Delek US Holdings Inc. Reaches New 12-Month Low at $22.11 (DK)
Delek US Holdings (NYSE:DK) set a new 52-week low during mid-day trading on Thursday, AnalystRatings.Net reports. The stock traded as low as $22.11 and last traded at $22.12, with a volume of 656,124 shares. The stock had previously closed at $23.04.
DK has been the subject of a number of recent research reports. Analysts at Deutsche Bank cut their price target on shares of Delek US Holdings (NYSE:DK) from $38.00 to $30.00 in a research note to investors on Tuesday. They now have a “hold” rating on the stock. Separately, analysts at Credit Suisse cut their price target on shares of Delek US Holdings (NYSE:DK) from $45.00 to $40.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Finally, analysts at Raymond James cut their price target on shares of Delek US Holdings (NYSE:DK) from $34.00 to $30.00 in a research note to investors on Monday.
One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $34.25.
Delek US Holdings has a one year low of $22.51 and a one year high of $41.47. The stock’s 50-day moving average is $27.38 and its 200-day moving average is $33.05. The company has a market cap of $1.327 billion and a P/E ratio of 4.91.
Delek US Holdings (NYSE:DK) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by $0.01. The company had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the previous year, the company posted $1.17 earnings per share. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. Analysts expect that Delek US Holdings will post $2.65 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 17th. Investors of record on Tuesday, August 27th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Friday, August 23rd.
Delek US Holdings, Inc (NYSE:DK) is an integrated energy business focused on petroleum refining, the wholesale distribution of refined products and convenience store retailing.
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