Delek US (NYSE:DK) Given New $15.00 Price Target at Wells Fargo & Company

Delek US (NYSE:DK) had its target price reduced by analysts at Wells Fargo & Company from $17.00 to $15.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “underweight” rating on the oil and gas company’s stock. Wells Fargo & Company‘s target price points to a potential downside of 5.64% from the company’s previous close.

A number of other research firms have also recently weighed in on DK. Mizuho dropped their target price on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Wolfe Research raised Delek US from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Finally, JPMorgan Chase & Co. boosted 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 analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $20.90.

Delek US Stock Performance

DK stock opened at $15.90 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18. The firm has a market cap of $1.00 billion, a PE ratio of -3.36 and a beta of 1.20. The business has a 50 day moving average of $18.19 and a 200-day moving average of $18.62. Delek US has a 12-month low of $15.36 and a 12-month high of $33.60.

Delek US (NYSE:DK) last announced its quarterly earnings data on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.53) by ($1.01). The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.58 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The firm’s revenue for the quarter was down 39.8% compared to the same quarter last year. During the same quarter last year, the company earned ($1.46) EPS. As a group, sell-side analysts expect that Delek US will post -5.5 earnings per share for the current year.

Institutional Trading of Delek US

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

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.