Wells Fargo downgraded Delek US Holdings (NYSE:DK) from Outperform to Market Perform in a statement released earlier today.
- Updated: September 25, 2016
Wells Fargo has downgraded Delek US Holdings (NYSE:DK) from Outperform to Market Perform in a report released on 9/21/2016.
Previously on 9/16/2016, Piper Jaffray reported about Delek US Holdings (NYSE:DK) raised the target price from $13.00 to $14.00. At the time, this indicated a possible downside of -0.22%.
Yesterday Delek US Holdings (NYSE:DK) traded -0.72% lower at $17.41. The company’s 50-day moving average is $16.99 and its 200-day moving average is $14.77. The last stock close price is up 20.68% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 746,637 shares of the stock traded hands, down from an average trading volume of 1,234,920
Recent Performance Chart
Delek US Holdings has 52 week low of $11.41 and a 52 week high of $29.90 and has a market capitalization of $0.
In addition to Wells Fargo reporting its stock price target, a total of 14 brokerages have issued a ratings update on the company. The average stock price target is $23.50 with 4 brokerages rating the stock a strong buy, 7 brokerages rating the stock a buy, 5 brokerages 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.