Delek Group Announces Bond Issuance with Stable Outlook

Delek Group ( (IL:DLEKG) ) has provided an announcement.

Delek Group’s bond issuance, rated A3.il with a stable outlook by Midroog, highlights the company’s strategy to maintain financial flexibility and increase cash flow from its operations. With a focus on strategic growth, Delek Group aims to improve its debt to EBITDA ratio and leverage ENI’s acquisition in Ithaca for additional financial support. The group’s financial performance shows a steady rise in operating income, although net income has decreased compared to the previous year. Overall, Delek Group is positioned to meet its financial commitments while continuing to generate value for its stakeholders.

More about Delek Group

Delek Group operates in the energy sector, focusing on oil and gas exploration and production. It holds a significant stake in Ithaca Energy Plc and is involved in strategic agreements for asset development within the industry.

YTD Price Performance: 14.87%

Average Trading Volume: 1

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $2.83B

For a thorough assessment of DLEKG stock, go to TipRanks’ Stock Analysis page.