Credit Suisse Maintains Delek US Holdings to Outperform with Price Target $22.00

Brokerage firm Credit Suisse Maintains its rating on Delek US Holdings(NYSE:DK). In a research note issued to the investors, the brokerage major Lowers the price-target to $22.00 per share. The shares have been rated Outperform. The rating by Credit Suisse was issued on Apr 11, 2016.

In a different note, On Mar 1, 2016, Macquarie said it Downgrades its rating on Delek US Holdings. The shares have been rated ‘Neutral’ by the firm. On Jan 26, 2016, Goldman Sachs said it Downgrades its rating on Delek US Holdings. In the research note, the firm Lowers the price-target to $20 per share. The shares have been rated ‘Neutral’ by the firm. On Jan 26, 2016, Deutsche Bank said it Maintains its rating on Delek US Holdings. According to the research note, Deutsche Bank Lowers the price target to $34 per share from a prior target of $38. The shares have been rated ‘Hold’ by the firm.

Delek US Holdings (DK) shares turned negative on Fridays trading session with the shares closing down -0.2 points or -1.25% at a volume of 13,98,866. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $16.16. The peak price level was also seen at $16.16 while the days lowest was $15.76. Finally the shares closed at $15.76. The 52-week high of the shares is $40.47 while the 52-week low is $12.54. According to the latest information available, the market cap of the company is $979 M.

Delek US Holdings(DK) last announced its earnings results on Feb 25, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $1.36B. Analysts had an estimated revenue of $1.39B. Earnings per share were $-0.07. Analysts had estimated an EPS of $-0.12.

Several Insider Transactions has been reported to the SEC. On Nov 13, 2015, William J Finnerty (director) purchased 1,000 shares at $26.20 per share price.Also, On Sep 11, 2015, Harry Parker Daily (Executive Vice President) sold 2,500 shares at $30.91 per share price.On Sep 4, 2015, Charles H Leonard (director) sold 4,500 shares at $28.65 per share price, according to the Form-4 filing with the securities and exchange commission.

Delek US Holdings Inc. (Delek) is an integrated energy business focused on petroleum refining the transportation storage and wholesale of crude oil and intermediate and refined products and convenience store retailing. The Company operates through three operating segments: Refining Logistics and Retail. The Company’s Refining Segment operates independent refineries in Tyler Texas (the Tyler refinery) and El Dorado Arkansas (the El Dorado refinery) with a combined design crude distillation capacity of 140000 barrels per day (bpd). The Logistics Segment gathers transports and stores crude oil and markets distributes transports and stores refined products in select regions of the southeastern United States and west Texas for both its refining segment and third parties. The Company’s Retail Segment markets gasoline diesel other refined petroleum products and convenience merchandise.

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