The Goldman Sachs Group Issues Pessimistic Forecast for Delek US (NYSE:DK) Stock Price

Delek US (NYSE:DK) had its price target cut by research analysts at The Goldman Sachs Group from $17.00 to $15.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the oil and gas company’s stock. The Goldman Sachs Group’s target price indicates a potential upside of 10.48% from the company’s previous close.

Several other research analysts have also recently issued reports on the company. Mizuho cut their target price on Delek US from $25.00 to $22.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 9th. Wells Fargo & Company reduced their target price on shares of Delek US from $16.00 to $11.00 and set an “underweight” rating for the company in a research note on Wednesday, April 16th. Wolfe Research upgraded shares of Delek US from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. UBS Group cut their price target on shares of Delek US from $21.00 to $13.25 and set a “neutral” rating on the stock in a report on Wednesday, April 9th. Finally, Scotiabank decreased their price objective on shares of Delek US from $24.00 to $14.00 and set a “sector perform” rating for the company in a research note on Friday, April 11th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $16.94.

Delek US Stock Performance

NYSE DK opened at $13.58 on Wednesday. The company has a market cap of $848.74 million, a P/E ratio of -2.79 and a beta of 1.04. The company has a fifty day simple moving average of $14.28 and a 200 day simple moving average of $16.73. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18. Delek US has a 12-month low of $11.03 and a 12-month high of $29.14.

Delek US (NYSE:DK) last issued its quarterly earnings data on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.53) by ($1.01). Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.58 billion. During the same quarter in the prior year, the business earned ($1.46) earnings per share. The firm’s quarterly revenue was down 39.8% compared to the same quarter last year. Sell-side analysts predict that Delek US will post -5.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Mark Wayne Hobbs purchased 2,800 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average cost of $13.70 per share, with a total value of $38,360.00. Following the completion of the acquisition, the chief financial officer now directly owns 49,138 shares of the company’s stock, valued at approximately $673,190.60. The trade was a 6.04 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders acquired 5,055 shares of company stock worth $70,787 over the last quarter. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of Delek US

A number of institutional investors have recently added to or reduced their stakes in the stock. ELCO Management Co. LLC lifted its holdings in shares of Delek US by 21.6% in the first quarter. ELCO Management Co. LLC now owns 27,795 shares of the oil and gas company’s stock worth $419,000 after buying an additional 4,940 shares in the last quarter. CWM LLC increased its holdings in Delek US by 100.9% during the 1st quarter. CWM LLC now owns 2,318 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 1,164 shares during the period. Nisa Investment Advisors LLC lifted its stake in Delek US by 1,548.4% in the 1st quarter. Nisa Investment Advisors LLC now owns 13,270 shares of the oil and gas company’s stock worth $200,000 after purchasing an additional 12,465 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Delek US by 20.8% in the 1st quarter. Bank of New York Mellon Corp now owns 295,727 shares of the oil and gas company’s stock valued at $4,457,000 after purchasing an additional 50,825 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. grew its position in shares of Delek US by 238.1% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 750,319 shares of the oil and gas company’s stock valued at $11,307,000 after purchasing an additional 528,400 shares in the last quarter. Hedge funds and other institutional investors 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.