Delek US (NYSE:DK) Price Target Raised to $20.00 at Scotiabank

Delek US (NYSE:DK - Get Free Report) had its price target lifted by analysts at Scotiabank from $14.00 to $20.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a "sector perform" rating on the oil and gas company's stock. Scotiabank's price target suggests a potential downside of 24.61% from the company's previous close.

Several other analysts have also recently weighed in on the company. The Goldman Sachs Group boosted their price objective on Delek US from $15.00 to $17.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Mizuho raised Delek US from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $22.00 to $23.00 in a report on Tuesday, May 13th. Morgan Stanley boosted their price objective on Delek US from $14.00 to $15.00 and gave the stock an "underweight" rating in a report on Monday, May 19th. UBS Group dropped 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 boosted their price objective on Delek US from $11.00 to $15.00 and gave the stock an "underweight" rating in a report on Wednesday, June 11th. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, Delek US currently has a consensus rating of "Hold" and a consensus target price of $18.10.

Delek US Price Performance

Shares of Delek US stock traded down $0.14 during trading on Friday, reaching $26.53. The company's stock had a trading volume of 2,489,642 shares, compared to its average volume of 1,411,760. The stock has a 50-day moving average price of $19.99 and a two-hundred day moving average price of $17.51. The company has a current ratio of 0.85, a quick ratio of 0.53 and a debt-to-equity ratio of 7.05. Delek US has a one year low of $11.03 and a one year high of $27.07. The stock has a market capitalization of $1.61 billion, a P/E ratio of -2.39 and a beta of 0.98.

Delek US (NYSE:DK - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The oil and gas company reported ($2.32) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the prior year, the firm earned ($0.41) earnings per share. The business's quarterly revenue was down 18.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Delek US will post -5.5 EPS for the current fiscal year.

Institutional Trading of Delek US

A number of institutional investors and hedge funds have recently modified their holdings of DK. Sterling Capital Management LLC increased its stake in shares of 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 acquiring an additional 1,311 shares during the last quarter. CWM LLC increased its stake in 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 in the last quarter. Creative Financial Designs Inc. ADV bought a new stake in Delek US during the 1st quarter worth approximately $47,000. GAMMA Investing LLC increased its stake in 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 in the last quarter. Finally, State of Wyoming bought a new stake in Delek US during the 1st quarter worth approximately $95,000. 97.01% of the stock is owned by 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.