Delek US Reaches New 52-Week High After Analyst Upgrade

Shares of the oil and gas company soar following positive outlook from Raymond James

Mar. 27, 2026 at 8:50am

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Shares of Delek US Holdings, Inc. (NYSE:DK) reached a new 52-week high on Wednesday after investment firm Raymond James raised its price target on the stock from $47 to $54. Raymond James maintained its "outperform" rating on Delek US, citing the company's strong performance and positive industry outlook.

Why it matters

The stock price increase signals growing investor confidence in Delek US, one of the largest independent downstream energy companies in the United States. As an inland refiner, Delek US has weathered industry challenges and is now poised for potential growth, which could benefit the company's shareholders.

The details

Delek US operates a network of refineries, storage terminals, pipelines and convenience stores across the southern United States. The company focuses on converting crude oil into a variety of finished products, including gasoline, diesel, jet fuel and renewable fuels. Raymond James cited Delek US's strong operational performance and positive industry trends as reasons for upgrading its price target on the stock.

  • Delek US stock reached a new 52-week high on Wednesday, March 27, 2026.
  • Raymond James raised its price target on Delek US from $47 to $54 on the same day.

The players

Delek US Holdings, Inc.

An independent downstream energy company engaged in refining, logistics and marketing of petroleum products, headquartered in Brentwood, Tennessee.

Raymond James Financial

A diversified financial services company that provides investment banking, asset management, and other financial services to individuals, corporations and municipalities.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

The takeaway

The rise in Delek US's stock price highlights the company's resilience in the face of industry challenges and its potential for future growth, signaling a positive outlook for the company's shareholders.