Delek US (NYSE:DK) Releases Earnings Results, Misses Expectations By $1.01 EPS

Delek US (NYSE:DK) announced its quarterly earnings results on Tuesday. The oil and gas company reported ($2.54) EPS for the quarter, missing the consensus estimate of ($1.53) by ($1.01), Zacks reports. 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 analysts’ expectations of $2.58 billion. During the same period last year, the firm earned ($1.46) EPS. Delek US’s revenue was down 39.8% compared to the same quarter last year.

Delek US Trading Down 7.7 %

NYSE DK opened at $15.14 on Thursday. The company has a 50-day moving average of $18.16 and a 200-day moving average of $18.59. 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 12 month low of $15.09 and a 12 month high of $33.60. The company has a market cap of $956.77 million, a P/E ratio of -3.12 and a beta of 1.20.

Delek US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, March 3rd will be issued a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 6.74%. The ex-dividend date is Monday, March 3rd. Delek US’s dividend payout ratio (DPR) is -11.54%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DK. Mizuho cut their price target on Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. JPMorgan Chase & Co. boosted their price target on Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Wells Fargo & Company reduced their price objective on Delek US from $17.00 to $15.00 and set an “underweight” rating on the stock in a research report on Wednesday. Finally, Wolfe Research upgraded Delek US from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Five equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $20.90.

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.