Delek US Holdings, Inc. (NYSE:DK) is -1.99 points lower today and the only thing that matters is where they go from here. You simply have to look deeper than the share price and explore the fundamentals and future growth potential. The stock value has plummeted by nearly -5.49% to $34.17 from its previous close of $36.16. Does this decline mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 636260 contracts so far this session. DK shares had a relatively better volume day versus average trading capacity of 1.21 million shares, but with a 74.93 million float and a 1.06% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for DK stock indicates that the average analyst price target is $44.92 per share. This means the stock has a potential increase of 31.46% from where the DK share price has been trading recently which is between $35.61 and $37.37. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $37.
The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Oil Refinery Stocks Have Been Beaten Down. Here Are 3 That Could Rise.” and dated May 21, 2019.
During the recent trading session for Delek US Holdings, Inc. (NYSE:DK), the company witnessed their stock drop by $-3.36 over a week and tumble down $-4.34 from the price 20 days ago. When compared to their established 52-week high of $61.57, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 06/04/18. The recent low of $29.51 stood for a -44.49% since 12/24/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.28 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Delek US Holdings, Inc., the two-week RSI stands at 40.59. This figure suggests that DK stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current DK readings is similarly very revealing as it has a stochastic reading of 37.89% at this stage. This figure means that DK share price today is being neutral.
Technical chart claims that Delek US Holdings, Inc. (DK) would settle between $37.15/share to $38.14/share level. However, if the stock price goes below the $35.39 mark, then the market for Delek US Holdings, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $34.62 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.13. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Goldman lowered their recommendation on shares of DK from Buy to Neutral in their opinion released on April 16. Citigroup analysts have lowered their rating of Delek US Holdings, Inc. (NYSE:DK) stock from Buy to Neutral in a separate flash note issued to investors on January 18. Analysts at Piper Jaffray, made their first call for the equity with a Neutral recommendation, according to a research note that dated back to January 10.
DK equity has an average rating of 2.33, with the figure leaning towards a bullish end. 15 analysts who tracked the company were contacted by Reuters. Amongst them, 8 rated the stock as a hold while the remaining 7 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 7 analysts rated Delek US Holdings, Inc. (NYSE:DK) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, DK stock price is currently trading at 8.95X forward 12-month Consensus EPS estimates, and its P/S ratio is 0.28 while for the average stock in the same group, the multiple is 0.82. Delek US Holdings, Inc. current P/E ratio of 5.75 means it is trading at a discount against its industry’s 22.41. In the past 5 years, this ratio for the stock has been fluctuating between 8.1 and 116.89.
Delek US Holdings, Inc. (DK)’s current-quarter revenues are projected to climb by nearly -5.87% to hit $2.41 billion, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over 11.84% from $9.83 billion to a noteworthy $10.99 billion. At the other end of the current quarter income statement, Delek US Holdings, Inc. is expected to see its adjusted earnings surge by roughly 22.33% to hit $1.26 per share. For the fiscal year, DK’s earnings are projected to climb by roughly -12.5% to hit $4.2 per share.