Morgan Stanley Issues Pessimistic Forecast for Delek US (NYSE:DK) Stock Price

Delek US (NYSE:DK) had its price objective dropped by research analysts at Morgan Stanley from $19.00 to $18.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “underweight” rating on the oil and gas company’s stock. Morgan Stanley’s target price would indicate a potential upside of 14.98% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Wells Fargo & Company decreased their price target on Delek US from $17.00 to $15.00 and set an “underweight” rating on the stock in a report on Wednesday, February 26th. Mizuho reduced their target price on Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Piper Sandler reduced their target price on Delek US from $18.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Wolfe Research raised Delek US from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Finally, JPMorgan Chase & Co. lifted their target price on Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Five analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $20.30.

Delek US Price Performance

NYSE DK opened at $15.66 on Friday. The company has a market capitalization of $978.64 million, a PE ratio of -3.22 and a beta of 1.15. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04. The business’s fifty day moving average is $17.60 and its 200 day moving average is $18.10. Delek US has a fifty-two week low of $13.40 and a fifty-two week high of $33.60.

Delek US (NYSE:DK) last released its earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share for the quarter, missing the consensus estimate of ($1.53) by ($1.01). The company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.58 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. Delek US’s revenue for the quarter was down 39.8% on a year-over-year basis. During the same quarter last year, the firm posted ($1.46) earnings per share. Sell-side analysts predict that Delek US will post -5.5 earnings per share for the current year.

Insiders Place Their Bets

In other Delek US news, CFO Mark Wayne Hobbs bought 2,800 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was acquired at an average price of $13.70 per share, for a total transaction of $38,360.00. Following the completion of the transaction, the chief financial officer now directly owns 49,138 shares of the company’s stock, valued at approximately $673,190.60. This represents a 6.04 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have purchased 5,925 shares of company stock valued at $85,778 over the last ninety days. 0.35% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Sterling Capital Management LLC boosted its position in shares of Delek US by 728.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 1,311 shares during the period. KBC Group NV boosted its position in shares of Delek US by 66.3% during the fourth quarter. KBC Group NV now owns 3,859 shares of the oil and gas company’s stock valued at $71,000 after buying an additional 1,538 shares during the period. ARS Investment Partners LLC purchased a new stake in shares of Delek US in the fourth quarter valued at approximately $185,000. Capstone Investment Advisors LLC purchased a new stake in shares of Delek US in the third quarter valued at approximately $193,000. Finally, Abel Hall LLC purchased a new stake in shares of Delek US in the fourth quarter valued at approximately $196,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Delek US Company Profile

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through Refining, Logistics, and Retail segments. The Refining segment processes crude oil and other feedstock 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 terminal.