Brokerage Firm Rating Update on Delek US Holdings (DK)

Delek US Holdings (DK) : 10 analysts are covering Delek US Holdings (DK) and their average rating on the stock is 2.6, which is read as a Hold. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Delek US Holdings (DK) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Delek US Holdings (DK) : Currently there are 10 street experts covering Delek US Holdings (DK) stock. The most bullish and bearish price target for the stock is $37 and $13 respectively for the short term. The average price target of all the analysts comes to $19.8. The estimated standard deviation from the target is $7.71.


For the current week, the company shares have a recommendation consensus of Buy. Also, Brokerage firm Piper Jaffray maintains its rating on Delek US Holdings (NYSE:DK). As per the latest information, the brokerage house raises the price target to $13 per share from a prior target of $10. The shares have been rated Neutral. The rating by the firm was issued on August 22, 2016.

Delek US Holdings (NYSE:DK): The stock was completely flat for the day, closing at $17.28 on Wednesday. The flat closing masks the intraday volatility in the stock. After opening at $17.33, the stock touched an intraday high of $17.50 and a low of $16.93. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $17.28. The total trading volume on Wednesday was 857,643.

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.

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