Delek US (NYSE:DK) Price Target Lowered to $33.00 at Wells Fargo & Company

Delek US (NYSE:DK) had its target price trimmed by Wells Fargo & Company from $34.00 to $33.00 in a research report sent to investors on Wednesday morning, Price Targets.com reports. The brokerage currently has an overweight rating on the oil and gas company’s stock.

DK has been the topic of several other research reports. Barclays lowered their price objective on shares of Delek US from $23.00 to $21.00 and set an equal weight rating on the stock in a research note on Tuesday, July 13th. Morgan Stanley initiated coverage on shares of Delek US in a research note on Tuesday, September 7th. They issued an underweight rating and a $20.00 price objective on the stock. Zacks Investment Research upgraded shares of Delek US from a sell rating to a hold rating in a research note on Thursday, September 30th. Wolfe Research cut shares of Delek US from an outperform rating to a peer perform rating and set a $20.00 target price on the stock. in a research note on Wednesday, July 14th. Finally, The Goldman Sachs Group raised shares of Delek US from a sell rating to a neutral rating and set a $24.00 price objective for the company in a report on Tuesday, June 22nd. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $21.46.

NYSE:DK opened at $20.00 on Wednesday. Delek US has a 1-year low of $8.92 and a 1-year high of $27.38. The firm’s 50-day moving average price is $16.90 and its 200-day moving average price is $19.79. The company has a quick ratio of 0.69, a current ratio of 1.06 and a debt-to-equity ratio of 2.31.

Delek US (NYSE:DK) last announced its quarterly earnings data on Tuesday, August 3rd. The oil and gas company reported ($0.88) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.01) by $0.13. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $1.96 billion. Delek US had a negative net margin of 6.58% and a negative return on equity of 38.01%. As a group, sell-side analysts predict that Delek US will post -3.75 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Advisor Group Holdings Inc. grew its holdings in shares of Delek US by 81.5% in the second quarter. Advisor Group Holdings Inc. now owns 1,617 shares of the oil and gas company’s stock valued at $34,000 after purchasing an additional 726 shares in the last quarter. Value Holdings Management CO. LLC purchased a new position in Delek US during the second quarter worth $46,000. Eagle Bay Advisors LLC purchased a new position in Delek US during the second quarter worth $56,000. Meeder Asset Management Inc. boosted its stake in Delek US by 22.1% during the second quarter. Meeder Asset Management Inc. now owns 3,431 shares of the oil and gas company’s stock worth $74,000 after buying an additional 620 shares during the period. Finally, Polaris Capital Management LLC purchased a new position in Delek US during the second quarter worth $146,000.

About Delek US

Delek US Holdings, Inc engages in the transportation, storage, and wholesale distribution of crude oil. It operates through the following segments: Refining, Logistics, Retail, and Corporate and Other. The Refining segment processes crude oil and other purchased feedstocks for the manufacture of transportation motor fuels, including gasoline, diesel fuel and aviation fuel, asphalt, and other petroleum-based products.

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Analyst Recommendations for Delek US (NYSE:DK)

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