Alon USA Partners (ALDW) Downgraded by ValuEngine
Alon USA Partners (NYSE:ALDW) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Friday.
Several other equities research analysts have also commented on ALDW. BidaskClub upgraded Alon USA Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Macquarie upgraded Alon USA Partners from a “neutral” rating to an “outperform” rating in a research note on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $12.25.
Shares of Alon USA Partners (NYSE ALDW) traded down $0.37 on Friday, reaching $15.83. 287,568 shares of the company’s stock were exchanged, compared to its average volume of 117,656. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.76 and a current ratio of 0.97. The stock has a market cap of $1,010.00, a price-to-earnings ratio of 13.78 and a beta of 1.04. Alon USA Partners has a 1-year low of $8.65 and a 1-year high of $16.38.
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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.
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