Zacks Research Forecasts Delek US FY2027 Earnings

Delek US Holdings, Inc. (NYSE:DK - Free Report) - Research analysts at Zacks Research issued their FY2027 EPS estimates for Delek US in a research report issued to clients and investors on Monday, March 17th. Zacks Research analyst R. Department forecasts that the oil and gas company will post earnings per share of $2.76 for the year. The consensus estimate for Delek US's current full-year earnings is ($5.50) per share.

Delek US (NYSE:DK - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The oil and gas company reported ($2.54) EPS for the quarter, missing the consensus estimate of ($1.53) by ($1.01). Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.58 billion. During the same period in the previous year, the business posted ($1.46) EPS. The business's quarterly revenue was down 39.8% compared to the same quarter last year.

Several other analysts also recently commented on the stock. Wells Fargo & Company raised their target price on shares of Delek US from $15.00 to $16.00 and gave the stock an "underweight" rating in a report on Friday. Mizuho dropped their price objective on shares of Delek US from $26.00 to $25.00 and set a "neutral" rating on the stock in a report on Monday, December 16th. Wolfe Research raised shares of Delek US from an "underperform" rating to a "peer perform" rating in a research note on Friday, January 3rd. Morgan Stanley lowered their target price on Delek US from $19.00 to $18.00 and set an "underweight" rating for the company in a report on Friday, March 14th. Finally, JPMorgan Chase & Co. boosted their price target on Delek US from $21.00 to $22.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. Five investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $20.40.

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Delek US Stock Down 2.7 %

Shares of NYSE DK traded down $0.47 during mid-day trading on Wednesday, reaching $16.98. 2,547,555 shares of the company's stock were exchanged, compared to its average volume of 1,139,313. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18. The business has a fifty day simple moving average of $17.43 and a 200 day simple moving average of $17.97. Delek US has a twelve month low of $13.40 and a twelve month high of $33.60. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of -3.49 and a beta of 1.14.

Delek US Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, March 3rd were paid a $0.255 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.02 dividend on an annualized basis and a yield of 6.01%. Delek US's dividend payout ratio is -11.54%.

Insiders Place Their Bets

In other Delek US news, CFO Mark Wayne Hobbs acquired 2,800 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $13.70 per share, for a total transaction of $38,360.00. Following the completion of the purchase, the chief financial officer now directly owns 49,138 shares of the company's stock, valued at approximately $673,190.60. This represents a 6.04 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have purchased 5,055 shares of company stock valued at $70,787 in the last 90 days. 1.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Ion Asset Management Ltd. lifted its holdings in Delek US by 16.5% during the 4th quarter. Ion Asset Management Ltd. now owns 3,455,000 shares of the oil and gas company's stock valued at $63,918,000 after purchasing an additional 488,509 shares during the last quarter. State Street Corp lifted its stake in shares of Delek US by 8.0% during the 3rd quarter. State Street Corp now owns 3,019,307 shares of the oil and gas company's stock worth $56,612,000 after buying an additional 223,110 shares during the last quarter. Rubric Capital Management LP bought a new stake in shares of Delek US during the 3rd quarter worth about $37,500,000. Barclays PLC grew its stake in Delek US by 23.1% in the 4th quarter. Barclays PLC now owns 1,842,035 shares of the oil and gas company's stock valued at $34,078,000 after buying an additional 345,210 shares during the last quarter. Finally, FMR LLC raised its holdings in Delek US by 47.3% in the 3rd quarter. FMR LLC now owns 1,707,773 shares of the oil and gas company's stock valued at $32,021,000 after acquiring an additional 548,777 shares during the period. 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.