Alon USA Energy Inc. Reaches New 12-Month Low at $10.14 (ALJ)
Alon USA Energy (NYSE:ALJ) set a new 52-week low during trading on Monday, American Banking & Market News reports. The stock traded as low as $10.14 and last traded at $10.26, with a volume of 274,709 shares. The stock had previously closed at $10.43.
A number of analysts have recently weighed in on ALJ shares. Analysts at TheStreet downgraded shares of Alon USA Energy (NYSE:ALJ) to a “hold” rating in a research note to investors on Thursday, September 19th. Separately, 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, September 9th. Finally, 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. Four analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Sell” and an average price target of $16.00.
Alon USA Energy has a 52 week low of $10.30 and a 52 week high of $21.24. The stock has a 50-day moving average of $11.60 and a 200-day moving average of $15.09. The company has a market cap of $637.6 million and a P/E ratio of 5.14.
Alon USA Energy (NYSE:ALJ) last posted its quarterly 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 last year, the company posted $0.63 earnings per share. Alon USA Energy’s revenue was down 12.2% compared to the same quarter last year. Analysts expect that Alon USA Energy will post $0.79 EPS for the current fiscal year.
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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