Goldman Sachs Upgrades Par Pacific and Delek Ratings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy DK?
Source: seekingalpha
- Rating Upgrade: Goldman Sachs upgraded Par Pacific (PARR) from Neutral to Buy with a price target of $77, driven by strong earnings expectations in Hawaii and undervalued mainland refiners, indicating robust fundamentals and positive estimate revisions.
- Market Outlook: Analysts highlighted that tighter refining supply-demand fundamentals and the scarcity of refined products should enhance earnings power for U.S. refiners, suggesting a constructive outlook for small-to-midcap refiners.
- Delek US Performance: Delek US Holdings (DK) was also upgraded to Buy with a target price of $55, based on forecasts for stronger free cash flow generation supported by self-help initiatives, including cost-reduction efforts and improved marketing strategies.
- CVR Energy and PBF Energy: Goldman maintained a Sell rating on CVR Energy (CVI) due to a focus on debt paydown, while keeping a Neutral rating on PBF Energy (PBF) as they await full recovery from the 2025 fire at the Martinez refinery.
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Analyst Views on DK
Wall Street analysts forecast DK stock price to fall
9 Analyst Rating
2 Buy
7 Hold
0 Sell
Hold
Current: 41.110
Low
33.00
Averages
41.00
High
53.00
Current: 41.110
Low
33.00
Averages
41.00
High
53.00
About DK
Delek US Holdings, Inc. is a diversified downstream energy company with assets in petroleum refining, logistics, pipelines, and renewable fuels. The Company's segments include Refining and Logistics. The Refining segment processes crude oil and other feedstocks for the manufacture of transportation motor fuels, including various grades of gasoline, diesel fuel and aviation fuel, asphalt and other petroleum-based products that are distributed through owned and third-party product terminals. The Refining segment also owns three biodiesel facilities, located in Crossett, Arkansas, Cleburne, Texas and New Albany, Mississippi. The Logistics segment is engaged in gathering, transporting and storing crude oil and natural gas, marketing, distributing, transporting and storing intermediate and refined products and disposing and recycling water in select regions of the southeastern United States and North Dakota, the Midland Basin in Texas, the Delaware Basin in New Mexico and West Texas.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Delek Logistics to Announce Q1 2026 Results
- Earnings Announcement Timing: Delek Logistics plans to release its Q1 2026 results before the U.S. stock market opens on April 29, 2026, indicating the company's commitment to timely financial disclosure and transparency for investors.
- Conference Call Schedule: The company will hold a conference call at 11:30 a.m. CT (12:30 p.m. ET) on April 29, 2026, aimed at enhancing investor confidence through direct communication regarding its financial performance and future outlook.
- Online Broadcast and Replay: The conference call will be available for live streaming on the company's website, with a replay accessible for 90 days, ensuring that investors who cannot attend live can still access critical information, thereby improving information accessibility.
- Company Background Information: Delek Logistics is a midstream energy master limited partnership headquartered in Brentwood, Tennessee, primarily providing pipeline transportation and other services in the Permian Basin and other selected areas, highlighting its significant role in the energy sector.
See More
Goldman Sachs Upgrades Par Pacific and Delek Ratings
- Rating Upgrade: Goldman Sachs upgraded Par Pacific (PARR) from Neutral to Buy with a price target of $77, driven by strong earnings expectations in Hawaii and undervalued mainland refiners, indicating robust fundamentals and positive estimate revisions.
- Market Outlook: Analysts highlighted that tighter refining supply-demand fundamentals and the scarcity of refined products should enhance earnings power for U.S. refiners, suggesting a constructive outlook for small-to-midcap refiners.
- Delek US Performance: Delek US Holdings (DK) was also upgraded to Buy with a target price of $55, based on forecasts for stronger free cash flow generation supported by self-help initiatives, including cost-reduction efforts and improved marketing strategies.
- CVR Energy and PBF Energy: Goldman maintained a Sell rating on CVR Energy (CVI) due to a focus on debt paydown, while keeping a Neutral rating on PBF Energy (PBF) as they await full recovery from the 2025 fire at the Martinez refinery.
See More
Wall Street's Latest Rating Changes Analysis
- MSG Sports Upgrade: Seaport upgraded Madison Square Garden Sports from neutral to buy, citing a significant 57.5% trading discount versus intrinsic value, suggesting a potential appreciation ahead of the 2025-26 season, particularly with plans to spin off the Knicks and Rangers into standalone entities.
- ServiceNow Downgrade: UBS downgraded ServiceNow from buy to neutral due to weakened confidence in the software sector, projecting a decline in 2026 free cash flow to 15x, reflecting increased budget pressures on non-AI applications that could impact future performance.
- Shake Shack Sales Growth: Mizuho upgraded Shake Shack from neutral to outperform, anticipating upside in same-store sales for Q1, driven by strong demand and improved restaurant-level margins, indicating robust market momentum and growth potential.
- Nvidia Strong Performance: Raymond James reiterated a strong buy rating on Nvidia, based on favorable trends in its Asia supply chain, with suppliers receiving increased forecasts during the quarter, reinforcing Nvidia's position as a market leader.
See More
Delek US Holdings Board Member Sells Shares
- Transaction Overview: On March 27, 2026, Delek US Holdings board member William Finnerty sold 5,000 shares in an open-market transaction valued at $237,500, reducing his direct holdings to 36,369 shares worth approximately $1.7 million post-transaction.
- Impact on Holdings: This sale represented 12.09% of Finnerty's direct ownership, decreasing his stake from 41,369 to 36,369 shares, indicating he still retains significant confidence in the company despite the reduction.
- Trading Plan Context: The transaction was executed under a Rule 10b5-1 plan, suggesting a pre-scheduled, systematic approach rather than opportunistic trading based on insider information, which alleviates concerns regarding the motivations behind the sale.
- Market Performance Analysis: On the day of Finnerty's trade, Delek US Holdings shares reached a 52-week high of $48.32, reflecting improved company performance and geopolitical factors affecting oil supply, although the current high price suggests caution for potential investors considering buying at this level.
See More
William Finnerty Sells Delek US Shares Amid Market Highs
- Share Sale Details: Director William Finnerty sold 5,000 shares of Delek US Holdings on March 27, 2026, for approximately $238,000, representing 12.09% of his direct holdings, reducing his position from 41,369 to 36,369 shares.
- Transaction Context: This sale was executed under a Rule 10b5-1 trading plan, indicating it was not based on insider information, and Finnerty retained over 36,000 shares post-sale, reflecting confidence in his remaining holdings.
- Market Performance Impact: On the day of Finnerty's trade, Delek's stock reached a 52-week high of $48.32, driven by strong company performance and crude oil supply issues in the Persian Gulf, suggesting positive market sentiment towards its future.
- Financial Improvement: Delek reported a net income of $78.3 million in Q4 2025, a significant recovery from a net loss of $413.8 million in 2024, and organizational changes are expected to generate at least $40 million in incremental free cash flow, boosting investor confidence.
See More
Delek US Holdings Executive Sells 140,006 Shares
- Share Reduction Overview: Ezra Uzi Yemin, Director of Delek US Holdings, sold 140,006 shares in March 2026 through two rounds of open-market transactions, generating approximately $6.1 million, indicating a cautious outlook on the company's future.
- Ownership Change: This transaction reduced Yemin's total holdings from 938,076 shares to 798,070 shares, a decrease of about 14.9%, reflecting a gradual divestment strategy while still retaining a significant stake in the company.
- Impact of 10b5-1 Plan: Both transactions were executed under a pre-arranged 10b5-1 plan adopted on December 3, 2025, indicating that these trades were scheduled in advance rather than in response to market news, which mitigates negative interpretations of the sell-off.
- Company Performance Recovery: Delek reported an adjusted net income of $143 million in its latest earnings report, a significant turnaround from last year's loss, showcasing strong performance in refining and logistics, which supported a 184% increase in stock price over the past year.
See More
Delek Logistics to Announce Q1 2026 Results
- Earnings Announcement Timing: Delek Logistics plans to release its Q1 2026 results before the U.S. stock market opens on April 29, 2026, indicating the company's commitment to timely financial disclosure and transparency for investors.
- Conference Call Schedule: The company will hold a conference call at 11:30 a.m. CT (12:30 p.m. ET) on April 29, 2026, aimed at enhancing investor confidence through direct communication regarding its financial performance and future outlook.
- Online Broadcast and Replay: The conference call will be available for live streaming on the company's website, with a replay accessible for 90 days, ensuring that investors who cannot attend live can still access critical information, thereby improving information accessibility.
- Company Background Information: Delek Logistics is a midstream energy master limited partnership headquartered in Brentwood, Tennessee, primarily providing pipeline transportation and other services in the Permian Basin and other selected areas, highlighting its significant role in the energy sector.
See More
Goldman Sachs Upgrades Par Pacific and Delek Ratings
- Rating Upgrade: Goldman Sachs upgraded Par Pacific (PARR) from Neutral to Buy with a price target of $77, driven by strong earnings expectations in Hawaii and undervalued mainland refiners, indicating robust fundamentals and positive estimate revisions.
- Market Outlook: Analysts highlighted that tighter refining supply-demand fundamentals and the scarcity of refined products should enhance earnings power for U.S. refiners, suggesting a constructive outlook for small-to-midcap refiners.
- Delek US Performance: Delek US Holdings (DK) was also upgraded to Buy with a target price of $55, based on forecasts for stronger free cash flow generation supported by self-help initiatives, including cost-reduction efforts and improved marketing strategies.
- CVR Energy and PBF Energy: Goldman maintained a Sell rating on CVR Energy (CVI) due to a focus on debt paydown, while keeping a Neutral rating on PBF Energy (PBF) as they await full recovery from the 2025 fire at the Martinez refinery.
See More
Wall Street's Latest Rating Changes Analysis
- MSG Sports Upgrade: Seaport upgraded Madison Square Garden Sports from neutral to buy, citing a significant 57.5% trading discount versus intrinsic value, suggesting a potential appreciation ahead of the 2025-26 season, particularly with plans to spin off the Knicks and Rangers into standalone entities.
- ServiceNow Downgrade: UBS downgraded ServiceNow from buy to neutral due to weakened confidence in the software sector, projecting a decline in 2026 free cash flow to 15x, reflecting increased budget pressures on non-AI applications that could impact future performance.
- Shake Shack Sales Growth: Mizuho upgraded Shake Shack from neutral to outperform, anticipating upside in same-store sales for Q1, driven by strong demand and improved restaurant-level margins, indicating robust market momentum and growth potential.
- Nvidia Strong Performance: Raymond James reiterated a strong buy rating on Nvidia, based on favorable trends in its Asia supply chain, with suppliers receiving increased forecasts during the quarter, reinforcing Nvidia's position as a market leader.
See More
Delek US Holdings Board Member Sells Shares
- Transaction Overview: On March 27, 2026, Delek US Holdings board member William Finnerty sold 5,000 shares in an open-market transaction valued at $237,500, reducing his direct holdings to 36,369 shares worth approximately $1.7 million post-transaction.
- Impact on Holdings: This sale represented 12.09% of Finnerty's direct ownership, decreasing his stake from 41,369 to 36,369 shares, indicating he still retains significant confidence in the company despite the reduction.
- Trading Plan Context: The transaction was executed under a Rule 10b5-1 plan, suggesting a pre-scheduled, systematic approach rather than opportunistic trading based on insider information, which alleviates concerns regarding the motivations behind the sale.
- Market Performance Analysis: On the day of Finnerty's trade, Delek US Holdings shares reached a 52-week high of $48.32, reflecting improved company performance and geopolitical factors affecting oil supply, although the current high price suggests caution for potential investors considering buying at this level.
See More
William Finnerty Sells Delek US Shares Amid Market Highs
- Share Sale Details: Director William Finnerty sold 5,000 shares of Delek US Holdings on March 27, 2026, for approximately $238,000, representing 12.09% of his direct holdings, reducing his position from 41,369 to 36,369 shares.
- Transaction Context: This sale was executed under a Rule 10b5-1 trading plan, indicating it was not based on insider information, and Finnerty retained over 36,000 shares post-sale, reflecting confidence in his remaining holdings.
- Market Performance Impact: On the day of Finnerty's trade, Delek's stock reached a 52-week high of $48.32, driven by strong company performance and crude oil supply issues in the Persian Gulf, suggesting positive market sentiment towards its future.
- Financial Improvement: Delek reported a net income of $78.3 million in Q4 2025, a significant recovery from a net loss of $413.8 million in 2024, and organizational changes are expected to generate at least $40 million in incremental free cash flow, boosting investor confidence.
See More
Delek US Holdings Executive Sells 140,006 Shares
- Share Reduction Overview: Ezra Uzi Yemin, Director of Delek US Holdings, sold 140,006 shares in March 2026 through two rounds of open-market transactions, generating approximately $6.1 million, indicating a cautious outlook on the company's future.
- Ownership Change: This transaction reduced Yemin's total holdings from 938,076 shares to 798,070 shares, a decrease of about 14.9%, reflecting a gradual divestment strategy while still retaining a significant stake in the company.
- Impact of 10b5-1 Plan: Both transactions were executed under a pre-arranged 10b5-1 plan adopted on December 3, 2025, indicating that these trades were scheduled in advance rather than in response to market news, which mitigates negative interpretations of the sell-off.
- Company Performance Recovery: Delek reported an adjusted net income of $143 million in its latest earnings report, a significant turnaround from last year's loss, showcasing strong performance in refining and logistics, which supported a 184% increase in stock price over the past year.
See More
