Why These Energy Stocks are Losing This Week

2. Delek US Holdings, Inc. (NYSE:DK)

Share Price Decline Between Jan. 9 – Jan. 16: 9.6%

Delek US Holdings, Inc. (NYSE:DK) is a diversified downstream energy company specializing in petroleum refining, asphalt, renewable fuels, and logistics.

On January 16, Scotiabank reduced its price target on Delek US Holdings, Inc. (NYSE:DK) from $40 to $34, but kept its ‘Sector Perform’ rating on the shares. The revision comes as the firm updates its price targets for the US Integrated Oil, Refining, and Large Cap Exploration & Production stocks under its coverage. The analyst expects earnings for the quarter to be straightforward, as there were no major weather disruptions this winter.

Similarly, earlier on January 8, Piper Sandler also lowered its price target on Delek US Holdings, Inc. (NYSE:DK) from $47 to $40, but maintained a ‘Neutral’ rating on the shares. The analyst believes that the bearish crude outlook will make it hard for the sector to outperform the wider market as we head into 2026. On the other hand, Piper expects the refining sector to perform even better than in 2025, primarily due to incrementally tighter S/D and crude-differential tailwinds.