Alon USA Partners, LP (ALDW) Receives $10.70 Average Price Target from Analysts
Shares of Alon USA Partners, LP (NYSE:ALDW) have been assigned a consensus recommendation of “Buy” from the six analysts that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $10.70.
A number of research firms recently issued reports on ALDW. Stifel Nicolaus upgraded Alon USA Partners, from a “market perform” rating to an “outperform” rating and set a $12.00 price objective for the company in a report on Friday, April 21st. Citigroup Inc. reiterated a “buy” rating and issued a $12.00 target price (down from $13.50) on shares of Alon USA Partners, in a report on Saturday, April 22nd. Finally, Credit Suisse Group upgraded Alon USA Partners, from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $11.00 to $12.00 in a report on Friday, April 21st.
Large investors have recently modified their holdings of the company. A.R.T. Advisors LLC bought a new stake in shares of Alon USA Partners, during the fourth quarter worth $152,000. Nine Chapters Capital Management LLC purchased a new position in shares of Alon USA Partners, during the first quarter worth $321,000. GSA Capital Partners LLP raised its position in shares of Alon USA Partners, by 572.5% in the fourth quarter. GSA Capital Partners LLP now owns 106,287 shares of the oil and gas company’s stock worth $1,020,000 after buying an additional 90,482 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Alon USA Partners, by 572.8% in the fourth quarter. Renaissance Technologies LLC now owns 129,183 shares of the oil and gas company’s stock worth $1,240,000 after buying an additional 109,983 shares in the last quarter. Finally, Western Standard LLC purchased a new position in shares of Alon USA Partners, during the fourth quarter worth $1,781,000. Hedge funds and other institutional investors own 6.74% of the company’s stock.
Alon USA Partners, (NYSE:ALDW) traded down 2.04% on Tuesday, reaching $10.59. 43,578 shares of the company’s stock traded hands. The firm’s 50-day moving average is $10.59 and its 200 day moving average is $9.91. The firm has a market cap of $662.09 million, a PE ratio of 27.29 and a beta of 1.03. Alon USA Partners, has a 12 month low of $7.63 and a 12 month high of $12.44.
Alon USA Partners, (NYSE:ALDW) last posted its quarterly earnings data on Monday, May 8th. The oil and gas company reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.22. Alon USA Partners, had a return on equity of 21.53% and a net margin of 1.22%. The company had revenue of $544.50 million during the quarter, compared to analysts’ expectations of $427.82 million. During the same quarter in the previous year, the business earned ($0.14) EPS. Alon USA Partners,’s revenue was up 48.0% compared to the same quarter last year. Equities analysts predict that Alon USA Partners, will post $1.18 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 30th. Investors of record on Monday, May 22nd were paid a dividend of $0.38 per share. This is a boost from Alon USA Partners,’s previous quarterly dividend of $0.11. This represents a $1.52 dividend on an annualized basis and a dividend yield of 14.35%. The ex-dividend date of this dividend was Thursday, May 18th. Alon USA Partners,’s dividend payout ratio is 400.01%.
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. The Company had a crude oil throughput capacity of 73,000 barrels per day, which the Company referred to as its Big Spring refinery, as of December 31, 2016. 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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