Alon USA Partners LP (ALDW) Given Underweight Rating at Barclays PLC
Barclays PLC reaffirmed their underweight rating on shares of Alon USA Partners LP (NYSE:ALDW) in a report released on Monday morning. The brokerage currently has a $8.00 target price on the stock, down from their previous target price of $9.00.
Other equities research analysts also recently issued reports about the stock. TheStreet upgraded shares of Alon USA Partners from a sell rating to a hold rating in a research report on Wednesday, August 31st. Zacks Investment Research upgraded shares of Alon USA Partners from a sell rating to a hold rating in a research report on Tuesday, October 4th. Finally, Citigroup Inc. lifted their price target on shares of Alon USA Partners from $10.80 to $11.50 and gave the company a neutral rating in a research report on Wednesday, September 14th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Alon USA Partners currently has a consensus rating of Hold and an average price target of $14.38.
Alon USA Partners (NYSE:ALDW) traded up 1.334% on Monday, reaching $8.735. The company’s stock had a trading volume of 2,240 shares. Alon USA Partners has a 12 month low of $8.07 and a 12 month high of $26.67. The firm’s 50 day moving average is $9.89 and its 200-day moving average is $10.04. The firm has a market cap of $546.11 million, a P/E ratio of 10.181 and a beta of 0.98.
Alon USA Partners (NYSE:ALDW) last issued its quarterly earnings data 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. The company had revenue of $468.46 million for the quarter, compared to analyst estimates of $417.45 million. Alon USA Partners had a return on equity of 38.88% and a net margin of 2.94%. The company’s revenue was down 25.1% on a year-over-year basis. During the same quarter last year, the business earned $0.95 earnings per share. On average, equities research analysts anticipate that Alon USA Partners will post ($0.12) EPS for the current year.
Several hedge funds have recently bought and sold shares of ALDW. Commonwealth Equity Services Inc boosted its stake 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 worth $132,000 after buying an additional 2,134 shares during the last quarter. Sigma Planning Corp boosted 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 during the last quarter. Clinton Group Inc. bought a new stake in Alon USA Partners during the second quarter worth $171,000. Creative Planning boosted 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 during the last quarter. Finally, WealthTrust Axiom LLC boosted 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 during 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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