Barclays Remains a Hold on Delek US Holdings (DK)

Barclays analyst Theresa Chen maintained a Hold rating on Delek US Holdings (DK) yesterday and set a price target of $11.00. The company’s shares closed last Tuesday at $13.10.

According to, Chen is a 1-star analyst with an average return of -0.9% and a 56.4% success rate. Chen covers the Industrial Goods sector, focusing on stocks such as KNOT Offshore Partners, Dcp Midstream Partners, and BP Midstream Partners.

The word on The Street in general, suggests a Hold analyst consensus rating for Delek US Holdings with a $16.00 average price target, a 12.8% upside from current levels. In a report issued on November 5, RBC Capital also maintained a Hold rating on the stock with a $13.00 price target.

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Based on Delek US Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.54 billion and net profit of $87.7 million. In comparison, last year the company earned revenue of $2.33 billion and had a net profit of $51.3 million.

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Delek US Holdings, Inc. engages in the transportation, storage, and wholesale distribution of crude oil. It operates through the following segments: Refining, Logistics, Retail, and Corporate and Other. The Refining segment processes crude oil and other purchased feedstocks for the manufacture of transportation motor fuels, including gasoline, diesel fuel and aviation fuel, asphalt, and other petroleum-based products. The Logistics segment gathers, transports, and stores crude oil and markets, distributes, transports, and stores refined products. The Retail segment markets gasoline, diesel and other refined petroleum products, and convenience merchandise through a network of company-operated retail fuel and convenience stores. The company was founded in 2001 and is headquartered in Brentwood, TN.

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