Delek US (NYSE:DK) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Delek US (NYSE:DK) had its price target upped by equities researchers at The Goldman Sachs Group from $15.00 to $17.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the oil and gas company’s stock. The Goldman Sachs Group’s price objective would indicate a potential downside of 12.52% from the stock’s current price.

A number of other brokerages have also weighed in on DK. Raymond James reduced their price target on shares of Delek US from $24.00 to $23.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Morgan Stanley upped their price target on shares of Delek US from $14.00 to $15.00 and gave the stock an “underweight” rating in a research note on Monday, May 19th. Scotiabank reduced their price target 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. UBS Group reduced their price target on shares of Delek US from $21.00 to $13.25 and set a “neutral” rating for the company in a research note on Wednesday, April 9th. Finally, Piper Sandler reduced their price target on shares of Delek US from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $17.27.

Delek US Stock Down 1.2%

Delek US stock opened at $19.43 on Friday. The company has a 50-day simple moving average of $14.79 and a 200-day simple moving average of $16.75. The firm has a market capitalization of $1.18 billion, a P/E ratio of -4.00 and a beta of 0.74. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04. Delek US has a one year low of $11.03 and a one year high of $27.90.

Delek US (NYSE:DK) last released its earnings results on Wednesday, May 7th. The oil and gas company reported ($2.32) EPS for the quarter, missing the consensus estimate of ($2.27) by ($0.05). The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.56 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The firm’s quarterly revenue was down 18.1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.41) EPS. As a group, equities analysts expect that Delek US will post -5.5 earnings per share for the current year.

Insider Activity at Delek US

In other news, CFO Mark Wayne Hobbs purchased 2,800 shares of Delek US stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average price of $13.70 per share, for a total transaction of $38,360.00. Following the transaction, the chief financial officer now owns 49,138 shares in the company, valued at $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 available at this link. In the last 90 days, insiders bought 5,055 shares of company stock worth $70,787. 1.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC increased its stake in Delek US by 728.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 1,311 shares during the period. CWM LLC increased its stake in shares of 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 purchasing an additional 1,164 shares during the last quarter. Creative Financial Designs Inc. ADV acquired a new position in shares of Delek US during the 1st quarter worth $47,000. GAMMA Investing LLC increased its stake in shares of Delek US by 907.0% during the 1st quarter. GAMMA Investing LLC now owns 4,159 shares of the oil and gas company’s stock worth $63,000 after purchasing an additional 3,746 shares during the last quarter. Finally, KBC Group NV increased its stake in shares of Delek US by 66.3% during the 4th quarter. KBC Group NV now owns 3,859 shares of the oil and gas company’s stock worth $71,000 after purchasing an additional 1,538 shares during the last quarter. 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.