Delek US (NYSE:DK) issued its quarterly earnings results on Tuesday. The oil and gas company reported ($1.69) EPS for the quarter, missing analysts’ consensus estimates of ($1.38) by ($0.31), MarketWatch Earnings reports. The firm had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Delek US had a negative return on equity of 8.86% and a negative net margin of 3.66%. The business’s quarterly revenue was up 31.4% compared to the same quarter last year. During the same quarter last year, the firm earned ($1.74) earnings per share.
DK stock opened at $24.80 on Wednesday. The company has a market capitalization of $1.83 billion, a P/E ratio of -6.42 and a beta of 2.19. The company has a 50-day simple moving average of $22.47 and a 200 day simple moving average of $18.67. Delek US has a fifty-two week low of $8.92 and a fifty-two week high of $27.38. The company has a quick ratio of 1.02, a current ratio of 1.39 and a debt-to-equity ratio of 1.72.
DK has been the subject of a number of recent research reports. Mizuho downgraded shares of Delek US from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $16.00 to $28.00 in a report on Friday, February 26th. Barclays boosted their target price on shares of Delek US from $15.00 to $22.00 and gave the company an “equal weight” rating in a report on Monday, March 8th. Citigroup boosted their target price on shares of Delek US from $16.00 to $26.00 in a report on Monday, February 22nd. US Capital Advisors cut shares of Delek US from an “overweight” rating to a “hold” rating in a research report on Wednesday, March 17th. Finally, Wells Fargo & Company boosted their target price on shares of Delek US from $25.00 to $31.00 and gave the company an “overweight” rating in a research note on Thursday, February 25th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. Delek US has a consensus rating of “Hold” and an average target price of $20.92.
Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates in three segments: Refining, Logistics, and Retail. The Refining segment processes crude oil and other purchased 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.
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