Barclays Reiterates Buy Rating for Delek US (DK)

Barclays restated their buy rating on shares of Delek US (NYSE:DK) in a research note published on Friday morning. The firm currently has a $51.00 target price on the oil and gas company’s stock.

Other equities research analysts also recently issued reports about the stock. ValuEngine upgraded shares of Delek US from a sell rating to a hold rating in a research note on Monday, November 26th. Tudor Pickering downgraded shares of Delek US from a buy rating to a hold rating in a research note on Friday, November 30th. Credit Suisse Group reduced their price target on shares of Delek US from $67.00 to $59.00 and set an outperform rating on the stock in a research note on Tuesday, October 9th. Morgan Stanley reduced their price target on shares of Delek US from $62.00 to $52.00 and set an overweight rating on the stock in a research note on Tuesday, November 20th. Finally, Zacks Investment Research upgraded shares of Delek US from a strong sell rating to a hold rating in a research note on Thursday, December 20th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $52.58.

Shares of Delek US stock opened at $32.07 on Friday. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 25.45, a PEG ratio of 0.59 and a beta of 1.40. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.97 and a current ratio of 1.43. Delek US has a 12-month low of $29.51 and a 12-month high of $61.57.

Delek US (NYSE:DK) last announced its quarterly earnings data on Tuesday, November 6th. The oil and gas company reported $2.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.06). The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.96 billion. Delek US had a return on equity of 17.94% and a net margin of 4.40%. On average, analysts predict that Delek US will post 4.33 EPS for the current fiscal year.

In other news, EVP Avigal Soreq sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 29th. The shares were sold at an average price of $40.21, for a total value of $60,315.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 1.40% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Retirement Systems of Alabama boosted its position in Delek US by 28.1% during the 4th quarter. Retirement Systems of Alabama now owns 124,882 shares of the oil and gas company’s stock worth $4,060,000 after buying an additional 27,400 shares during the period. Moody National Bank Trust Division acquired a new stake in Delek US during the 4th quarter worth approximately $3,675,000. Vanguard Group Inc boosted its position in Delek US by 0.8% during the 3rd quarter. Vanguard Group Inc now owns 7,561,199 shares of the oil and gas company’s stock worth $320,821,000 after buying an additional 60,214 shares during the period. Marshall Wace LLP boosted its position in Delek US by 5.4% during the 3rd quarter. Marshall Wace LLP now owns 101,788 shares of the oil and gas company’s stock worth $4,319,000 after buying an additional 5,230 shares during the period. Finally, Vanguard Group Inc. boosted its position in Delek US by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 7,561,199 shares of the oil and gas company’s stock worth $320,821,000 after buying an additional 60,214 shares during the period.

About Delek US

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company's Refining segment processes crude oil and other purchased feedstocks 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 terminals.

See Also: Intrinsic Value

Analyst Recommendations for Delek US (NYSE:DK)

Receive News & Ratings for Delek US Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delek US and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply