Barclays PLC reiterated their underweight rating on shares of Alon USA Partners LP (NYSE:ALDW) in a research report report published on Monday. They currently have a $8.00 price target on the stock, down from their previous price target of $9.00.
ALDW has been the topic of several other research reports. Zacks Investment Research raised Alon USA Partners from a sell rating to a hold rating in a research note on Wednesday, July 6th. Citigroup Inc. upped their price target on Alon USA Partners from $10.80 to $11.50 and gave the company a neutral rating in a research note on Wednesday, September 14th. Finally, TheStreet raised Alon USA Partners from a sell rating to a hold rating in a research note on Wednesday, August 31st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $10.50.
Alon USA Partners (NYSE:ALDW) opened at 8.49 on Monday. The firm has a 50-day moving average price of $9.75 and a 200 day moving average price of $10.00. The stock has a market cap of $530.79 million, a price-to-earnings ratio of 9.90 and a beta of 0.97. Alon USA Partners has a 1-year low of $8.07 and a 1-year high of $26.67.
Alon USA Partners (NYSE:ALDW) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by $0.07. Alon USA Partners had a net margin of 2.94% and a return on equity of 38.88%. The business earned $468.46 million during the quarter, compared to analyst estimates of $417.45 million. During the same period last year, the company earned $0.95 EPS. The business’s revenue for the quarter was down 25.1% on a year-over-year basis. On average, equities research analysts anticipate that Alon USA Partners will post ($0.12) EPS for the current fiscal year.
A number of institutional investors have recently bought and sold shares of the company. Commonwealth Equity Services Inc raised its position in Alon USA Partners by 19.4% in the second quarter. Commonwealth Equity Services Inc now owns 13,117 shares of the company’s stock valued at $132,000 after buying an additional 2,134 shares during the last quarter. Sigma Planning Corp raised its stake in Alon USA Partners by 14.1% in the second quarter. Sigma Planning Corp now owns 15,587 shares of the company’s stock worth $157,000 after buying an additional 1,925 shares in the last quarter. Clinton Group Inc. bought a new stake in Alon USA Partners during the second quarter worth about $171,000. Creative Planning raised its stake in Alon USA Partners by 27.0% in the second quarter. Creative Planning now owns 17,700 shares of the company’s stock worth $179,000 after buying an additional 3,765 shares in the last quarter. Finally, WealthTrust Axiom LLC raised its stake in Alon USA Partners by 88.9% in the second quarter. WealthTrust Axiom LLC now owns 34,000 shares of the company’s stock worth $343,000 after buying an additional 16,000 shares in the last quarter. 5.93% of the stock is currently owned by hedge funds and other institutional investors.
Alon USA Partners Company Profile
Alon USA Partners, LP (Alon) is engaged principally in the business of operating a crude oil refinery in Big Spring, Texas, with a crude oil throughput capacity of approximately 73,000 barrels per day, which the Company refers to as its Big Spring refinery. The Company refines crude oil into finished products, which the Company markets primarily in Central and West Texas, Oklahoma, New Mexico and Arizona through its integrated wholesale distribution network to retail convenience stores and other third-party distributors.
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