Alon USA Energy Inc. Sets New 1-Year Low at $10.84 (ALJ)
Alon USA Energy (NYSE:ALJ) reached a new 52-week low on Thursday, Analyst Ratings Network reports. The company traded as low as $10.84 and last traded at $10.99, with a volume of 1,564,704 shares trading hands. The stock had previously closed at $11.07.
A number of research firms have recently commented on ALJ. Analysts at Simmons downgraded shares of Alon USA Energy (NYSE:ALJ) from a “neutral” rating to an “underweight” rating in a research note to investors on Monday. Separately, analysts at Macquarie cut their price target on shares of Alon USA Energy (NYSE:ALJ) from $11.00 to $10.00 in a research note to investors on Tuesday, September 3rd. They now have an “underperform” rating on the stock. Finally, analysts at Barclays Capital cut their price target on shares of Alon USA Energy (NYSE:ALJ) from $23.00 to $18.00 in a research note to investors on Friday, August 9th.
Four analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Alon USA Energy has an average rating of “Hold” and an average price target of $16.20.
Alon USA Energy has a 1-year low of $10.87 and a 1-year high of $21.24. The stock has a 50-day moving average of $12.48 and a 200-day moving average of $15.8. The company has a market cap of $681.3 million and a price-to-earnings ratio of 5.46.
Alon USA Energy (NYSE:ALJ) last announced its earnings results on Tuesday, August 6th. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.26 by $0.01. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was down 12.2% on a year-over-year basis. On average, analysts predict that Alon USA Energy will post $1.07 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, September 19th. Investors of record on Thursday, September 5th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Tuesday, September 3rd.
Alon USA Energy, Inc is an independent refiner and marketer of petroleum products operating primarily in the South Central, Southwestern and Western regions of the United States.
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