Delek US (NYSE:DK) Stock Rating Upgraded by Wolfe Research

Delek US (NYSE:DK) was upgraded by research analysts at Wolfe Research from an “underperform” rating to a “peer perform” rating in a report issued on Friday, MarketBeat.com reports.

DK has been the subject of a number of other reports. Piper Sandler reduced their target price on shares of Delek US from $25.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, September 20th. Wells Fargo & Company reduced their price objective on Delek US from $18.00 to $16.00 and set an “underweight” rating for the company in a research note on Monday, December 9th. JPMorgan Chase & Co. boosted their target price on Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Bank of America started coverage on Delek US in a research note on Thursday, October 17th. They issued an “underperform” rating and a $15.00 price target on the stock. Finally, StockNews.com lowered shares of Delek US from a “hold” rating to a “sell” rating in a research note on Saturday, September 21st. Five equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $21.00.

Delek US Stock Up 0.9 %

Shares of DK stock opened at $18.62 on Friday. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04. The stock has a market cap of $1.18 billion, a PE ratio of -3.83 and a beta of 1.22. The business’s fifty day moving average is $17.79 and its 200-day moving average is $19.83. Delek US has a 1 year low of $15.36 and a 1 year high of $33.60.

Delek US (NYSE:DK) last issued its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) EPS for the quarter, topping the consensus estimate of ($1.71) by $0.26. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The firm had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $3.23 billion. During the same period in the previous year, the business earned $2.02 earnings per share. Delek US’s revenue for the quarter was down 34.3% compared to the same quarter last year. Equities analysts expect that Delek US will post -4.4 earnings per share for the current fiscal year.

Institutional Trading of Delek US

Hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP acquired a new stake in Delek US in the second quarter valued at approximately $43,000. Farther Finance Advisors LLC lifted its stake in shares of Delek US by 24.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock valued at $145,000 after purchasing an additional 1,508 shares during the last quarter. Capstone Investment Advisors LLC bought a new stake in Delek US in the third quarter worth $193,000. MQS Management LLC bought a new stake in Delek US in the third quarter worth $201,000. Finally, Chesapeake Capital Corp IL acquired a new position in Delek US during the second quarter worth $223,000. 97.01% of the stock is currently 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.