Delek US Holdings Inc [DK] stock prices are up 6.61% to $29.50 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The DK shares have gain 11.32% over the last week, with a monthly amount glided 5.09%, and seem to be holding up well over a long-time horizon.
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On 12, March 2024, Delek Logistics Partners, LP Announces Closing of Public Offering of Common Units and Full Exercise of Underwriters’ Option to Purchase Additional Units. In a post published today on Yahoo Finance, Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) announced today that it has closed its previously announced underwritten public offering of 3,584,416 common units representing limited partner interests in Delek Logistics, including 467,532 common units sold pursuant to the underwriters’ full exercise of their option to purchase additional common units, at a price of $38.50 per unit. Delek Logistics intends to use the gross proceeds of approximately $132.5 million, after underwriting fees and commissions and before other offering-related expenses, to repay outstanding borrowings under its revolving credit agreement.
From an analyst’s perspective:
Delek US Holdings Inc [NYSE: DK] stock has seen the most recent analyst activity on February 28, 2024, when TD Cowen reiterated its Market Perform rating and also boosted its price target to $24 from $23. On March 29, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $24 on the stock. UBS started tracking the stock assigning a Neutral rating and suggested a price target of $29 on March 09, 2023. Piper Sandler downgraded its rating to a Neutral and reduced its price target to $32 on January 20, 2023. Mizuho downgraded its rating to Underperform for this stock on January 10, 2023, and upped its price target to $30. In a note dated January 05, 2023, Wells Fargo downgraded an Underweight rating on this stock and revised its target price from $40 to $24.
The stock price of Delek US Holdings Inc [DK] has been fluctuating between $19.39 and $31.22 over the past year. Currently, Wall Street analysts expect the stock to reach $27.2 within the next 12 months. Delek US Holdings Inc [NYSE: DK] shares were valued at $29.50 at the most recent close of the market. An investor can expect a potential drop of -7.8% based on the average DK price forecast.
Analyzing the DK fundamentals
The Delek US Holdings Inc [NYSE:DK] reported sales of 16.92B for trailing twelve months, representing a drop of -9.60%. Gross Profit Margin for this corporation currently stands at 0.04% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at 0.0%, and Net Profit Margin reading is 0.0%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.02 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.14.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 28.34 points at the first support level, and at 27.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.19, and for the 2nd resistance point, it is at 30.89.
Delek US Holdings Inc [DK] reported earnings per share of -$1.46 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$1.27/share, meaning a difference of -$0.19 and a surprise factor of -15.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.02 per share as compared to estimates of $1.33 per share, a difference of $0.69 representing a surprise of 51.90%.
Ratios To Look Out For
It’s worth pointing out that Delek US Holdings Inc [NYSE:DK]’s Current Ratio is 0.99. In addition, the Quick Ratio stands at 0.63 and the Cash Ratio stands at 0.31. Considering the valuation of this stock, the price to sales ratio is 0.11, the price to book ratio is 2.23 and price to earnings (TTM) ratio is 134.40.
Transactions by insiders
Recent insider trading involved Tolson Laurie Z., Director, that happened on Mar 12 ’24 when 603.0 shares were sold. CFO, Spiegel Reuven completed a deal on Mar 08 ’24 to sell 750.0 shares. Meanwhile, SVP & Deputy CFO Wright Robert G. sold 2123.0 shares on Feb 12 ’24.
