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.

Several large investors have recently bought and sold shares of the company. Acrospire Investment Management LLC increased its stake in shares of Alon USA Partners by 683.7% in the 2nd quarter. Acrospire Investment Management LLC now owns 9,514 shares of the oil and gas company’s stock worth $100,000 after purchasing an additional 8,300 shares in the last quarter. Virtu KCG Holdings LLC purchased a new stake in shares of Alon USA Partners in the 2nd quarter worth $148,000. Russell Investments Group Ltd. purchased a new stake in shares of Alon USA Partners in the 2nd quarter worth $173,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Alon USA Partners in the 2nd quarter worth $493,000. Finally, Acadian Asset Management LLC bought a new position in Alon USA Partners in the 2nd quarter worth $544,000. Hedge funds and other institutional investors own 5.23% of the company’s stock.

TRADEMARK VIOLATION WARNING: This story was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this story on another site, it was stolen and reposted in violation of United States and international trademark & copyright law. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/12/01/alon-usa-partners-aldw-downgraded-by-valuengine.html.

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.

Analyst Recommendations for Alon USA Partners (NYSE:ALDW)

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.