Scotiabank Cuts Delek US (NYSE:DK) Price Target to $14.00

Delek US (NYSE:DK) had its price target dropped by research analysts at Scotiabank from $24.00 to $14.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “sector perform” rating on the oil and gas company’s stock. Scotiabank’s target price suggests a potential upside of 12.21% from the stock’s current price.

DK has been the subject of several other reports. UBS Group decreased their price target on shares of Delek US from $21.00 to $13.25 and set a “neutral” rating for the company in a research report on Wednesday. Wolfe Research upgraded shares of Delek US from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Morgan Stanley dropped their price target on Delek US from $19.00 to $18.00 and set an “underweight” rating on the stock in a research note on Friday, March 14th. Wells Fargo & Company lifted their price objective on shares of Delek US from $15.00 to $16.00 and gave the company an “underweight” rating in a report on Friday, March 21st. Finally, Mizuho decreased their price target on Delek US from $25.00 to $22.00 and set a “neutral” rating for the company in a report on Wednesday. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $17.93.

Delek US Trading Up 3.3 %

DK opened at $12.48 on Friday. The company has a 50-day simple moving average of $15.72 and a 200 day simple moving average of $17.33. Delek US has a twelve month low of $11.03 and a twelve month high of $32.09. 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 stock has a market capitalization of $779.97 million, a price-to-earnings ratio of -2.57 and a beta of 1.04.

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

Insider Buying and Selling at Delek US

In related news, CFO Mark Wayne Hobbs bought 2,800 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $13.70 per share, for a total transaction of $38,360.00. Following the completion of the transaction, the chief financial officer now directly owns 49,138 shares in the company, valued at approximately $673,190.60. The trade was a 6.04 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have bought a total of 5,055 shares of company stock worth $70,787 over the last ninety days. 1.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC lifted its holdings in shares of Delek US by 728.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company’s stock worth $28,000 after buying an additional 1,311 shares in the last quarter. GAMMA Investing LLC lifted its stake in Delek US by 907.0% in the 1st quarter. GAMMA Investing LLC now owns 4,159 shares of the oil and gas company’s stock worth $63,000 after purchasing an additional 3,746 shares in the last quarter. KBC Group NV boosted its holdings in Delek US by 66.3% in the 4th quarter. KBC Group NV now owns 3,859 shares of the oil and gas company’s stock valued at $71,000 after purchasing an additional 1,538 shares during the period. ARS Investment Partners LLC purchased a new position in shares of Delek US during the 4th quarter valued at $185,000. Finally, Abel Hall LLC bought a new position in shares of Delek US in the fourth quarter worth $196,000. Institutional investors own 97.01% of the company’s stock.

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.