Delek US (NYSE:DK) Issues Quarterly Earnings Results

Delek US (NYSE:DK) announced its quarterly earnings data on Wednesday. The oil and gas company reported ($1.45) earnings per share for the quarter, topping the consensus estimate of ($1.71) by $0.26, Briefing.com reports. The company had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.23 billion. Delek US had a negative return on equity of 4.53% and a negative net margin of 0.69%. Delek US’s revenue for the quarter was down 34.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.02 EPS.

Delek US Price Performance

DK stock opened at $18.02 on Friday. The company’s 50-day moving average price is $18.46 and its two-hundred day moving average price is $22.26. The firm has a market cap of $1.16 billion, a P/E ratio of -3.71 and a beta of 1.15. The company has a quick ratio of 0.58, a current ratio of 0.98 and a debt-to-equity ratio of 2.50. Delek US has a 12 month low of $15.36 and a 12 month high of $33.60.

Delek US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Tuesday, November 12th will be given a dividend of $0.255 per share. The ex-dividend date is Tuesday, November 12th. This represents a $1.02 annualized dividend and a yield of 5.66%. Delek US’s dividend payout ratio is -20.99%.

Analyst Ratings Changes

DK has been the subject of a number of analyst reports. StockNews.com cut shares of Delek US from a “hold” rating to a “sell” rating in a research note on Saturday, September 21st. Mizuho upgraded Delek US from an “underperform” rating to a “neutral” rating and dropped their target price for the stock from $28.00 to $26.00 in a research report on Monday, September 16th. TD Cowen dropped their target price on shares of Delek US from $19.00 to $18.00 and set a “sell” rating for the company in a research report on Thursday, August 8th. JPMorgan Chase & Co. decreased their price objective on Delek US from $26.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, October 2nd. Finally, Morgan Stanley cut their price target on shares of Delek US from $24.00 to $22.00 and set an “underweight” rating on the stock in a research report on Monday, September 16th. Six analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat, Delek US has a consensus rating of “Hold” and an average price target of $21.00.

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.