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 the consensus estimate of ($1.53) by ($1.01), Zacks reports. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter last year, the business earned ($1.46) EPS. Delek US’s quarterly revenue was down 39.8% compared to the same quarter last year.

Delek US Stock Down 1.9 %

NYSE:DK opened at $16.34 on Tuesday. The company has a market cap of $1.03 billion, a price-to-earnings ratio of -3.36 and a beta of 1.20. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04. The stock’s fifty day moving average price is $18.22 and its two-hundred day moving average price is $18.65. Delek US has a 52-week low of $15.36 and a 52-week high of $33.60.

Delek US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, March 3rd will be given a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 6.24%. The ex-dividend date of this dividend is Monday, March 3rd. Delek US’s dividend payout ratio (DPR) is presently -20.99%.

Analyst Ratings Changes

A number of research analysts have issued reports on DK shares. Mizuho cut their price objective on Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, December 16th. JPMorgan Chase & Co. lifted their price target on shares of Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Wells Fargo & Company decreased their price objective on shares of Delek US from $18.00 to $16.00 and set an “underweight” rating on the stock in a research note on Monday, December 9th. Finally, Wolfe Research upgraded shares of Delek US from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Five investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $21.00.

About Delek US

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.