Equities analysts forecast that Alon USA Energy, Inc. (NYSE:ALJ) will announce ($0.13) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Alon USA Energy’s earnings, with the lowest EPS estimate coming in at ($0.31) and the highest estimate coming in at $0.05. Alon USA Energy posted earnings of ($0.42) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 69%. The business is scheduled to report its next quarterly earnings results before the market opens on Monday, May 8th.

On average, analysts expect that Alon USA Energy will report full year earnings of ($0.21) per share for the current fiscal year, with EPS estimates ranging from ($0.39) to ($0.02). For the next fiscal year, analysts forecast that the business will report earnings of $0.02 per share, with EPS estimates ranging from ($0.32) to $0.35. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that cover Alon USA Energy.

Alon USA Energy (NYSE:ALJ) last announced its quarterly earnings results on Thursday, February 23rd. The oil and gas company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.11. Alon USA Energy had a negative net margin of 3.18% and a negative return on equity of 10.24%. The firm had revenue of $509 million for the quarter, compared to the consensus estimate of $965.02 million. During the same period in the prior year, the firm posted ($0.21) earnings per share. The company’s revenue for the quarter was up 29.2% on a year-over-year basis.

Several brokerages have recently issued reports on ALJ. Zacks Investment Research raised Alon USA Energy from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Tuesday, February 14th. Citigroup Inc decreased their price target on Alon USA Energy from $17.60 to $16.00 and set a “buy” rating on the stock in a report on Monday, March 6th. Finally, Credit Suisse Group AG lowered Alon USA Energy from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $13.00 to $12.00 in a report on Friday, March 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. Alon USA Energy currently has a consensus rating of “Hold” and an average price target of $10.86.

Shares of Alon USA Energy (NYSE:ALJ) traded up 2.74% during midday trading on Tuesday, hitting $11.23. 382,276 shares of the stock were exchanged. Alon USA Energy has a 52-week low of $5.86 and a 52-week high of $13.01. The stock’s market cap is $802.02 million. The firm’s 50 day moving average price is $12.00 and its 200-day moving average price is $10.72.

Institutional investors have recently made changes to their positions in the stock. GLG Partners LP acquired a new position in shares of Alon USA Energy during the fourth quarter valued at approximately $7,669,000. Halcyon Management Partners LP purchased a new position in Alon USA Energy during the fourth quarter worth about $8,373,000. Renaissance Technologies LLC increased its position in Alon USA Energy by 113.1% in the fourth quarter. Renaissance Technologies LLC now owns 486,800 shares of the oil and gas company’s stock worth $5,540,000 after buying an additional 258,400 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Alon USA Energy during the fourth quarter worth about $303,000. Finally, Marshall Wace LLP purchased a new position in Alon USA Energy during the fourth quarter worth about $1,433,000. 46.67% of the stock is currently owned by institutional investors.

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Alon USA Energy Company Profile

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’s segments include refining and marketing, asphalt and retail. Its refineries produce petroleum products, including various grades of gasoline, diesel, jet fuel, petrochemicals, petrochemical feedstocks, asphalt, and other petroleum-based products.

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