Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Delek US Holdings (DK) Stock Price
Media coverage about Delek US Holdings (NYSE:DK) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Delek US Holdings earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave news headlines about the oil and gas company an impact score of 46.3444818056877 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news headlines that may have effected Accern’s rankings:
- Alon USA Partners to Host Third Quarter 2017 Conference Call on November 9 – Nasdaq (nasdaq.com)
- Delek US Holdings to Host Third Quarter 2017 Conference Call on November 9 – GlobeNewswire (press release) (globenewswire.com)
- Delek US Holdings, Inc. (DK) Lifted to “Buy” at Zacks Investment Research (americanbankingnews.com)
- Delek US Holdings, Inc. (DK) moves -5.13% away from 52-Week High = Technical Facts – Voice Of Analysts (analystsbuzz.com)
A number of analysts have recently weighed in on the stock. BidaskClub cut shares of Delek US Holdings from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Zacks Investment Research upgraded shares of Delek US Holdings from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Monday. Tudor Pickering restated a “hold” rating on shares of Delek US Holdings in a research note on Wednesday, July 12th. Cowen and Company restated a “buy” rating and issued a $30.00 price objective on shares of Delek US Holdings in a research note on Thursday, August 17th. Finally, Citigroup Inc. cut shares of Delek US Holdings from a “buy” rating to a “neutral” rating and set a $29.00 price objective for the company. in a research note on Friday, July 14th. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $29.00.
Shares of Delek US Holdings (NYSE:DK) traded up 0.38% during trading on Tuesday, reaching $26.43. 200,746 shares of the company were exchanged. Delek US Holdings has a one year low of $14.76 and a one year high of $27.85. The stock’s market capitalization is $2.15 billion. The company has a 50 day moving average price of $25.82 and a 200-day moving average price of $24.96.
Delek US Holdings (NYSE:DK) last released its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.37). The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $944.29 million. Delek US Holdings had a negative net margin of 3.15% and a negative return on equity of 4.60%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.08) EPS. Equities analysts predict that Delek US Holdings will post $0.28 EPS for the current year.
In other Delek US Holdings news, insider Anthony L. Miller sold 1,509 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $26.28, for a total transaction of $39,656.52. Following the completion of the sale, the insider now owns 11,370 shares of the company’s stock, valued at approximately $298,803.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles H. Leonard sold 2,500 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $22.10, for a total value of $55,250.00. Following the sale, the director now directly owns 23,035 shares of the company’s stock, valued at approximately $509,073.50. The disclosure for this sale can be found here. Insiders have sold a total of 10,027 shares of company stock valued at $249,830 in the last ninety days. Insiders own 1.61% of the company’s stock.
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About Delek US Holdings
Delek US Holdings, Inc is a diversified downstream energy company. The Company has a broad platform consisting of refining, logistics, retail and wholesale marketing, renewables and asphalt operations. It operates through five segments: refining, logistics, asphalt, renewable and retail. Its refining assets consist of refineries operated in Tyler and Big Spring, Texas, El Dorado, Arkansas and Krotz Springs, Louisiana with a combined nameplate crude throughput capacity of 302,000 barrels per day.
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