Delek US (NYSE:DK) Announces Earnings Results, Beats Expectations By $0.26 EPS

Delek US (NYSE:DK) issued its quarterly earnings data on Wednesday. The oil and gas company reported ($1.45) EPS for the quarter, beating the consensus estimate of ($1.71) by $0.26, Briefing.com reports. Delek US had a negative return on equity of 4.53% and a negative net margin of 0.69%. The firm had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.23 billion. During the same quarter in the prior year, the business posted $2.02 EPS. The business’s revenue for the quarter was down 34.3% compared to the same quarter last year.

Delek US Stock Up 2.0 %

Shares of DK stock traded up $0.34 on Thursday, hitting $17.64. The stock had a trading volume of 2,108,184 shares, compared to its average volume of 1,076,062. The stock’s 50 day moving average is $18.55 and its 200-day moving average is $22.38. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.58 and a current ratio of 0.98. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of -10.23 and a beta of 1.15. Delek US has a 52-week low of $15.36 and a 52-week high of $33.60.

Delek US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th will be given a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 5.78%. The ex-dividend date is Tuesday, November 12th. Delek US’s payout ratio is currently -60.36%.

Insider Buying and Selling at Delek US

In other news, CEO Avigal Soreq acquired 5,651 shares of the business’s stock in a transaction on Friday, August 9th. The shares were purchased at an average price of $20.42 per share, for a total transaction of $115,393.42. Following the completion of the purchase, the chief executive officer now directly owns 188,881 shares of the company’s stock, valued at $3,856,950.02. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.35% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Mizuho upgraded Delek US from an “underperform” rating to a “neutral” rating and dropped their target price for the company from $28.00 to $26.00 in a research report on Monday, September 16th. Wolfe Research began coverage on shares of Delek US in a research note on Thursday, July 18th. They issued an “underperform” rating and a $19.00 price target on the stock. Wells Fargo & Company decreased their target price on Delek US from $21.00 to $18.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 9th. JPMorgan Chase & Co. dropped their price objective on shares of Delek US from $26.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, October 2nd. Finally, Bank of America started coverage on shares of Delek US in a report on Thursday, October 17th. They issued an “underperform” rating and a $15.00 target price on the stock. Six analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $22.00.

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.