Zacks Research Weighs in on Delek US's Q2 Earnings (NYSE:DK)

Key Points

• Zacks Research raised Delek US’s Q2 2027 EPS estimate to $1.69 from $1.52; the current full-year consensus estimate is $18.04 per share.
• Analyst sentiment is generally positive, with Delek US carrying a “Moderate Buy” consensus rating and an average price target of $70.83. TD Cowen and Goldman Sachs recently raised their targets to $90 and $97, respectively.
• Delek US’s latest reported quarter significantly exceeded expectations, with EPS of $5.48 versus the $2.67 consensus and revenue up 47.9% year over year to $4.09 billion; however, insiders have sold more than $11 million of stock over the past 90 days.

Delek US Holdings, Inc. (NYSE:DK - Free Report) - Stock analysts at Zacks Research boosted their Q2 2027 earnings per share (EPS) estimates for shares of Delek US in a note issued to investors on Friday, October 23rd. Zacks Research analyst Team now anticipates that the oil and gas company will post earnings per share of $1.69 for the quarter, up from their prior estimate of $1.52. The consensus estimate for Delek US's current full-year earnings is $18.04 per share.

Several other research analysts also recently commented on DK. TD Cowen raised their target price on Delek US from $85.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday. Morgan Stanley upped their price target on Delek US from $45.00 to $81.00 and gave the company an "equal weight" rating in a research report on Monday, September 14th. JPMorgan Chase & Co. increased their price target on shares of Delek US from $57.00 to $62.00 and gave the stock a "neutral" rating in a report on Tuesday, July 14th. The Goldman Sachs Group raised their price objective on shares of Delek US from $83.00 to $97.00 and gave the company a "buy" rating in a research report on Thursday, October 15th. Finally, Weiss Ratings raised shares of Delek US from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Delek US currently has an average rating of "Moderate Buy" and an average target price of $70.83.

Delek US Stock Down 0.1%

DK stock opened at $74.34 on Monday. The stock has a fifty day moving average of $73.49 and a 200-day moving average of $58.48. Delek US has a fifty-two week low of $25.85 and a fifty-two week high of $82.27. The company has a market capitalization of $4.55 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 0.56 and a beta of 0.62. The company has a debt-to-equity ratio of 7.53, a quick ratio of 0.47 and a current ratio of 0.76.

Delek US (NYSE:DK - Get Free Report) last posted its earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share for the quarter, topping analysts' consensus estimates of $2.67 by $2.81. Delek US had a net margin of 1.86% and a return on equity of 109.03%. The company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same quarter in the prior year, the business posted ($0.56) EPS. The firm's revenue was up 47.9% compared to the same quarter last year.

Insider Activity at Delek US

In related news, Director Gary M. Jr. Sullivan sold 27,688 shares of the company's stock in a transaction on Monday, August 24th. The stock was sold at an average price of $69.01, for a total value of $1,910,748.88. Following the sale, the director directly owned 32,004 shares of the company's stock, valued at $2,208,596.04. This represents a 46.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Avigal Soreq sold 80,000 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $66.51, for a total transaction of $5,320,800.00. Following the completion of the transaction, the chief executive officer owned 231,486 shares of the company's stock, valued at approximately $15,396,133.86. The trade was a 25.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 163,377 shares of company stock worth $11,082,485 over the last 90 days. 3.56% of the stock is owned by insiders.

Institutional Trading of Delek US

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Delek US during the 2nd quarter valued at approximately $275,233,000. Bank of America Corp DE bought a new stake in Delek US in the second quarter worth $37,664,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Delek US during the second quarter worth $22,987,000. Bank of New York Mellon Corp purchased a new position in Delek US during the second quarter worth $19,760,000. Finally, SIR Capital Management L.P. purchased a new position in Delek US during the second quarter worth $18,459,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Delek US Company Profile

Delek US Holdings, Inc is a downstream energy company headquartered in Brentwood, Tennessee. The company operates petroleum refineries and related logistics assets, producing and transporting fuels and other refined petroleum products for markets primarily in the southern United States.

Through its refining operations, Delek processes crude oil into products such as gasoline, diesel, jet fuel and asphalt. Its logistics business, conducted in part through Delek Logistics Partners, owns and operates pipelines, crude oil gathering systems, storage terminals, transportation assets and other infrastructure that supports the movement of crude oil and refined products.

Delek has also operated convenience stores and fuel stations, particularly in Texas and neighboring states, under brands including DK and Alon.

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