Citigroup Lowers Alon USA Partners (ALDW) to Neutral
Citigroup downgraded shares of Alon USA Partners (NYSE:ALDW) from a buy rating to a neutral rating in a research report sent to investors on Monday, Marketbeat reports.
Other equities research analysts also recently issued reports about the stock. Macquarie upgraded shares of Alon USA Partners from a neutral rating to an outperform rating in a report on Monday, October 23rd. ValuEngine upgraded shares of Alon USA Partners from a sell rating to a hold rating in a report on Monday, September 18th. Finally, BidaskClub upgraded shares of Alon USA Partners from a hold rating to a buy rating in a report on Saturday, November 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. Alon USA Partners has a consensus rating of Hold and a consensus price target of $12.25.
Shares of Alon USA Partners (NYSE:ALDW) opened at $18.17 on Monday. Alon USA Partners has a twelve month low of $8.65 and a twelve month high of $18.54. The stock has a market cap of $1,140.00, a P/E ratio of 15.80 and a beta of 1.18. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.97 and a quick ratio of 0.76.
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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