According to Zacks, “Alon USA Partners, LP owns and operates refining and petroleum products marketing business. The Company’s integrated downstream business operates primarily in the South Central and Southwestern regions of the United States. It refines crude oil into finished products, which it market primarily in West Texas, Central Texas, Oklahoma, New Mexico and Arizona. Alon USA Partners, LP is based in Texas. “
Several other equities research analysts also recently issued reports on the company. Citigroup Inc. upped their price target on Alon USA Partners from $10.80 to $11.50 and gave the stock a neutral rating in a report on Wednesday, September 14th. TheStreet raised Alon USA Partners from a sell rating to a hold rating in a research report on Wednesday, August 31st. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Alon USA Partners has an average rating of Hold and a consensus price target of $15.38.
Alon USA Partners (NYSE:ALDW) opened at 8.73 on Tuesday. The company has a market cap of $545.80 million, a PE ratio of 10.17 and a beta of 0.97. The company has a 50 day moving average price of $9.99 and a 200-day moving average price of $10.16. Alon USA Partners has a 12 month low of $8.07 and a 12 month high of $26.67.
Alon USA Partners (NYSE:ALDW) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by $0.07. Alon USA Partners had a return on equity of 38.88% and a net margin of 2.94%. The company had revenue of $468.46 million for the quarter, compared to the consensus estimate of $417.45 million. During the same quarter last year, the company posted $0.95 EPS. The company’s quarterly revenue was down 25.1% compared to the same quarter last year. Equities analysts predict that Alon USA Partners will post ($0.12) earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of ALDW. Rafferty Asset Management LLC boosted its position in shares of Alon USA Partners by 1.0% in the first quarter. Rafferty Asset Management LLC now owns 96,659 shares of the company’s stock worth $1,271,000 after buying an additional 965 shares in the last quarter. A.R.T. Advisors LLC purchased a new position in shares of Alon USA Partners during the first quarter worth approximately $704,000. Creative Planning boosted its position in shares of 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. Keel Point LLC boosted its position in shares of Alon USA Partners by 1.0% in the second quarter. Keel Point LLC now owns 45,741 shares of the company’s stock worth $462,000 after buying an additional 437 shares in the last quarter. Finally, Sigma Planning Corp boosted its position in shares of 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. 5.93% of the stock is currently owned by hedge funds and other institutional investors.
About Alon USA Partners
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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