Delek US (NYSE:DK) Posts Earnings Results, Misses Expectations By $1.01 EPS

Delek US (NYSE:DK) posted its earnings results on Tuesday. 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), Zacks reports. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.58 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The business’s revenue for the quarter was down 39.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($1.46) earnings per share.

Delek US Trading Down 0.1 %

Shares of DK stock opened at $16.37 on Wednesday. Delek US has a fifty-two week low of $15.36 and a fifty-two week high of $33.60. 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 stock’s fifty day moving average is $18.19 and its two-hundred day moving average is $18.62. The firm has a market capitalization of $1.03 billion, a P/E ratio of -3.37 and a beta of 1.20.

Delek US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, March 3rd will be paid a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 6.23%. The ex-dividend date is Monday, March 3rd. Delek US’s dividend payout ratio is currently -20.99%.

Analyst Ratings Changes

A number of brokerages have weighed in on DK. Mizuho decreased their price objective on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. JPMorgan Chase & Co. upped their price target on Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Wells Fargo & Company dropped their price objective on Delek US from $18.00 to $16.00 and set an “underweight” rating on the stock in a report on Monday, December 9th. Finally, Wolfe Research raised Delek US from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Five research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $21.00.

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.