Zacks Research Weighs in on Delek US FY2027 Earnings

Delek US Holdings, Inc. (NYSE:DK) – Analysts at Zacks Research issued their FY2027 EPS estimates for shares of Delek US in a research note issued to investors on Monday, March 17th. Zacks Research analyst R. Department expects that the oil and gas company will earn $2.76 per share for the year. The consensus estimate for Delek US’s current full-year earnings is ($5.50) per share.

DK has been the topic of several other reports. Piper Sandler reduced their price target on Delek US from $18.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Mizuho reduced their target price on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. JPMorgan Chase & Co. raised their price target on shares of Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Wells Fargo & Company reduced their price objective on shares of Delek US from $17.00 to $15.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 26th. Finally, Wolfe Research raised Delek US from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Five analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $20.30.

Delek US Price Performance

Shares of DK opened at $17.16 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18. The stock has a market cap of $1.07 billion, a PE ratio of -3.53 and a beta of 1.14. Delek US has a 12-month low of $13.40 and a 12-month high of $33.60. The business has a 50-day simple moving average of $17.49 and a two-hundred day simple moving average of $18.02.

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

Delek US Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, March 3rd were paid a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 5.94%. The ex-dividend date of this dividend was Monday, March 3rd. Delek US’s dividend payout ratio (DPR) is presently -11.54%.

Insiders Place Their Bets

In other news, CFO Mark Wayne Hobbs bought 2,800 shares of Delek US stock in a transaction dated Tuesday, March 11th. The stock was bought at an average cost of $13.70 per share, for a total transaction of $38,360.00. Following the purchase, the chief financial officer now directly owns 49,138 shares in the company, valued at approximately $673,190.60. This represents a 6.04 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have acquired 5,055 shares of company stock worth $70,787. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of Delek US during the fourth quarter worth approximately $3,982,000. Mackenzie Financial Corp increased its stake in Delek US by 67.8% during the 4th quarter. Mackenzie Financial Corp now owns 39,617 shares of the oil and gas company’s stock valued at $733,000 after purchasing an additional 16,009 shares in the last quarter. GF Fund Management CO. LTD. acquired a new position in Delek US during the fourth quarter worth $363,000. Public Employees Retirement System of Ohio bought a new position in shares of Delek US in the fourth quarter valued at $780,000. Finally, GTS Securities LLC acquired a new position in shares of Delek US during the fourth quarter valued at about $390,000. Institutional investors own 97.01% of the company’s stock.

About Delek US

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.