second quarter worth $201,000. Finally, MQS Management LLC bought a new stake in Delek US in the 3rd quarter valued at $201,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Delek US Company Profile

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.