Barclays Capital Lowers Alon USA Energy Price Target to $15.00 (ALJ)
Equities research analysts at Barclays Capital cut their price objective on shares of Alon USA Energy (NYSE:ALJ) from $18.00 to $15.00 in a research note issued to investors on Tuesday, Analyst RN reports. The firm currently has an “underweight” rating on the stock. Barclays Capital’s price target indicates a potential upside of 65.75% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Macquarie cut their price target on shares of Alon USA Energy from $9.00 to $8.00 in a research note to investors on Thursday, October 3rd. They now have an “underperform” rating on the stock. Separately, analysts at Cowen and Company cut their price target on shares of Alon USA Energy from $15.00 to $11.00 in a research note to investors on Wednesday, October 2nd. They now have a “market perform” rating on the stock. Finally, 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. Five analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Alon USA Energy currently has a consensus rating of “Sell” and an average price target of $13.83.
Shares of Alon USA Energy (NYSE:ALJ) traded down 6.31% during mid-day trading on Tuesday, hitting $9.05. 1,501,536 shares of the company’s stock traded hands. Alon USA Energy has a 52-week low of $9.02 and a 52-week high of $21.24. The stock has a 50-day moving average of $11.23 and a 200-day moving average of $14.57. The company has a market cap of $565.2 million and a price-to-earnings ratio of 4.76.
Alon USA Energy (NYSE:ALJ) last released its earnings data on Tuesday, August 6th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the 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 $0.63 earnings per share 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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