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

Delek US (NYSE:DK - Get Free Report) had its price objective hoisted by analysts at Raymond James Financial from $22.00 to $23.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an "outperform" rating on the oil and gas company's stock. Raymond James Financial's price target points to a potential downside of 0.56% from the company's current price.

A number of other analysts have also recently commented on the company. Morgan Stanley boosted their price target on Delek US from $14.00 to $15.00 and gave the stock an "underweight" rating in a research report on Monday, May 19th. The Goldman Sachs Group upped their price target on Delek US from $15.00 to $17.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. 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 report on Friday, April 11th. UBS Group cut their price objective on Delek US from $21.00 to $13.25 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Finally, Wells Fargo & Company increased their target price on Delek US from $11.00 to $15.00 and gave the company an "underweight" rating in a report on Wednesday, June 11th. Five research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Delek US presently has a consensus rating of "Hold" and an average price target of $17.60.

Delek US Trading Down 0.0%

Shares of NYSE:DK traded down $0.01 during midday trading on Monday, hitting $23.13. 1,213,012 shares of the stock traded hands, compared to its average volume of 1,379,601. The company has a quick ratio of 0.53, a current ratio of 0.85 and a debt-to-equity ratio of 7.05. The business's 50 day moving average is $18.43 and its two-hundred day moving average is $17.12. The stock has a market capitalization of $1.40 billion, a PE ratio of -2.08 and a beta of 0.98. Delek US has a one year low of $11.03 and a one year high of $24.69.

Delek US (NYSE:DK - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The oil and gas company reported ($2.32) EPS for the quarter, missing analysts' consensus estimates of ($2.27) by ($0.05). The business had revenue of $2.64 billion during the quarter, compared to analysts' expectations of $2.56 billion. Delek US had a negative return on equity of 63.88% and a negative net margin of 6.10%. The business's revenue was down 18.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.41) EPS. As a group, research analysts forecast that Delek US will post -5.5 earnings per share for the current year.

Hedge Funds Weigh In On Delek US

A number of institutional investors have recently modified their holdings of the stock. Kawa Capital Management Inc purchased a new stake in Delek US during the fourth quarter worth $4,297,000. Farther Finance Advisors LLC lifted its stake in shares of Delek US by 77.4% during the 1st quarter. Farther Finance Advisors LLC now owns 7,118 shares of the oil and gas company's stock worth $110,000 after purchasing an additional 3,105 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Delek US by 14.4% during the fourth quarter. Ameriprise Financial Inc. now owns 792,111 shares of the oil and gas company's stock valued at $14,654,000 after purchasing an additional 99,521 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Delek US during the fourth quarter valued at about $528,000. Finally, Northern Trust Corp grew its stake in Delek US by 8.0% in the fourth quarter. Northern Trust Corp now owns 903,840 shares of the oil and gas company's stock valued at $16,721,000 after purchasing an additional 66,815 shares during the last quarter. 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.