Mizuho Cuts Delek US (NYSE:DK) Price Target to $25.00

Delek US (NYSE:DK - Get Free Report) had its price target cut by investment analysts at Mizuho from $26.00 to $25.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a "neutral" rating on the oil and gas company's stock. Mizuho's price target would suggest a potential upside of 51.52% from the company's previous close.

A number of other research analysts have also weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of Delek US from $21.00 to $22.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th. Wells Fargo & Company decreased their price objective on Delek US from $18.00 to $16.00 and set an "underweight" rating for the company in a report on Monday, December 9th. 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 objective for the company. StockNews.com downgraded shares of Delek US from a "hold" rating to a "sell" rating in a research report on Saturday, September 21st. Finally, Scotiabank dropped their target price on shares of Delek US from $25.00 to $22.00 and set a "sector perform" rating on the stock in a research report on Thursday, October 10th. Six equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, Delek US presently has a consensus rating of "Hold" and an average target price of $21.00.

Delek US Trading Down 5.4 %

NYSE:DK traded down $0.95 during trading hours on Monday, hitting $16.50. 1,130,346 shares of the company were exchanged, compared to its average volume of 1,071,480. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of -3.46 and a beta of 1.22. Delek US has a one year low of $15.36 and a one year high of $33.60. The company has a fifty day simple moving average of $18.02 and a 200 day simple moving average of $20.56. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18.

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

Hedge Funds Weigh In On Delek US

Institutional investors have recently added to or reduced their stakes in the business. SummerHaven Investment Management LLC increased its stake in Delek US by 1.8% in the second quarter. SummerHaven Investment Management LLC now owns 32,845 shares of the oil and gas company's stock valued at $813,000 after acquiring an additional 580 shares during the last quarter. Easterly Investment Partners LLC raised its holdings in shares of Delek US by 26.7% during the 2nd quarter. Easterly Investment Partners LLC now owns 457,536 shares of the oil and gas company's stock valued at $11,329,000 after buying an additional 96,531 shares in the last quarter. Bailard Inc. purchased a new position in shares of Delek US during the 2nd quarter valued at about $201,000. Burney Co. purchased a new stake in Delek US in the second quarter worth approximately $1,111,000. Finally, F M Investments LLC purchased a new stake in Delek US in the second quarter worth approximately $4,304,000. 97.01% of the stock is currently 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.