Delek US Holdings Downgraded by Howard Weil to “Sector Perform” (DK)
Delek US Holdings (NYSE:DK) was downgraded by research analysts at Howard Weil from an “outperform” rating to a “sector perform” rating in a report released on Wednesday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs Group Inc. raised their price target on shares of Delek US Holdings from $37.00 to $41.00 in a research note to investors on Monday, December 16th. They now have a “buy” rating on the stock. Separately, analysts at Deutsche Bank upgraded shares of Delek US Holdings from a “hold” rating to a “buy” rating in a research note to investors on Monday, December 9th. They now have a $40.00 price target on the stock, up previously from $30.00. Finally, analysts at Zacks upgraded shares of Delek US Holdings from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, December 5th. They now have a $29.90 price target on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $32.74.
Shares of Delek US Holdings (NYSE:DK) traded down 2.99% during mid-day trading on Wednesday, hitting $32.75. The stock had a trading volume of 89,040 shares. Delek US Holdings has a one year low of $19.83 and a one year high of $41.47. The stock has a 50-day moving average of $31.00 and a 200-day moving average of $27.08. The company has a market cap of $1.970 billion and a P/E ratio of 10.91.
Delek US Holdings (NYSE:DK) last released its earnings data on Thursday, November 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.02. The company had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter in the previous year, the company posted $1.67 earnings per share. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, analysts predict that Delek US Holdings will post $2.23 earnings per share for the current fiscal year.
The company also recently declared a special dividend, which is scheduled for Tuesday, January 28th. Stockholders of record on Tuesday, January 7th will be given a dividend of 0.10 per share. This represents a yield of 2%. The ex-dividend date of this dividend is Friday, January 3rd.
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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