Delek US (NYSE:DK) Releases Earnings Results, Misses Estimates By $1.01 EPS

Delek US (NYSE:DK) posted its earnings results on Tuesday. The oil and gas company reported ($2.54) EPS for the quarter, missing analysts’ consensus estimates of ($1.53) by ($1.01), Zacks reports. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%.

Delek US Stock Down 1.9 %

Shares of DK stock opened at $16.34 on Tuesday. Delek US has a twelve month low of $15.36 and a twelve month high of $33.60. The stock has a market cap of $1.03 billion, a P/E ratio of -3.36 and a beta of 1.20. The stock has a 50 day moving average of $18.22 and a 200 day moving average of $18.65. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18.

Delek US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, March 3rd will be paid a $0.255 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 6.24%. Delek US’s payout ratio is -20.99%.

Wall Street Analyst Weigh In

Several analysts have recently commented on DK shares. JPMorgan Chase & Co. increased their price objective on Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Wolfe Research raised Delek US from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Wells Fargo & Company cut their price objective on shares of Delek US from $18.00 to $16.00 and set an “underweight” rating on the stock in a report on Monday, December 9th. Finally, Mizuho dropped their target price on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Five equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $21.00.

Delek US Company Profile

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through Refining, Logistics, and Retail segments. The Refining segment processes crude oil and other feedstock for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminal.