Delek US Holdings (DK) Receives Price Target

Delek US Holdings (DK) stock is expected to deviate a maximum of $7.71 from the average target price of $19.8 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $37 and the most muted being $13.

Delek US Holdings (DK) : 10 analysts are covering Delek US Holdings (DK) and their average rating on the stock is 2.6, which is read as a Hold. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Delek US Holdings (DK) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, Major Brokerage house, Piper Jaffray maintains its ratings on Delek US Holdings (NYSE:DK). In the latest research report, Piper Jaffray raises the target price from $10 per share to $13 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on August 22, 2016.

Delek US Holdings (NYSE:DK): The stock opened at $17.52 on Thursday but the bulls could not build on the opening and the stock topped out at $17.73 for the day. The stock traded down to $17.07 during the day, due to lack of any buying support eventually closed down at $17.31 with a loss of -1.37% for the day. The stock had closed at $17.55 on the previous day. The total traded volume was 669,447 shares.

Delek US Holdings, Inc. (Delek) is an integrated energy business focused on petroleum refining, the transportation, storage and wholesale of crude oil and intermediate and refined products and convenience store retailing. The Company operates through three operating segments: Refining, Logistics and Retail. The Companys Refining Segment operates independent refineries in Tyler, Texas (the Tyler refinery) and El Dorado, Arkansas (the El Dorado refinery) with a combined design crude distillation capacity of 140,000 barrels per day (bpd). The Logistics Segment gathers, transports and stores crude oil and markets, distributes, transports and stores refined products in select regions of the southeastern United States and west Texas for both its refining segment and third parties. The Companys Retail Segment markets gasoline, diesel, other refined petroleum products and convenience merchandise.

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