Zacks upgraded shares of Delek US Holdings (NYSE:DK) from an underperform rating to a neutral rating in a research note released on Thursday morning, Analyst Ratings Network.com reports. They currently have $29.90 target price on the stock.
Zacks has also updated their ratings on a number of other energy stocks in the last week. The firm downgraded shares of Hallador Energy Co from a neutral rating to an underperform rating. Their analysts now have a $7.70 price target on that stock. Also, Zacks downgraded shares of Carrizo Oil & Gas Inc. from a neutral rating to an underperform rating. Their analysts now have a $38.70 price target on that stock.
Delek US Holdings (NYSE:DK) traded up 2.26% during mid-day trading on Thursday, hitting $29.39. 59,381 shares of the company’s stock traded hands. Delek US Holdings has a 1-year low of $19.83 and a 1-year high of $41.47. The stock has a 50-day moving average of $26.64 and a 200-day moving average of $27.52. The company has a market cap of $1.768 billion and a P/E ratio of 9.29.
Delek US Holdings (NYSE:DK) last released its earnings data on Thursday, November 7th. The company reported $0.04 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.06 by $0.02. The company had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter last year, the company posted $1.67 earnings per share. Delek US Holdings’s revenue was up 6.2% compared to the same quarter last year. On average, analysts predict that Delek US Holdings will post $2.16 earnings per share for the current fiscal year.
The company also recently announced a special dividend, which is scheduled for Tuesday, January 28th. Investors of record on Tuesday, January 7th will be paid a dividend of $0.10 per share.
DK has been the subject of a number of other recent research reports. Analysts at Goldman Sachs Group Inc. upgraded shares of Delek US Holdings from a neutral rating to a buy rating in a research note to investors on Monday, October 21st. They now have a $37.00 price target on the stock. Separately, analysts at Credit Suisse cut their price target on shares of Delek US Holdings from $39.81 to $32.00 in a research note to investors on Wednesday, October 9th. They now have an outperform rating on the stock. Finally, analysts at Barclays cut their price target on shares of Delek US Holdings from $48.00 to $38.00 in a research note to investors on Tuesday, October 8th. They now have an overweight rating on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $31.77.
Delek US Holdings, Inc (NYSE:DK) is an integrated energy business focused on petroleum refining, the wholesale distribution of refined products and convenience store retailing.
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