What is Zacks Research's Estimate for Delek US Q3 Earnings?

Delek US Holdings, Inc. (NYSE:DK - Free Report) - Analysts at Zacks Research upped their Q3 2026 earnings estimates for shares of Delek US in a research note issued to investors on Wednesday, April 9th. Zacks Research analyst R. Department now forecasts that the oil and gas company will earn $0.46 per share for the quarter, up from their prior estimate of $0.37. The consensus estimate for Delek US's current full-year earnings is ($5.50) per share. Zacks Research also issued estimates for Delek US's Q1 2027 earnings at $1.10 EPS.

Other research analysts also recently issued research reports about the stock. Raymond James decreased their target price on shares of Delek US from $24.00 to $23.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Morgan Stanley lowered their target price on Delek US from $19.00 to $18.00 and set an "underweight" rating on the stock in a research report on Friday, March 14th. Piper Sandler reduced their price target on Delek US from $18.00 to $17.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Mizuho dropped their price objective on Delek US from $25.00 to $22.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Finally, Wells Fargo & Company increased their price objective on Delek US from $15.00 to $16.00 and gave the company an "underweight" rating in a report on Friday, March 21st. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $17.93.

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Delek US Stock Down 0.2 %

Shares of DK traded down $0.03 during mid-day trading on Thursday, hitting $12.51. 260,256 shares of the company's stock were exchanged, compared to its average volume of 1,206,029. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67. Delek US has a 52 week low of $11.03 and a 52 week high of $31.55. The company has a market cap of $782.04 million, a PE ratio of -2.57 and a beta of 1.04. The company has a 50-day simple moving average of $15.59 and a 200 day simple moving average of $17.27.

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) earnings per share 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 firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.58 billion. During the same period in the prior year, the company earned ($1.46) earnings per share. The firm's quarterly revenue was down 39.8% on a year-over-year basis.

Delek US Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, March 3rd were issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 8.15%. The ex-dividend date was Monday, March 3rd. Delek US's payout ratio is -11.54%.

Insider Buying and Selling at Delek US

In other news, CFO Mark Wayne Hobbs acquired 2,800 shares of the 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 transaction, 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased a total of 5,055 shares of company stock valued at $70,787 in the last three months. 1.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Delek US

Institutional investors and hedge funds have recently modified their holdings of the business. Millennium Management LLC increased its holdings in shares of Delek US by 1,199.2% during the fourth quarter. Millennium Management LLC now owns 870,257 shares of the oil and gas company's stock worth $16,100,000 after purchasing an additional 803,274 shares during the period. Deprince Race & Zollo Inc. bought a new position in Delek US during the 4th quarter worth $13,680,000. Barclays PLC raised its holdings in Delek US by 51.5% in the 3rd quarter. Barclays PLC now owns 1,496,825 shares of the oil and gas company's stock valued at $28,065,000 after acquiring an additional 508,719 shares in the last quarter. Ion Asset Management Ltd. lifted its position in shares of 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 acquiring an additional 488,509 shares during the period. Finally, Norges Bank acquired a new stake in shares of Delek US during the 4th quarter worth $6,815,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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.