Credit Suisse downgraded Delek US Holdings (NYSE:DK) from Outperform to Neutral in a report released today.
- Updated: October 11, 2016
Credit Suisse has downgraded Delek US Holdings (NYSE:DK) from Outperform to Neutral in a report released on 10/11/2016.
Just yesterday Delek US Holdings (NYSE:DK) traded -2.97% lower at $17.84. The company’s 50-day moving average is $17.47 and its 200-day moving average is $14.91. The last stock close price is up 16.11% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 177,186 shares of the stock traded hands, down from an average trading volume of 1,144,620
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Delek US Holdings has a with a one year low of $11.41 and a one year high of $29.90 DK’s total market value is presently $0.
In addition to Credit Suisse reporting its target price, a total of 14 firms have reported on the stock. The consensus target price is $23.50 with 4 firms rating the stock a strong buy, 7 firms rating the stock a buy, 5 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Delek US Holdings (NYSE:DK)
Delek US Holdings, Inc. is an integrated energy business focused on petroleum refining, the transportation, storage and wholesale of crude oil, intermediate and refined products and convenience store retailing. The Company operates through three segments: Refining, Logistics and Retail. Its Refining Segment operates independent refineries in Tyler, Texas, and El Dorado, Arkansas with a combined design crude distillation capacity of approximately 155,000 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. Its Retail Segment markets gasoline, diesel, other refined petroleum products and convenience merchandise through a network of over 360 Company-operated retail fuel and convenience stores located in Alabama, Arkansas, Georgia, Kentucky, Mississippi, Tennessee and Virginia.
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