Delek US - DK Stock Forecast, Price & News

Delek US Holdings, Inc. engages in the integrated downstream energy business in the United States. The company operates through three segments: Refining, Logistics, and Retail. 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. It owns and operates four independent refineries located in Tyler, Texas; El Dorado, Arkansas; Big Spring, Texas; and Krotz Springs, Louisiana, as well as three biodiesel facilities in Crossett, Arkansas, Cleburne, Texas, and New Albany. The Logistics segment gathers, transports, and stores crude oil, intermediate, and refined products; and markets, distributes, transports, and stores refined products for third parties. It owns or leases capacity on approximately 400 miles of crude oil transportation pipelines, approximately 450 miles of refined product pipelines, an approximately 900-mile crude oil gathering system, and associated crude oil storage tanks with an aggregate of approximately 10.2 million barrels of active shell capacity; and owns and operates ten light product distribution terminals, as well as markets light products using third-party terminals. The Retail segment owns and leases 248 convenience store sites located primarily in West Texas and New Mexico. Its convenience stores offer various grades of gasoline and diesel under the DK or Alon brand; and food products and service, tobacco products, non-alcoholic and alcoholic beverages, and general merchandise, as well as money orders to the public primarily under the 7-Eleven and DK or Alon brand names. It serves oil companies, independent refiners and marketers, jobbers, distributors, utility and transportation companies, the U.S. government, and independent retail fuel operators. Delek US Holdings, Inc. was founded in 2001 and is headquartered in Brentwood, Tennessee.

Delek US Stock Performance

NYSE:DK remained flat at $24.25 during trading hours on Monday. The company's stock had a trading volume of 1,273,837 shares, compared to its average volume of 1,436,547. The firm has a 50-day moving average price of $26.92 and a 200-day moving average price of $23.50. The firm has a market capitalization of $2.14 billion, a PE ratio of 5.04, a P/E/G ratio of 0.19 and a beta of 1.56. Delek US has a 1-year low of $13.48 and a 1-year high of $35.23. The company has a debt-to-equity ratio of 2.19, a current ratio of 0.97 and a quick ratio of 0.60.

Delek US (NYSE:DK - Get Rating) last announced its quarterly earnings data on Thursday, August 4th. The oil and gas company reported $4.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.47 by $1.93. The business had revenue of $5.98 billion during the quarter, compared to analysts' expectations of $4.09 billion. Delek US had a return on equity of 33.35% and a net margin of 2.09%. The firm's quarterly revenue was up 173.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.88) earnings per share. As a group, equities analysts anticipate that Delek US will post 7.68 EPS for the current year.

Delek US Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 6th. Shareholders of record on Monday, August 22nd will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend is Friday, August 19th.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. StockNews.com upgraded Delek US from a "hold" rating to a "buy" rating in a report on Saturday, May 21st. Raymond James increased their price objective on Delek US from $32.00 to $35.00 and gave the stock an "outperform" rating in a report on Friday. Credit Suisse Group increased their price objective on Delek US to $32.00 in a report on Thursday, June 9th. Morgan Stanley increased their price objective on Delek US from $25.00 to $27.00 and gave the stock an "underweight" rating in a report on Friday, July 15th. Finally, Wells Fargo & Company raised their target price on Delek US from $37.00 to $40.00 and gave the company an "overweight" rating in a research note on Tuesday, June 14th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Delek US currently has a consensus rating of "Hold" and a consensus target price of $27.45.