Delek US Holdings Inc (NYSE: DK) has reported a loss for its fourth fiscal quarter (ending December 31) of $-2.57 versus a loss $-1.73 for the same period a year ago. This result fell short of the consensus estimate of $-1.26 by $-1.31. For the latest four quarters through December 31, E.P.S. were $0.30 versus $3.63 for the same period a year ago — a decline of -92%.
Recent Price Action
Delek US Holdings Inc (NYSE: DK) stock suffered a large decline of -9.1% on 2/27/24. The stock closed at $25.72. Moreover, exceptionally high trading volume at 269% of normal accompanied the decline. Relative to the market the stock has been strong over the last nine months but has declined -9.2% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, DK is expected to be Value Creation neutral.
Delek US Holdings has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Delek US Holdings has a slightly negative Appreciation Score of 32 but a slightly positive Power Rating of 66, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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