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Increased Earnings Estimates Seen for Delek US Holdings (DK): Can It Move Higher?

Delek US Holdings, Inc. DK is an Oil Refining and Marketing company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on DK’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Delek US Holdings could be a solid choice for investors.

Current Quarter Estimates for DK

In the past 30 days...