Wells Fargo analyst Roger Read maintained a Sell rating on Delek US Holdings (DK – Research Report) yesterday and set a price target of $25.00. The company’s shares closed yesterday at $26.16.
Read covers the Energy sector, focusing on stocks such as Exxon Mobil, Delek US Holdings, and Marathon Petroleum. According to TipRanks, Read has an average return of 10.1% and a 60.00% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Delek US Holdings with a $28.86 average price target, which is a 10.32% upside from current levels. In a report released on November 7, Mizuho Securities also maintained a Sell rating on the stock with a $27.00 price target.
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Based on Delek US Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $4.2 billion and a GAAP net loss of $8.3 million. In comparison, last year the company earned a revenue of $5.98 billion and had a net profit of $361.8 million
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DK in relation to earlier this year.
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Delek US Holdings (DK) Company Description:
Delek US Holdings, Inc. engages in the transportation, storage, and wholesale distribution of crude oil. It operates through the following segments: Refining, Logistics, Retail, and Corporate and Other. The Refining segment processes crude oil and other purchased feedstocks for the manufacture of transportation motor fuels, including gasoline, diesel fuel and aviation fuel, asphalt, and other petroleum-based products. The Logistics segment gathers, transports, and stores crude oil and markets, distributes, transports, and stores refined products. The Retail segment markets gasoline, diesel and other refined petroleum products, and convenience merchandise through a network of company-operated retail fuel and convenience stores. The company was founded in 2001 and is headquartered in Brentwood, TN.
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