Alon USA Partners, LP (ALDW) Rating Reiterated by Tudor Pickering
Alon USA Partners, LP (NYSE:ALDW)‘s stock had its “hold” rating reissued by equities research analysts at Tudor Pickering in a research report issued on Thursday, July 13th.
Several other analysts have also recently commented on the stock. Stifel Nicolaus upgraded shares of Alon USA Partners, from a “market perform” rating to an “outperform” rating and set a $12.00 price target for the company in a report on Friday, April 21st. Citigroup Inc. restated a “buy” rating and set a $12.00 price target (down from $13.50) on shares of Alon USA Partners, in a report on Saturday, April 22nd. Credit Suisse Group upgraded shares of Alon USA Partners, from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $11.00 to $12.00 in a report on Friday, April 21st. Finally, Barclays PLC restated an “equal weight” rating and set a $12.00 price target on shares of Alon USA Partners, in a report on Wednesday, July 5th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Alon USA Partners, presently has an average rating of “Buy” and a consensus price target of $11.70.
Shares of Alon USA Partners, (ALDW) opened at 12.13 on Thursday. The stock has a market capitalization of $758.46 million, a price-to-earnings ratio of 16.94 and a beta of 1.06. Alon USA Partners, has a 1-year low of $7.63 and a 1-year high of $12.49. The stock’s 50 day moving average is $10.98 and its 200 day moving average is $10.21.
Alon USA Partners, (NYSE:ALDW) last released its earnings results on Thursday, July 27th. The oil and gas company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.42 by $0.07. The firm had revenue of $521.75 million during the quarter, compared to analysts’ expectations of $436.80 million. Alon USA Partners, had a return on equity of 40.06% and a net margin of 2.20%. During the same period last year, the business earned $0.02 earnings per share. On average, equities analysts forecast that Alon USA Partners, will post $0.95 EPS for the current year.
Hedge funds have recently bought and sold shares of the stock. Morgan Stanley boosted its stake in Alon USA Partners, by 239.3% in the first quarter. Morgan Stanley now owns 1,116,396 shares of the oil and gas company’s stock worth $10,226,000 after buying an additional 787,330 shares during the period. FMR LLC purchased a new position in Alon USA Partners, during the fourth quarter worth approximately $4,239,000. HITE Hedge Asset Management LLC purchased a new position in Alon USA Partners, during the first quarter worth approximately $2,523,000. Renaissance Technologies LLC raised its position in 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, Acadian Asset Management LLC purchased a new position in Alon USA Partners, during the second quarter worth approximately $544,000. Hedge funds and other institutional investors own 6.76% of the company’s stock.
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. 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.
Receive News & Stock Ratings for Alon USA Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alon USA Partners LP and related stocks with our FREE daily email newsletter.