Alon USA Partners LP (NYSE:ALDW)‘s stock had its “underweight” rating restated by investment analysts at Barclays PLC in a research report issued to clients and investors on Monday. They currently have a $8.00 price objective on the stock, down from their prior price objective of $9.00. Barclays PLC’s price target would suggest a potential downside of 5.10% from the stock’s current price.
A number of other brokerages have also issued reports on ALDW. Zacks Investment Research upgraded shares of Alon USA Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, October 4th. Citigroup Inc. upped their target price on shares of 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 upgraded shares of Alon USA Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, August 31st. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $14.38.
Alon USA Partners (NYSE:ALDW) opened at 8.43 on Monday. The company’s 50 day moving average price is $9.84 and its 200-day moving average price is $10.02. The stock has a market cap of $527.04 million, a price-to-earnings ratio of 9.83 and a beta of 0.98. 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 issued its quarterly earnings data on Thursday, July 28th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates 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 firm earned $468.46 million during the quarter, compared to analyst estimates of $417.45 million. During the same quarter in the prior year, the firm earned $0.95 EPS. The business’s quarterly revenue was down 25.1% compared to the same quarter last year. On average, analysts forecast that Alon USA Partners will post ($0.12) EPS for the current year.
Large investors have recently made changes to their positions in the stock. A.R.T. Advisors LLC increased its stake in shares of Alon USA Partners by 12.9% in the second quarter. A.R.T. Advisors LLC now owns 60,512 shares of the company’s stock worth $610,000 after buying an additional 6,900 shares in the last quarter. Clinton Group Inc. acquired a new stake in shares of Alon USA Partners during the second quarter worth $171,000. First Trust Advisors LP increased its stake in shares of Alon USA Partners by 178.8% in the second quarter. First Trust Advisors LP now owns 2,492,266 shares of the company’s stock worth $25,147,000 after buying an additional 1,598,296 shares in the last quarter. Commonwealth Equity Services Inc increased its stake in shares of Alon USA Partners by 19.4% in the second quarter. Commonwealth Equity Services Inc now owns 13,117 shares of the company’s stock worth $132,000 after buying an additional 2,134 shares in the last quarter. Finally, Arrow Investment Advisors LLC increased its stake in shares of Alon USA Partners by 87.6% in the second quarter. Arrow Investment Advisors LLC now owns 49,270 shares of the company’s stock worth $497,000 after buying an additional 23,002 shares in the last quarter. 5.93% of the stock is owned by institutional investors and hedge funds.
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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