Delek US Holdings, Inc. (NYSE:DK) is reporting third quarter financial results on Wednesday 4th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, DK is expected to report 3Q20 loss of $ 1.38 per share from revenue of $ 1358.02 million.
For the full year, analysts anticipate top line of $ 6036.57 million, while looking forward to loss of $ 4.2 per share bottom line.
Previous Quarter Performance
Delek US Holdings, Inc. posted loss for the second quarter of $ 1.50 per share, from the revenue of $ 1,536.00 million. The quarterly revenues shrunk 38.07 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.51 per share from $ 1257.74 million in revenue. The bottom line results missed street analysts by $ 0.99 or 194.12 percent, at the same time, top line results outshined analysts by $ 278.26 million or 22.12 percent.
Stock Performance
Shares of Delek US Holdings, Inc. traded up $ 0.34 or 3.17 percent on Tuesday, reaching $ 11.07 with volume of 1.25 million shares. Delek US Holdings, Inc. has traded high as $ 11.17 and has cracked $ 10.77 on the downward trend
According to the previous trading day, closing price of $ 11.07, representing a 37.74 % increase from the 52 week low of $ 7.79 and a 73.05 % decrease over the 52 week high of $ 39.82.
The company has a market capital of $ 815.39 million and is part of the Energy sector and Oil & Gas Refining & Marketing industry.
Recent Analyst recommendations
- On 19th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 13.50 target price.
- On 18th September 2020, maintained by Raymond James at Outperform rating, with $ 18.00 target price.
- On 9th September 2020, maintained by Piper Sandler at Neutral rating, with $ 22.00 target price.
Recent Stock Dividend Announcement
On August 4, 2020, the board of directors authorized quarterly dividend of $ 0.31 per share to holders of record as of the close of business on August 19, 2020, with payment date of September 3, 2020 and ex-dividend date on August 18, 2020.
Delek US Holdings, Inc. engages in the integrated downstream energy business in the United States. The companys Refining segment processes crude oil and other purchased feedstocks for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminals.
