Delek US Holdings Upgraded by Simmons to “Overweight” (DK)
Shares of Delek US Holdings (NYSE:DK) traded up 6.02% on Thursday, hitting $31.00. The stock had a trading volume of 231,004 shares. Delek US Holdings has a 52-week low of $19.83 and a 52-week high of $35.11. The stock has a 50-day moving average of $29.24 and a 200-day moving average of $29.91. The company has a market cap of $1.871 billion and a price-to-earnings ratio of 23.77.
Delek US Holdings (NYSE:DK) last announced its earnings results on Wednesday, August 6th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.15. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, analysts predict that Delek US Holdings will post $2.60 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 16th. Stockholders of record on Tuesday, August 26th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.05%.
Other equities research analysts have also recently issued reports about the stock. Analysts at Wolfe Research upgraded shares of Delek US Holdings from a “market perform” rating to an “outperform” rating in a research note on Monday, July 28th. Separately, analysts at Howard Weil upgraded shares of Delek US Holdings from a “sector outperform” rating to a “focus stock” rating in a research note on Monday, July 28th. They now have a $36.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Delek US Holdings from a “neutral” rating to an “underperform” rating in a research note on Monday, July 21st. They now have a $26.70 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Delek US Holdings currently has a consensus rating of “Buy” and an average target price of $34.87.
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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