Piper Sandler Has Lowered Expectations for Delek US (NYSE:DK) Stock Price

Delek US (NYSE:DK) had its price target cut by research analysts at Piper Sandler from $18.00 to $17.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the oil and gas company’s stock. Piper Sandler’s price target would indicate a potential upside of 14.15% from the company’s current price.

A number of other equities analysts also recently weighed in on DK. Wells Fargo & Company dropped their target price on shares of Delek US from $17.00 to $15.00 and set an “underweight” rating for the company in a research note on Wednesday, February 26th. Wolfe Research upgraded shares of Delek US from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Mizuho decreased their price objective on Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Finally, JPMorgan Chase & Co. lifted their target price on Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Five equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat, Delek US presently has an average rating of “Hold” and an average price target of $20.70.

Delek US Price Performance

NYSE DK traded up $0.11 during trading hours on Friday, reaching $14.89. 169,530 shares of the company’s stock were exchanged, compared to its average volume of 1,120,566. The firm has a fifty day moving average of $18.06 and a 200-day moving average of $18.37. Delek US has a one year low of $14.04 and a one year high of $33.60. The stock has a market cap of $931.01 million, a PE ratio of -3.07 and a beta of 1.20. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18.

Delek US (NYSE:DK) last announced its earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) EPS 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 business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter in the previous year, the company posted ($1.46) EPS. Delek US’s revenue for the quarter was down 39.8% on a year-over-year basis. On average, equities research analysts predict that Delek US will post -5.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Delek US

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC increased its stake in Delek US by 728.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 1,311 shares during the last quarter. KBC Group NV boosted its stake in shares of Delek US by 66.3% during the 4th quarter. KBC Group NV now owns 3,859 shares of the oil and gas company’s stock worth $71,000 after acquiring an additional 1,538 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Delek US by 24.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock worth $145,000 after acquiring an additional 1,508 shares during the last quarter. ARS Investment Partners LLC bought a new stake in Delek US in the 4th quarter valued at $185,000. Finally, Capstone Investment Advisors LLC bought a new position in Delek US during the third quarter worth $193,000. 97.01% of the stock is owned by institutional investors and hedge funds.

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.