Delek US (NYSE:DK) Stock Rating Lowered by Cowen

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Delek US (NYSE:DK) was downgraded by equities research analysts at Cowen from an “outperform” rating to a “market perform” rating in a report issued on Thursday, Marketbeat reports.

A number of other analysts have also recently weighed in on the company. Goldman Sachs Group cut Delek US from a “neutral” rating to a “sell” rating and set a $37.00 price target on the stock. in a research note on Tuesday, June 25th. ValuEngine cut Delek US from a “hold” rating to a “sell” rating in a research note on Thursday, August 15th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $46.62.

Shares of NYSE DK opened at $30.80 on Thursday. The stock has a market cap of $2.32 billion, a P/E ratio of 6.42 and a beta of 1.65. The company has a current ratio of 1.35, a quick ratio of 0.92 and a debt-to-equity ratio of 1.06. Delek US has a 12-month low of $29.51 and a 12-month high of $56.36. The business’s fifty day simple moving average is $37.74 and its 200-day simple moving average is $36.58.

Delek US (NYSE:DK) last announced its quarterly earnings data on Monday, August 5th. The oil and gas company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.40. The business had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.32 billion. Delek US had a return on equity of 27.58% and a net margin of 5.51%. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period last year, the firm earned $0.92 earnings per share. On average, equities analysts forecast that Delek US will post 4.02 EPS for the current fiscal year.

In other news, EVP Louis Labella sold 1,200 shares of Delek US stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $44.00, for a total transaction of $52,800.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Avigal Soreq sold 4,000 shares of Delek US stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $41.30, for a total value of $165,200.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,554 shares of company stock worth $974,576. 1.20% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of DK. Point72 Hong Kong Ltd acquired a new stake in shares of Delek US during the second quarter worth about $28,000. Rockefeller Capital Management L.P. grew its holdings in shares of Delek US by 159.4% during the second quarter. Rockefeller Capital Management L.P. now owns 773 shares of the oil and gas company’s stock worth $31,000 after buying an additional 475 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new position in shares of Delek US during the second quarter worth about $39,000. Schroder Investment Management Group purchased a new position in shares of Delek US during the second quarter worth about $61,000. Finally, Quantamental Technologies LLC purchased a new position in shares of Delek US during the second quarter worth about $77,000.

Delek US Company Profile

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company's Refining segment processes crude oil and other purchased feedstocks for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminals.

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Analyst Recommendations for Delek US (NYSE:DK)

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