Delek US (NYSE:DK) Price Target Lowered to $14.00 at Scotiabank

Delek US (NYSE:DK) had its price target dropped by stock analysts at Scotiabank from $24.00 to $14.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “sector perform” rating on the oil and gas company’s stock. Scotiabank’s target price would indicate a potential upside of 12.21% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the stock. Wells Fargo & Company lifted their price target on shares of Delek US from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Friday, March 21st. Wolfe Research upgraded Delek US from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. UBS Group cut their price target on Delek US from $21.00 to $13.25 and set a “neutral” rating for the company in a research note on Wednesday. Mizuho lowered 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. Finally, Morgan Stanley dropped their price objective on shares of Delek US from $19.00 to $18.00 and set an “underweight” rating on the stock in a report on Friday, March 14th. Five 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $17.93.

Delek US Stock Performance

Delek US stock traded up $0.40 during mid-day trading on Friday, reaching $12.48. 1,389,448 shares of the company’s stock were exchanged, compared to its average volume of 1,519,170. The business’s fifty day simple moving average is $15.86 and its 200 day simple moving average is $17.37. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18. Delek US has a one year low of $11.02 and a one year high of $32.09. The firm has a market capitalization of $779.97 million, a PE ratio of -2.57 and a beta of 1.04.

Delek US (NYSE:DK) last issued its quarterly earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.58 billion. During the same period last year, the firm posted ($1.46) earnings per share. Delek US’s quarterly revenue was down 39.8% compared to the same quarter last year. On average, sell-side analysts expect that Delek US will post -5.5 earnings per share for the current year.

Insider Buying and Selling at Delek US

In other news, CFO Mark Wayne Hobbs purchased 2,800 shares of the stock in a transaction on Tuesday, March 11th. The shares were acquired at an average price of $13.70 per share, for a total transaction of $38,360.00. Following the completion of the transaction, the chief financial officer now directly owns 49,138 shares of the company’s stock, valued at approximately $673,190.60. This trade represents a 6.04 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders purchased a total of 5,055 shares of company stock worth $70,787 over the last three months. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Delek US

Large investors have recently modified their holdings of the company. Rhumbline Advisers raised its position in Delek US by 3.4% in the 1st quarter. Rhumbline Advisers now owns 121,201 shares of the oil and gas company’s stock worth $1,826,000 after purchasing an additional 4,031 shares during the period. GAMMA Investing LLC increased its holdings in shares of Delek US by 907.0% in the first quarter. GAMMA Investing LLC now owns 4,159 shares of the oil and gas company’s stock worth $63,000 after buying an additional 3,746 shares during the period. Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of Delek US in the 4th quarter valued at about $3,982,000. Mackenzie Financial Corp boosted its holdings in Delek US by 67.8% during the 4th quarter. Mackenzie Financial Corp now owns 39,617 shares of the oil and gas company’s stock valued at $733,000 after acquiring an additional 16,009 shares during the period. Finally, GF Fund Management CO. LTD. bought a new position in Delek US during the 4th quarter worth approximately $363,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

About Delek US

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.