Delek US Holdings (NYSE:DK) : Zacks Investment Research ranks Delek US Holdings (NYSE:DK) as 3, which is a Hold recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 1.82, which indicates as a Buy.
Delek US Holdings (NYSE:DK) stock is expected to deviate a maximum of $8.54 from the average target price of $22.6 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $37 and the most muted being $11.
For the current week, the company shares have a recommendation consensus of Buy. Also, Credit Suisse maintains their rating on the shares of Delek US Holdings (NYSE:DK). The current rating of the shares is Outperform. Equity Analysts at the Firm lowers the price target to $22 per share from $28 per share. The rating by the firm was issued on April 11, 2016.
Delek US Holdings (NYSE:DK): stock turned positive on Tuesday. Though the stock opened at $12.15, the bulls momentum made the stock top out at $12.76 level for the day. The stock recorded a low of $12.14 and closed the trading day at $12.65, in the green by 6.30%. The total traded volume for the day was 1,143,478. The stock had closed at $11.9 in the previous days trading.
In an insider trading activity, Finnerty William J, director of Delek Us Holdings, Inc. had purchased 1,000 shares on November 11, 2015 in a transaction. The price per share was $26.2 and the total amount of the disclosed transaction was $26,200.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
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 Companys 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 140,000 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 Companys Retail Segment markets gasoline, diesel, other refined petroleum products and convenience merchandise.