Delek US Holdings Reaches New 1-Year High at $35.50 (DK)
Shares of Delek US Holdings (NYSE:DK) hit a new 52-week high during trading on Tuesday , Analyst Ratings Network.com reports. The company traded as high as $35.50 and last traded at $34.27, with a volume of 237,306 shares traded. The stock had previously closed at $34.98.
A number of analysts have recently weighed in on DK shares. Analysts at Zacks upgraded shares of Delek US Holdings from an “underperform” rating to a “neutral” rating in a research note on Tuesday, August 19th. They now have a $35.90 price target on the stock. Separately, analysts at Cowen and Company upgraded shares of Delek US Holdings from a “market perform” rating to an “outperform” rating in a research note on Friday, August 8th. They now have a $43.00 price target on the stock, up previously from $32.00. Finally, analysts at Simmons upgraded shares of Delek US Holdings from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 7th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Delek US Holdings currently has an average rating of “Buy” and an average price target of $37.59.
The stock has a 50-day moving average of $31.30 and a 200-day moving average of $30.44. The company has a market cap of $2.098 billion and a price-to-earnings ratio of 25.48.
Delek US Holdings (NYSE:DK) last posted its quarterly 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 $2.92 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 16th. Stockholders of record on Tuesday, August 26th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Friday, August 22nd.
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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