Delek US Holdings, Inc. (NYSE:DK) has been downgraded to Market Perform in a statement by Wells Fargo & Co. earlier today.
- Updated: September 21, 2016
Wells Fargo & Co. has downgraded Delek US Holdings, Inc. (NYSE:DK) to Market Perform in a statement released on Wednesday September 21, 2016.
On 9/16/2016, Piper Jaffray released a statement on Delek US Holdings, Inc. (NYSE:DK) bumped up the target price from $13.00 to $14.00 that suggested a downside of -0.22%.
Boasting a price of $17.77, Delek US Holdings, Inc. (NYSE:DK) traded 0.00% even on the day. With the last close up 18.29% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Delek US Holdings, Inc. has recorded a 50-day average of $16.59 and a two hundred day average of $14.72. Volume of trade was down over the average, with 0 shares of DK changing hands under the typical 1,229,120
With a total market value of $0, Delek US Holdings, Inc. has with a one year low of $11.41 and a one year high of $30.74 .
A total of 14 analysts have released a research note on DK. Four analysts rating the company a strong buy, seven analysts rating the company a buy, five analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $23.50.
More About Delek US Holdings, Inc. (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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