Delek US (NYSE:DK) Shares Gap Up to $16.66

Delek US Holdings, Inc. (NYSE:DK)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $16.66, but opened at $17.16. Delek US shares last traded at $17.20, with a volume of 1,478 shares trading hands.

A number of equities research analysts recently issued reports on the stock. Tudor Pickering raised shares of Delek US from a “hold” rating to a “buy” rating in a research note on Friday, May 28th. Barclays lowered their target price 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 began coverage on shares of Delek US in a research note on Tuesday, September 7th. They set an “underweight” rating and a $20.00 target price on the stock. 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, Zacks Investment Research lowered Delek US from a “hold” rating to a “sell” rating and set a $17.00 price target on the stock. in a report on Tuesday, July 20th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $21.08.

The company has a debt-to-equity ratio of 2.31, a current ratio of 1.06 and a quick ratio of 0.69. The company has a market capitalization of $1.26 billion, a PE ratio of -2.19 and a beta of 2.14. The stock’s 50 day simple moving average is $16.79 and its 200-day simple moving average is $20.60.

Delek US (NYSE:DK) last issued its quarterly earnings results on Tuesday, August 3rd. The oil and gas company reported ($0.88) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.01) by $0.13. Delek US had a negative net margin of 6.58% and a negative return on equity of 38.01%. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $1.96 billion. On average, equities analysts predict that Delek US Holdings, Inc. will post -3.58 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the company. The PNC Financial Services Group Inc. boosted its holdings in Delek US by 9.9% in the first quarter. The PNC Financial Services Group Inc. now owns 6,636 shares of the oil and gas company’s stock valued at $144,000 after purchasing an additional 600 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of Delek US by 22.1% in the second quarter. Meeder Asset Management Inc. now owns 3,431 shares of the oil and gas company’s stock valued at $74,000 after acquiring an additional 620 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Delek US by 5.7% in the second quarter. Van ECK Associates Corp now owns 12,084 shares of the oil and gas company’s stock valued at $261,000 after acquiring an additional 656 shares during the period. Advisor Group Holdings Inc. boosted 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 acquiring an additional 726 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Delek US by 4.4% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 29,758 shares of the oil and gas company’s stock valued at $643,000 after acquiring an additional 1,259 shares during the period.

Delek US Company Profile (NYSE:DK)

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.

Featured Story: Options Trading

Receive News & Ratings for Delek US Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delek US and related companies with MarketBeat.com's FREE daily email newsletter.