Delek US (NYSE:DK) Price Target Increased to $27.00 by Analysts at Raymond James

Delek US (NYSE:DKGet Rating) had its price target upped by investment analysts at Raymond James from $26.00 to $27.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the oil and gas company’s stock. Raymond James’ price target would suggest a potential upside of 8.48% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. Bank of America raised shares of Delek US from an “underperform” rating to a “neutral” rating and upped their price target for the company from $17.00 to $21.00 in a research note on Tuesday, March 8th. Morgan Stanley increased their target price on Delek US from $19.00 to $25.00 and gave the company an “underweight” rating in a research report on Monday. Zacks Investment Research upgraded Delek US from a “sell” rating to a “hold” rating and set a $18.00 price target for the company in a research note on Friday, February 4th. StockNews.com started coverage on Delek US in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Credit Suisse Group increased their price target on shares of Delek US from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Monday, March 14th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $22.38.

DK opened at $24.89 on Wednesday. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of -8.99 and a beta of 1.89. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.56 and a current ratio of 0.94. The firm’s fifty day moving average is $20.09 and its 200 day moving average is $18.36. Delek US has a fifty-two week low of $13.48 and a fifty-two week high of $26.09.

Delek US (NYSE:DKGet Rating) last issued its earnings results on Wednesday, February 23rd. The oil and gas company reported ($0.61) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.80) by $0.19. Delek US had a negative return on equity of 23.08% and a negative net margin of 1.91%. The company had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter last year, the company earned ($2.25) EPS. The firm’s quarterly revenue was up 65.1% on a year-over-year basis. On average, equities research analysts predict that Delek US will post 1.24 earnings per share for the current year.

In other news, Director Delek Us Holdings, Inc. sold 6,708 shares of the firm’s stock in a transaction dated Monday, January 24th. The stock was sold at an average price of $42.88, for a total transaction of $287,639.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 149,007 shares of company stock worth $6,335,460 over the last ninety days. 1.40% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its holdings in shares of Delek US by 2.1% in the fourth quarter. Victory Capital Management Inc. now owns 4,779,609 shares of the oil and gas company’s stock valued at $71,646,000 after buying an additional 98,722 shares during the period. Wellington Management Group LLP boosted its position in shares of Delek US by 4.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,962,417 shares of the oil and gas company’s stock valued at $71,205,000 after purchasing an additional 150,965 shares in the last quarter. State Street Corp lifted its stake in Delek US by 5.2% during the fourth quarter. State Street Corp now owns 3,252,052 shares of the oil and gas company’s stock valued at $48,748,000 after purchasing an additional 159,647 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Delek US by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,239,149 shares of the oil and gas company’s stock worth $48,555,000 after buying an additional 35,800 shares in the last quarter. Finally, Deprince Race & Zollo Inc. increased its holdings in shares of Delek US by 26.2% in the third quarter. Deprince Race & Zollo Inc. now owns 1,780,993 shares of the oil and gas company’s stock valued at $32,004,000 after buying an additional 370,039 shares in the last quarter. 89.24% of the stock is currently owned by institutional investors.

Delek US Company Profile (Get Rating)

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through three segments: Refining, Logistics, and Retail. 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.

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