Delek US (NYSE:DK) Announces Earnings Results

Delek US (NYSE:DK) issued its earnings results on Tuesday. The oil and gas company reported ($2.54) earnings per share 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 company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.58 billion. During the same quarter in the prior year, the firm earned ($1.46) earnings per share. The company’s revenue for the quarter was down 39.8% on a year-over-year basis.

Delek US Stock Performance

NYSE:DK opened at $16.37 on Wednesday. Delek US has a fifty-two week low of $15.36 and a fifty-two week high of $33.60. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04. The company has a 50 day moving average price of $18.19 and a 200 day moving average price of $18.62. The stock has a market capitalization of $1.03 billion, a P/E ratio of -3.37 and a beta of 1.20.

Delek US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, March 3rd will be issued a $0.255 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.02 annualized dividend and a dividend yield of 6.23%. Delek US’s dividend payout ratio is currently -20.99%.

Analyst Ratings Changes

DK has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Wells Fargo & Company lowered their price target on shares of Delek US from $18.00 to $16.00 and set an “underweight” rating on the stock in a research report on Monday, December 9th. Mizuho dropped their price objective on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Finally, Wolfe Research raised shares of Delek US from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Five equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Delek US has an average rating of “Hold” and a consensus target price of $21.00.

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.