Alon USA Partners, LP (ALDW) Reaches New 12-Month High at $12.76
Alon USA Partners, LP (NYSE:ALDW)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $12.76 and last traded at $12.82, with a volume of 262,125 shares traded. The stock had previously closed at $12.16.
Several equities analysts have recently commented on the stock. Citigroup Inc. reaffirmed a “buy” rating and set a $13.00 price target on shares of Alon USA Partners, in a research report on Wednesday, August 2nd. BidaskClub raised shares of Alon USA Partners, from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Macquarie raised shares of Alon USA Partners, from a “neutral” rating to an “outperform” rating in a research report on Monday, October 23rd. TheStreet raised shares of Alon USA Partners, from a “c” rating to a “b-” rating in a research report on Friday, July 28th. Finally, ValuEngine raised shares of Alon USA Partners, from a “sell” rating to a “hold” rating in a research report on Monday, September 18th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $12.25.
The stock has a 50-day moving average price of $11.56 and a 200 day moving average price of $10.91. The firm has a market cap of $803.50 million, a PE ratio of 17.95 and a beta of 1.04.
Alon USA Partners, (NYSE:ALDW) last issued 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). Alon USA Partners, had a net margin of 2.20% and a return on equity of 40.06%. The business had revenue of $521.75 million for the quarter, compared to analyst estimates of $436.80 million. During the same quarter last year, the firm posted $0.02 earnings per share. Equities analysts expect that Alon USA Partners, LP will post $1.75 EPS for the current fiscal year.
In other Alon USA Partners, news, VP Shai Even sold 7,200 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $11.61, for a total value of $83,592.00. Following the transaction, the vice president now directly owns 4,263 shares in the company, valued at $49,493.43. The transaction was disclosed in a document filed with the SEC, which is available through this link.
A number of large investors have recently added to or reduced their stakes in ALDW. Acrospire Investment Management LLC boosted its position in Alon USA Partners, by 683.7% in the second quarter. Acrospire Investment Management LLC now owns 9,514 shares of the oil and gas company’s stock valued at $100,000 after buying an additional 8,300 shares in the last quarter. Virtu KCG Holdings LLC acquired a new position in Alon USA Partners, in the second quarter valued at about $148,000. Russell Investments Group Ltd. acquired a new position in Alon USA Partners, in the second quarter valued at about $173,000. Arrowstreet Capital Limited Partnership acquired a new position in Alon USA Partners, in the second quarter valued at about $493,000. Finally, Acadian Asset Management LLC acquired a new position in Alon USA Partners, in the second quarter valued at about $544,000. Hedge funds and other institutional investors own 5.35% of the company’s stock.
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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