Piper Sandler Lowers Delek US (NYSE:DK) Price Target to $17.00

Delek US (NYSE:DK - Get Free Report) had its price objective lowered by equities researchers at Piper Sandler from $18.00 to $17.00 in a note issued to investors on Friday, MarketBeat reports. The firm currently has a "neutral" rating on the oil and gas company's stock. Piper Sandler's target price would indicate a potential upside of 23.05% from the company's current price.

DK has been the topic of several other research reports. Wells Fargo & Company reduced their price objective on shares of Delek US from $17.00 to $15.00 and set an "underweight" rating on the stock in a research report on Wednesday, February 26th. JPMorgan Chase & Co. lifted their target price on Delek US from $21.00 to $22.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Wolfe Research raised shares of Delek US from an "underperform" rating to a "peer perform" rating in a report on Friday, January 3rd. Finally, Mizuho lowered their target price on shares of Delek US from $26.00 to $25.00 and set a "neutral" rating for the company in a report on Monday, December 16th. Five equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $20.70.

Delek US Stock Up 2.1 %

Shares of NYSE DK traded up $0.29 during trading on Friday, reaching $13.82. The company had a trading volume of 1,484,705 shares, compared to its average volume of 1,131,284. The business's 50-day moving average is $17.91 and its 200 day moving average is $18.24. The stock has a market cap of $863.62 million, a PE ratio of -2.84 and a beta of 1.14. Delek US has a 12-month low of $13.40 and a 12-month high of $33.60. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18.

Remove Ads

Delek US (NYSE:DK - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The oil and gas company reported ($2.54) EPS for the quarter, missing analysts' consensus estimates of ($1.53) by ($1.01). Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The firm had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.58 billion. During the same quarter last year, the company posted ($1.46) EPS. The firm's revenue was down 39.8% compared to the same quarter last year. As a group, equities analysts forecast that Delek US will post -5.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sterling Capital Management LLC raised its stake in shares of Delek US by 728.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company's stock valued at $28,000 after purchasing an additional 1,311 shares during the period. KBC Group NV boosted its position in Delek US by 66.3% during the 4th quarter. KBC Group NV now owns 3,859 shares of the oil and gas company's stock valued at $71,000 after purchasing an additional 1,538 shares during the period. Farther Finance Advisors LLC grew its holdings in 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 worth $145,000 after buying an additional 1,508 shares in the last quarter. ARS Investment Partners LLC acquired a new stake in shares of Delek US in the 4th quarter worth approximately $185,000. Finally, Capstone Investment Advisors LLC bought a new position in Delek US during the 3rd quarter valued at $193,000. Institutional investors and hedge funds own 97.01% of the company's stock.

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.