Alon USA Energy Stock Rating Reaffirmed by Cowen and Company (ALJ)
Alon USA Energy (NYSE:ALJ)‘s stock had its “hold” rating reaffirmed by equities research analysts at Cowen and Company in a research note issued to investors on Wednesday, StockRatingsNetwork.com reports. They currently have a $11.00 price objective on the stock, down from their previous price objective of $15.00. Cowen and Company’s price target suggests a potential upside of 21.55% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley cut their price target on shares of Alon USA Energy from $18.00 to $13.00 in a research note to investors on Tuesday, October 1st. Separately, analysts at TheStreet downgraded shares of Alon USA Energy to a “hold” rating in a research note to investors on Thursday, September 19th. Finally, analysts at Simmons downgraded shares of Alon USA Energy from a “neutral” rating to an “underweight” rating in a research note to investors on Monday, September 9th. Five research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The company currently has a consensus rating of “Sell” and an average target price of $13.83.
Shares of Alon USA Energy (NYSE:ALJ) opened at 9.05 on Wednesday. Alon USA Energy has a 52-week low of $9.02 and a 52-week high of $21.24. The stock’s 50-day moving average is $11.23 and its 200-day moving average is $14.57. The company has a market cap of $565.2 million and a P/E ratio of 4.46.
Alon USA Energy (NYSE:ALJ) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.63 earnings per share. The company’s quarterly revenue was down 12.2% on a year-over-year basis. Analysts expect that Alon USA Energy will post $0.63 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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