TD Cowen Has Lowered Expectations for Delek US (NYSE:DK) Stock Price

Key Points

• TD Cowen has cut its price target for Delek US from $18.00 to $15.00, suggesting a potential downside of 27.89% from the stock's previous close.
• The company's stock currently has an average rating of "Hold" with a consensus price target of $20.35, indicating mixed sentiments from analysts.
• Delek US reported a loss of ($0.56) earnings per share for the last quarter, surpassing analyst expectations, but the revenue was down 16.4% year-over-year.

Delek US (NYSE:DK - Get Free Report) had its target price lowered by stock analysts at TD Cowen from $18.00 to $15.00 in a research report issued to clients and investors on Friday, Marketbeat reports. The firm presently has a "sell" rating on the oil and gas company's stock. TD Cowen's target price points to a potential downside of 27.33% from the company's previous close.

Several other equities analysts have also issued reports on the stock. Piper Sandler lifted their price target on shares of Delek US from $17.00 to $27.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. Wells Fargo & Company boosted their price objective on shares of Delek US from $11.00 to $15.00 and gave the company an "underweight" rating in a report on Wednesday, June 11th. Citigroup reissued a "neutral" rating and set a $30.00 price objective (up from $15.00) on shares of Delek US in a report on Wednesday, July 16th. Mizuho raised shares of Delek US from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $22.00 to $23.00 in a report on Tuesday, May 13th. Finally, The Goldman Sachs Group boosted their price objective on shares of Delek US from $15.00 to $17.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Six investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $20.35.

Delek US Stock Down 0.5%

NYSE:DK traded down $0.10 during trading hours on Friday, reaching $20.64. The company's stock had a trading volume of 2,206,045 shares, compared to its average volume of 1,778,984. The company has a market capitalization of $1.24 billion, a P/E ratio of -1.68 and a beta of 1.00. Delek US has a 12 month low of $11.02 and a 12 month high of $27.07. 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 stock has a 50 day moving average price of $22.19 and a two-hundred day moving average price of $18.12.

Delek US (NYSE:DK - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The oil and gas company reported ($0.56) EPS for the quarter, topping analysts' consensus estimates of ($0.92) by $0.36. The company had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.68 billion. Delek US had a negative net margin of 7.11% and a negative return on equity of 68.78%. Delek US's revenue for the quarter was down 16.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.92) earnings per share. Equities analysts predict that Delek US will post -5.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DK. Sterling Capital Management LLC raised its position in shares of Delek US by 728.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company's stock worth $28,000 after acquiring an additional 1,311 shares during the period. CWM LLC raised its position in shares of 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 during the last quarter. AlphaQuest LLC raised its position in shares of Delek US by 7,331.8% during the 2nd quarter. AlphaQuest LLC now owns 1,635 shares of the oil and gas company's stock worth $35,000 after purchasing an additional 1,613 shares during the last quarter. Creative Financial Designs Inc. ADV acquired a new position in shares of Delek US during the 1st quarter worth about $47,000. Finally, GAMMA Investing LLC raised its position in shares of 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 during the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

About Delek US

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.