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Macquarie decreased their price objective on shares of Alon USA Energy (NYSE:ALJ) from $20.00 to $19.00 in a research note issued on Monday, reports. Macquarie’s target price would suggest a potential upside of 28.90% from the company’s current price.

ALJ has been the subject of a number of other recent research reports. Analysts at TheStreet downgraded shares of Alon USA Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, April 2nd. Analysts at Credit Suisse upgraded shares of Alon USA Energy from a “neutral” rating to an “outperform” rating in a research note on Monday, March 10th. They now have a $19.00 price target on the stock, up previously from $16.00. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $15.71.

Alon USA Energy (NYSE:ALJ) traded down 2.78% on Monday, hitting $14.33. The stock had a trading volume of 280,929 shares. Alon USA Energy has a 52 week low of $8.55 and a 52 week high of $19.05. The stock’s 50-day moving average is $14. and its 200-day moving average is $13.61. The company has a market cap of $977.2 million and a P/E ratio of 46.06.

Alon USA Energy (NYSE:ALJ) last released its earnings data on Thursday, March 6th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.03. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the previous year, the company posted $0.58 earnings per share. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. 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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