Raymond James Maintains Delek US Holdings to Hold with Price Target $21.00

Brokerage firm Raymond James Maintains its rating on Delek US Holdings(NYSE:DK). In a research note issued to the investors, the brokerage major Raises the price-target to $21.00 per share. The shares have been rated Hold. The rating by Raymond James was issued on Sep 15, 2016.

In a different note, On Sep 21, 2016, Wells Fargo said it Downgrades its rating on Delek US Holdings. The shares have been rated ‘Market Perform’ by the firm. Citigroup said it Initiates Coverage on Delek US Holdings, according to a research note issued on Sep 14, 2016. The shares have been rated ‘Buy’ by the firm. On Aug 22, 2016, Piper Jaffray said it Maintains its rating on Delek US Holdings. In the research note, the firm Raises the price-target to $10.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 5, 2016, Barclays said it Maintains its rating on Delek US Holdings. In the research note, the firm Raises the price-target to $15.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Aug 5, 2016, JP Morgan said it Maintains its rating on Delek US Holdings. In the research note, the firm Raises the price-target to $12.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 13, 2016, Barclays said it Downgrades its rating on Delek US Holdings. In the research note, the firm Lowers the price-target to $20.00 per share. The shares have been rated ‘Equal-weight’ by the firm.

Delek US Holdings (DK) shares turned negative on Tuesdays trading session with the shares closing down -0.69 points or -3.81% at a volume of 9,37,729. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $18.18. The peak price level was also seen at $18.18 while the days lowest was $17.39. Finally the shares closed at $17.41. The 52-week high of the shares is $30.74 while the 52-week low is $11.41. According to the latest information available, the market cap of the company is $1,076 M.

Delek US Holdings(DK) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.43B. Analysts had an estimated revenue of $1.41B. Earnings per share were $-0.08. Analysts had estimated an EPS of $-0.21.

Several Insider Transactions has been reported to the SEC. On Nov 13, 2015, William J Finnerty (director) purchased 1,000 shares at $26.20 per share price.Also, On Sep 11, 2015, Harry Parker Daily (Executive Vice President) sold 2,500 shares at $30.91 per share price.On Sep 4, 2015, Charles H Leonard (director) sold 4,500 shares at $28.65 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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 140000 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 Company’s Retail Segment markets gasoline diesel other refined petroleum products and convenience merchandise.

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