Alon USA Energy Inc. (NYSE:ALJ) was upgraded by equities research analysts at Credit Suisse Group AG from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday.

Other equities analysts also recently issued research reports about the company. Barclays PLC reiterated an “equal weight” rating and set a $10.00 price target (up previously from $8.00) on shares of Alon USA Energy in a research note on Monday. Zacks Investment Research downgraded Alon USA Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, July 12th. Wells Fargo & Co. restated a “hold” rating on shares of Alon USA Energy in a research note on Sunday, July 10th. Finally, Piper Jaffray Cos. boosted their target price on Alon USA Energy from $4.00 to $5.00 and gave the stock an “underweight” rating in a research note on Monday, August 22nd. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $9.44.

Analyst Recommendations for Alon USA Energy (NYSE:ALJ)

Shares of Alon USA Energy (NYSE:ALJ) opened at 8.74 on Tuesday. The company’s 50-day moving average price is $8.13 and its 200 day moving average price is $8.10. The company’s market cap is $620.37 million. Alon USA Energy has a 12-month low of $5.86 and a 12-month high of $18.27.

Alon USA Energy (NYSE:ALJ) last released its quarterly earnings results on Thursday, July 28th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by $0.02. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $883.85 million. Alon USA Energy had a negative net margin of 1.75% and a negative return on equity of 2.29%. Alon USA Energy’s revenue for the quarter was down 22.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 EPS. Equities analysts predict that Alon USA Energy will post ($1.08) earnings per share for the current year.

In related news, VP Michael Oster sold 18,500 shares of Alon USA Energy stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $7.33, for a total value of $135,605.00. Following the sale, the vice president now owns 47,553 shares of the company’s stock, valued at approximately $348,563.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David Wiessman sold 105,000 shares of Alon USA Energy stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $7.33, for a total transaction of $769,650.00. Following the completion of the sale, the insider now directly owns 2,580,541 shares in the company, valued at approximately $18,915,365.53. The disclosure for this sale can be found here. 8.80% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Prudential Financial Inc. boosted its stake in shares of Alon USA Energy by 18.1% in the first quarter. Prudential Financial Inc. now owns 480,431 shares of the company’s stock worth $4,958,000 after buying an additional 73,648 shares during the last quarter. Menta Capital LLC boosted its stake in shares of Alon USA Energy by 2.4% in the first quarter. Menta Capital LLC now owns 222,121 shares of the company’s stock worth $2,292,000 after buying an additional 5,187 shares during the last quarter. UBS Group AG boosted its stake in shares of Alon USA Energy by 67.8% in the first quarter. UBS Group AG now owns 587,220 shares of the company’s stock worth $6,060,000 after buying an additional 237,365 shares during the last quarter. Hancock Holding Co. boosted its stake in shares of Alon USA Energy by 1.7% in the first quarter. Hancock Holding Co. now owns 599,465 shares of the company’s stock worth $6,186,000 after buying an additional 9,760 shares during the last quarter. Finally, Mount Lucas Management LP boosted its stake in shares of Alon USA Energy by 11.9% in the first quarter. Mount Lucas Management LP now owns 69,447 shares of the company’s stock worth $717,000 after buying an additional 7,409 shares during the last quarter. 50.46% of the stock is currently owned by institutional investors.

About Alon USA Energy

Alon USA Energy, Inc is an independent refiner and marketer of petroleum products, operating primarily in the South Central, Southwestern and Western regions of the United States. The Company operates through three segments: refining and marketing, asphalt and retail. Its refineries produce petroleum products, including various grades of gasoline, diesel fuel, jet fuel, petrochemicals, petrochemical feedstocks, asphalt and other petroleum-based products.

5 Day Chart for NYSE:ALJ

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