Delek US (NYSE:DK) PT Raised to $29.00

Delek US (NYSE:DK – Get Rating) had its price objective hoisted by Morgan Stanley from $27.00 to $29.00 in a report released on Friday, Benzinga reports. The brokerage presently has an “underweight” rating on the oil and gas company’s stock. Morgan Stanley’s price objective suggests a potential upside of 10.10% from the company’s previous close.

A number of other analysts have also issued reports on the company. Wells Fargo & Company lowered Delek US from an “overweight” rating to an “underweight” rating and lowered their price target for the company from $40.00 to $24.00 in a report on Thursday, January 5th. JPMorgan Chase & Co. lowered their target price on Delek US from $28.00 to $26.00 and set an “underweight” rating for the company in a report on Tuesday, November 15th. Scotiabank upgraded Delek US from a “sector underperform” rating to a “sector perform” rating and set a $35.00 target price for the company in a report on Tuesday, November 8th. StockNews.com lowered Delek US from a “buy” rating to a “hold” rating in a report on Tuesday, December 6th. Finally, Mizuho lowered Delek US from a “neutral” rating to an “underperform” rating and upped their target price for the stock from $25.00 to $30.00 in a report on Tuesday, January 10th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $31.42.

Delek US Trading Down 1.5 %

DK opened at $26.34 on Friday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.63 and a current ratio of 1.05. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 5.64, a P/E/G ratio of 0.62 and a beta of 1.42. The stock’s 50 day moving average price is $28.18 and its 200-day moving average price is $27.75. Delek US has a one year low of $14.71 and a one year high of $35.45.

Delek US (NYSE:DK – Get Rating) last announced its quarterly earnings results on Monday, November 7th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.29). The firm had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $4.07 billion. Delek US had a net margin of 1.77% and a return on equity of 27.61%. On average, equities analysts forecast that Delek US will post 6.13 EPS for the current year.

Hedge Funds Weigh In On Delek US

Several hedge funds have recently made changes to their positions in the company. Mackenzie Financial Corp acquired a new stake in Delek US during the 3rd quarter worth about $254,000. Pinebridge Investments L.P. grew its position in Delek US by 386.3% during the 2nd quarter. Pinebridge Investments L.P. now owns 1,945 shares of the oil and gas company’s stock worth $50,000 after purchasing an additional 1,545 shares during the period. Ion Asset Management Ltd. acquired a new stake in shares of Delek US during the 2nd quarter valued at about $18,696,000. State of New Jersey Common Pension Fund D acquired a new stake in shares of Delek US during the 2nd quarter valued at about $2,083,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Delek US during the 2nd quarter valued at about $504,000. 98.34% of the stock is owned by institutional investors and hedge funds.

Delek US Company Profile

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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.