Delek US (NYSE:DK) Price Target Raised to $27.00

Delek US (NYSE:DK - Get Free Report) had its target price raised by analysts at Scotiabank from $25.00 to $27.00 in a report released on Thursday, Benzinga reports. The firm presently has a "sector perform" rating on the oil and gas company's stock. Scotiabank's price objective suggests a potential downside of 14.53% from the stock's current price.

A number of other research firms also recently weighed in on DK. StockNews.com downgraded shares of Delek US from a "buy" rating to a "hold" rating in a research note on Thursday, February 29th. Wells Fargo & Company upped their price target on shares of Delek US from $21.00 to $26.00 and gave the company an "underweight" rating in a report on Wednesday, March 20th. Mizuho upped their price target on shares of Delek US from $26.00 to $30.00 and gave the company an "underperform" rating in a report on Friday, March 22nd. TD Cowen upped their price target on shares of Delek US from $23.00 to $24.00 and gave the company a "market perform" rating in a report on Wednesday, February 28th. Finally, Citigroup assumed coverage on shares of Delek US in a report on Wednesday, January 24th. They set a "neutral" rating for the company. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Delek US currently has a consensus rating of "Hold" and a consensus price target of $28.56.

Delek US Price Performance

Shares of Delek US stock traded up $0.12 during trading on Thursday, hitting $31.59. 726,115 shares of the company's stock traded hands, compared to its average volume of 1,045,772. The company has a market cap of $2.02 billion, a PE ratio of 143.82 and a beta of 1.32. Delek US has a twelve month low of $19.39 and a twelve month high of $33.60. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.99 and a quick ratio of 0.63. The firm's fifty day moving average price is $28.57 and its 200 day moving average price is $27.14.

Delek US (NYSE:DK - Get Free Report) last released its quarterly earnings results on Tuesday, February 27th. The oil and gas company reported ($1.46) EPS for the quarter, missing analysts' consensus estimates of ($1.28) by ($0.18). The firm had revenue of $4.05 billion during the quarter, compared to analyst estimates of $3.55 billion. Delek US had a net margin of 0.12% and a return on equity of 18.27%. Delek US's quarterly revenue was down 9.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.88 earnings per share. Analysts forecast that Delek US will post 1.27 earnings per share for the current year.

Insider Activity at Delek US

In related news, CFO Robert G. Wright sold 2,123 shares of Delek US stock in a transaction on Monday, February 12th. The shares were sold at an average price of $28.50, for a total value of $60,505.50. Following the completion of the sale, the chief financial officer now owns 18,925 shares of the company's stock, valued at approximately $539,362.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders sold 4,976 shares of company stock valued at $141,243. 0.35% of the stock is owned by company insiders.

Hedge Funds Weigh In On Delek US

Hedge funds and other institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc purchased a new position in shares of Delek US in the 3rd quarter worth about $28,000. Spirit of America Management Corp NY bought a new stake in Delek US in the 4th quarter valued at about $26,000. Comerica Bank bought a new stake in Delek US in the 3rd quarter valued at about $29,000. BluePath Capital Management LLC bought a new stake in Delek US in the 3rd quarter valued at about $30,000. Finally, Advisor Group Holdings Inc. raised its stake in Delek US by 44.3% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,582 shares of the oil and gas company's stock valued at $33,000 after acquiring an additional 486 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

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.