Delek US (NYSE:DK) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Delek US (NYSE:DK) had its target price upped by equities research analysts at Raymond James Financial from $23.00 to $28.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the oil and gas company’s stock. Raymond James Financial’s target price would suggest a potential upside of 10.19% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Scotiabank restated a “sector perform” rating and set a $20.00 price target (up previously from $14.00) on shares of Delek US in a research note on Friday, July 11th. Mizuho upgraded shares of Delek US from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $22.00 to $23.00 in a research note on Tuesday, May 13th. The Goldman Sachs Group raised their price target on shares of Delek US from $15.00 to $17.00 and gave the stock a “neutral” rating in a research note on Friday, May 23rd. UBS Group cut 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, Morgan Stanley raised 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. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $19.71.

Delek US Stock Down 2.9%

NYSE DK opened at $25.41 on Tuesday. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.53 and a current ratio of 0.85. The firm has a 50-day simple moving average of $20.70 and a 200 day simple moving average of $17.69. Delek US has a twelve month low of $11.03 and a twelve month high of $27.07. The stock has a market cap of $1.54 billion, a PE ratio of -2.29 and a beta of 0.98.

Delek US (NYSE:DK) last released its earnings results on Wednesday, May 7th. The oil and gas company reported ($2.32) earnings per share for the quarter, missing the consensus estimate of ($2.27) by ($0.05). Delek US had a negative net margin of 6.10% and a negative return on equity of 63.88%. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the previous year, the business posted ($0.41) EPS. The firm’s quarterly revenue was down 18.1% on a year-over-year basis. On average, research analysts forecast that Delek US will post -5.5 EPS for the current year.

Institutional Trading of Delek US

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ion Asset Management Ltd. grew its holdings in Delek US by 6.4% during the 1st quarter. Ion Asset Management Ltd. now owns 3,676,400 shares of the oil and gas company’s stock worth $55,403,000 after acquiring an additional 221,400 shares during the period. Barclays PLC boosted its position in shares of Delek US by 23.1% during the fourth quarter. Barclays PLC now owns 1,842,035 shares of the oil and gas company’s stock worth $34,078,000 after purchasing an additional 345,210 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Delek US by 35.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,037,599 shares of the oil and gas company’s stock worth $15,637,000 after purchasing an additional 270,792 shares in the last quarter. Nuveen Asset Management LLC boosted its position in shares of Delek US by 21.9% during the fourth quarter. Nuveen Asset Management LLC now owns 1,005,309 shares of the oil and gas company’s stock worth $18,598,000 after purchasing an additional 180,498 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Delek US by 9.2% during the first quarter. Northern Trust Corp now owns 987,086 shares of the oil and gas company’s stock worth $14,875,000 after purchasing an additional 83,246 shares in 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.