RBC Capital Believes Delek US Holdings (NYSE: DK) Won’t Stop Here

By Austin Angelo

RBC Capital analyst Brad Heffern reiterated a Buy rating on Delek US Holdings (NYSE: DK) today and set a price target of $49. The company’s shares opened today at $44.28, close to its 52-week high of $44.95.

According to TipRanks.com, Heffern is a 5-star analyst with an average return of 22.6% and a 73.6% success rate. Heffern covers the Basic Materials sector, focusing on stocks such as Contango Oil & Gas Company, Continental Resources, and Range Resources Corp.

Currently, the analyst consensus on Delek US Holdings is Strong Buy and the average price target is $42.20, representing a -4.7% downside.

In a report issued on April 9, Scotiabank also reiterated a Buy rating on the stock with a $46 price target.

Based on Delek US Holdings’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $2.48 billion and quarterly net profit of $211 million. In comparison, last year the company earned revenue of $1.18 billion and had a net profit of $11.2 million.

Based on the recent corporate insider activity of 101 insiders, corporate insider sentiment is negative on the stock.

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Delek US Holdings, Inc. is a diversified downstream energy company, which focuses on petroleum refining, the transportation, storage and wholesale distribution of crude oil, intermediate and refined products and convenience store retailing. It operates through following segments: Refining, Logistics and Retail.