Brokers Issue Forecasts for Delek US’s Q2 Earnings (NYSE:DK)

by · The Markets Daily

Delek US Holdings, Inc. (NYSE:DK – Free Report) – Equities research analysts at Zacks Research lifted their Q2 2027 earnings estimates for shares of Delek US in a research report issued to clients and investors on Friday, October 23rd. Zacks Research analyst Team now forecasts that the oil and gas company will earn $1.69 per share for the quarter, up from their previous forecast of $1.52. The consensus estimate for Delek US’s current full-year earnings is $18.79 per share.

DK has been the subject of a number of other research reports. The Goldman Sachs Group increased their target price on Delek US from $83.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, October 15th. TD Cowen lifted their price target on Delek US from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, October 22nd. Weiss Ratings upgraded Delek US from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Wells Fargo & Company boosted their price target on Delek US from $82.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 14th. Finally, Raymond James Financial increased their price objective on Delek US from $72.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, September 14th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Delek US has a consensus rating of “Moderate Buy” and an average target price of $75.00.

Read Our Latest Stock Analysis on Delek US

Delek US Trading Down 10.5%

NYSE:DK opened at $70.22 on Monday. Delek US has a 12 month low of $25.85 and a 12 month high of $82.27. The stock has a 50 day moving average of $73.67 and a two-hundred day moving average of $52.19.

Delek US (NYSE:DK – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.67 by $2.81. The company had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $3.44 billion. During the same period in the prior year, the business posted ($0.56) earnings per share. The company’s quarterly revenue was up 47.9% compared to the same quarter last year.

Hedge Funds Weigh In On Delek US

A number of institutional investors have recently added to or reduced their stakes in the stock. Pinnacle Wealth Planning Services Inc. purchased a new stake in shares of Delek US in the third quarter valued at about $111,000. Carolina Wealth Advisors LLC purchased a new position in Delek US during the third quarter worth about $38,000. Sterling Capital Management LLC raised its stake in Delek US by 837.7% during the third quarter. Sterling Capital Management LLC now owns 2,016 shares of the oil and gas company’s stock worth $144,000 after purchasing an additional 1,801 shares during the period. Inspire Investing LLC purchased a new position in Delek US during the third quarter worth about $711,000. Finally, Yousif Capital Management LLC acquired a new position in Delek US in the 3rd quarter valued at about $1,119,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insiders Place Their Bets

In other news, Director Gary M. Jr. Sullivan sold 27,688 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $69.01, for a total value of $1,910,748.88. Following the completion of the sale, the director directly owned 32,004 shares in the company, valued at $2,208,596.04. This represents a 46.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Vicky Sutil sold 6,397 shares of the stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $71.50, for a total value of $457,385.50. Following the completion of the sale, the director directly owned 26,407 shares of the company’s stock, valued at approximately $1,888,100.50. This represents a 19.50% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 163,377 shares of company stock worth $11,082,485. 3.56% of the stock is currently owned by insiders.

Key Headlines Impacting Delek US

Here are the key news stories impacting Delek US this week:

  • Positive Sentiment: Zacks raised its Q3 2026 EPS estimate to $4.19 from $2.05, Q4 2026 to $4.05 from $1.70, and FY2026 to $13.80 from $9.31. These substantial upgrades suggest expectations for stronger near-term refining or operating performance. Q2 Earnings Estimate for Delek US Issued By Zacks Research
  • Positive Sentiment: Estimates for FY2027 increased to $11.18 EPS from $5.88, while Q1 2027, Q3 2027, and Q4 2027 forecasts also rose significantly. The revisions indicate analysts expect earnings to remain strong beyond 2026, although below the projected FY2026 level.
  • Positive Sentiment: Zacks also lifted its Q1 2028 EPS estimate to $0.23 from $0.14, Q2 2028 to $0.44 from $0.02, and FY2028 to $0.29 from $0.02. While the percentage increases are large, the absolute earnings figures remain modest.
  • Neutral Sentiment: The current full-year analyst consensus remains $18.04 EPS, above Zacks’ FY2026 estimate of $13.80, suggesting expectations vary considerably across analysts and could contribute to volatility in DK.
  • Negative Sentiment: Zacks reduced its Q3 2028 EPS forecast to $0.77 from $0.90. More broadly, the forecast profile drops sharply from projected 2026–2027 earnings to very low 2028 earnings, raising concerns about the sustainability of Delek US’s profit cycle.

Delek US Company Profile

(Get Free Report)

Delek US Holdings, Inc is a downstream energy company headquartered in Brentwood, Tennessee. The company operates petroleum refineries and related logistics assets, producing and transporting fuels and other refined petroleum products for markets primarily in the southern United States.

Through its refining operations, Delek processes crude oil into products such as gasoline, diesel, jet fuel and asphalt. Its logistics business, conducted in part through Delek Logistics Partners, owns and operates pipelines, crude oil gathering systems, storage terminals, transportation assets and other infrastructure that supports the movement of crude oil and refined products.

Delek has also operated convenience stores and fuel stations, particularly in Texas and neighboring states, under brands including DK and Alon.

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