There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Delek US Holdings Inc. (DK) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.34, or -1.12%, to $29.94. The Delek US Holdings Inc. has recorded 120,093 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Delek US Holdings Reports Second Quarter 2023 Results and Raises Quarterly Dividend.
This NYSE-listed company operates within the Oil & Gas Refining & Marketing industry segment, falling under the Energy sector. At the end of the last regular session, the stock closed at $30.28 and fluctuated between $31.22 as its day high and $30.24 as its day low. The current market capitalization of Delek US Holdings Inc. is $1.85B. A total of 1.99 million shares were traded on the day, compared to an average of 1.25M shares.
Insider trades can also provide insight into a stock’s future direction. During the recent three months, DK has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 21 BUYs and 17 SELLs from insiders. Insiders purchased 197,203 shares during that period but sold 34,773.
In the most recent transaction, Tolson Laurie Z. sold 2,700 shares of DK for 26.67 per share on Aug 25. After the transaction, the Director now owns 12,340 company shares. In a previous transaction on Mar 14, Soreq Avigal bought 6,775 shares at 22.63 per share. DK shares that President & CEO owns now total 94,400.
Among the insiders who bought shares, Spiegel Reuven acquired of 2,000 shares on Mar 14 at a per-share price of $22.60. This resulted in the CFO holding 33,148 shares of DK after the transaction.
The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. DK’s most recent ex-dividend date was 8/11/2023 when it declared a $0.2350 quarterly dividend that was paid in cash on 8/21/2023. Previously, the company paid the dividend on 5/22/2023 with an ex-dividend date of 5/12/2023. The DK stock dividend was $0.23 per share in cash.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for DK in the last 3 months, the mean price target is $29.62 with high estimates of $56.00 and low estimates of $21.00. In terms of 52-week highs and lows, DK has a high of $35.45 and a low of $19.39.
As of this writing, DK has an earnings estimate of $1.47 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $1.98 per share and a lower estimate of $0.73. The company reported an EPS of $1.37 in the last quarter, which was 34.30% higher than expectations of $1.02.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. DK’s latest balance sheet shows that the firm has $856.50M in Cash & Short Term Investments as of fiscal 2021. There were $2.42B in debt and $3.13B in liabilities at the time. Its Book Value Per Share was $14.31, while its Total Shareholder’s Equity was $947.50M.
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DK is Buy with a score of 2.45.