Shares of Delek US Holdings, Inc. (NYSE:DK) have been assigned a consensus rating of “Hold” from the sixteen brokerages that are covering the firm, Marketbeat reports. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $29.00.
Several equities analysts recently weighed in on DK shares. Macquarie raised Delek US Holdings from a “neutral” rating to an “outperform” rating in a research note on Monday, October 23rd. Zacks Investment Research downgraded Delek US Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. BidaskClub downgraded Delek US Holdings from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th. Wolfe Research raised Delek US Holdings from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 25th. Finally, Scotiabank set a $26.00 price objective on Delek US Holdings and gave the company a “hold” rating in a research note on Thursday, August 3rd.
Delek US Holdings (NYSE:DK) last issued its earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.37). Delek US Holdings had a negative return on equity of 4.60% and a negative net margin of 3.15%. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $944.29 million. During the same period last year, the company posted ($0.08) earnings per share. The business’s quarterly revenue was up 7.3% on a year-over-year basis.
In other news, Director Charles H. Leonard sold 2,500 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $22.10, for a total transaction of $55,250.00. Following the sale, the director now owns 23,035 shares in the company, valued at $509,073.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Carlos E. Jorda sold 4,000 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $25.78, for a total value of $103,120.00. Following the sale, the director now owns 47,835 shares in the company, valued at approximately $1,233,186.30. The disclosure for this sale can be found here. Insiders have sold 10,027 shares of company stock valued at $249,830 in the last three months. 1.61% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the company. Amalgamated Bank acquired a new stake in shares of Delek US Holdings during the second quarter worth $207,000. Aperio Group LLC acquired a new stake in shares of Delek US Holdings during the third quarter worth $236,000. Airain ltd acquired a new stake in shares of Delek US Holdings during the second quarter worth $244,000. SG Americas Securities LLC acquired a new stake in shares of Delek US Holdings during the second quarter worth $245,000. Finally, Virtu Financial LLC acquired a new stake in shares of Delek US Holdings during the second quarter worth $252,000. Institutional investors and hedge funds own 97.01% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Delek US Holdings, Inc. (DK) Receives $29.00 Consensus Target Price from Analysts” was originally reported by Community Financial News and is owned by of Community Financial News. If you are accessing this story on another domain, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this story can be viewed at https://www.com-unik.info/2017/11/03/delek-us-holdings-inc-dk-receives-29-00-consensus-target-price-from-analysts.html.
Delek US Holdings Company Profile
Delek US Holdings, Inc is a diversified downstream energy company. The Company has a broad platform consisting of refining, logistics, retail and wholesale marketing, renewables and asphalt operations. It operates through five segments: refining, logistics, asphalt, renewable and retail. Its refining assets consist of refineries operated in Tyler and Big Spring, Texas, El Dorado, Arkansas and Krotz Springs, Louisiana with a combined nameplate crude throughput capacity of 302,000 barrels per day.
What are top analysts saying about Delek US Holdings Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Delek US Holdings Inc. and related companies.