Mizuho Lowers Delek US (NYSE:DK) Price Target to $25.00

Delek US (NYSE:DK) had its price objective lowered by investment analysts at Mizuho from $26.00 to $25.00 in a report issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the oil and gas company’s stock. Mizuho’s price target suggests a potential upside of 42.78% from the stock’s previous close.

DK has been the topic of several other research reports. JPMorgan Chase & Co. boosted their price target on shares of Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Morgan Stanley decreased their price objective on Delek US from $24.00 to $22.00 and set an “underweight” rating on the stock in a report on Monday, September 16th. Piper Sandler cut their target price on Delek US from $25.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, September 20th. Bank of America started coverage on Delek US in a research report on Thursday, October 17th. They issued an “underperform” rating and a $15.00 price target on the stock. Finally, Wells Fargo & Company cut their price objective on Delek US from $18.00 to $16.00 and set an “underweight” rating for the company in a report on Monday, December 9th. Six equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $21.00.

Delek US Trading Up 6.0 %

Shares of DK stock opened at $17.51 on Monday. 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 has a 1 year low of $15.36 and a 1 year high of $33.60. The firm’s fifty day simple moving average is $17.90 and its 200 day simple moving average is $20.44. The firm has a market capitalization of $1.11 billion, a P/E ratio of -3.60 and a beta of 1.22.

Delek US (NYSE:DK) last announced its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported ($1.45) EPS for the quarter, beating analysts’ consensus estimates of ($1.71) by $0.26. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The business had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.23 billion. During the same quarter in the prior year, the business earned $2.02 earnings per share. The firm’s revenue for the quarter was down 34.3% on a year-over-year basis. As a group, sell-side analysts predict that Delek US will post -4.4 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. SummerHaven Investment Management LLC grew its holdings in shares of Delek US by 1.8% in the 2nd quarter. SummerHaven Investment Management LLC now owns 32,845 shares of the oil and gas company’s stock valued at $813,000 after buying an additional 580 shares during the period. Easterly Investment Partners LLC increased its position in shares of Delek US by 26.7% during the second quarter. Easterly Investment Partners LLC now owns 457,536 shares of the oil and gas company’s stock worth $11,329,000 after acquiring an additional 96,531 shares in the last quarter. Bailard Inc. acquired a new stake in shares of Delek US during the second quarter worth $201,000. Burney Co. acquired a new position in Delek US in the 2nd quarter worth $1,111,000. Finally, F M Investments LLC acquired a new stake in shares of Delek US in the 2nd quarter valued at about $4,304,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Delek US Company Profile

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.