Mizuho Cuts Delek US (NYSE:DK) Price Target to $27.00

Delek US (NYSE:DKGet Free Report) had its target price lowered by investment analysts at Mizuho from $31.00 to $27.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has an “underperform” rating on the oil and gas company’s stock. Mizuho’s price target points to a potential upside of 11.80% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Bank of America increased their target price on shares of Delek US from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, March 15th. Piper Sandler dropped their target price on shares of Delek US from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, June 14th. Scotiabank increased their target price on shares of Delek US from $25.00 to $27.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. StockNews.com lowered shares of Delek US from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Delek US from $26.00 to $25.00 and set an “underweight” rating for the company in a report on Tuesday, May 21st. 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. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $27.00.

Read Our Latest Analysis on DK

Delek US Trading Down 0.6 %

Shares of Delek US stock opened at $24.15 on Thursday. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of -19.48 and a beta of 1.28. The company has a quick ratio of 0.64, a current ratio of 1.04 and a debt-to-equity ratio of 2.40. Delek US has a 12-month low of $21.68 and a 12-month high of $33.60. The firm’s 50-day moving average price is $27.01 and its two-hundred day moving average price is $27.31.

Delek US (NYSE:DKGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The oil and gas company reported ($0.41) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.56) by $0.15. The firm had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.28 billion. Delek US had a negative net margin of 0.48% and a positive return on equity of 7.37%. The business’s revenue for the quarter was down 17.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.37 earnings per share. On average, analysts forecast that Delek US will post 0.88 earnings per share for the current fiscal year.

Insider Transactions at Delek US

In related news, Director Richard J. Marcogliese acquired 2,750 shares of Delek US stock in a transaction dated Wednesday, June 12th. The stock was bought at an average price of $23.99 per share, with a total value of $65,972.50. Following the transaction, the director now directly owns 42,863 shares in the company, valued at approximately $1,028,283.37. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold a total of 2,854 shares of company stock valued at $78,241 in the last quarter. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of Delek US

Several hedge funds have recently bought and sold shares of the business. Spirit of America Management Corp NY bought a new position in Delek US during the 4th quarter valued at $26,000. Newbridge Financial Services Group Inc. bought a new position in Delek US during the 1st quarter valued at $31,000. Strs Ohio bought a new position in Delek US during the 4th quarter valued at $95,000. TFO Wealth Partners LLC lifted its stake in Delek US by 627,400.0% during the 4th quarter. TFO Wealth Partners LLC now owns 6,275 shares of the oil and gas company’s stock valued at $162,000 after acquiring an additional 6,274 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in Delek US during the 1st quarter valued at $172,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Delek US Company Profile

(Get Free Report)

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.

Featured Stories

Analyst Recommendations for Delek US (NYSE:DK)

Receive News & Ratings for Delek US Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delek US and related companies with MarketBeat.com's FREE daily email newsletter.