Alon USA Partners Upgraded by Credit Suisse to Outperform (ALDW)
Alon USA Partners (NASDAQ:ALDW) was upgraded by research analysts at Credit Suisse from a “neutral” rating to an “outperform” rating in a report released on Monday, TheFlyOnTheWall.com reports.
Alon USA Partners (NASDAQ:ALDW) opened at 19.04 on Monday. Alon USA Partners has a 52-week low of $10.25 and a 52-week high of $20.42. The stock’s 50-day moving average is $17.85 and its 200-day moving average is $16.9. The company has a market cap of $1.190 billion and a price-to-earnings ratio of 25.09.
Alon USA Partners (NASDAQ:ALDW) last announced its earnings results on Wednesday, August 6th. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.03 by $0.09. The company had revenue of $725.85 million for the quarter, compared to the consensus estimate of $582.34 million. The company’s quarterly revenue was down 16.2% on a year-over-year basis. On average, analysts predict that Alon USA Partners will post $2.18 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, August 25th. Stockholders of record on Monday, August 18th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Thursday, August 14th.
Separately, analysts at Citigroup Inc. downgraded shares of Alon USA Partners from a “buy” rating to a “neutral” rating in a research note on Friday, July 11th.
Alon USA Partners, LP (NASDAQ:ALDW) owns and operates refining and petroleum products marketing business.
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