Alon USA Energy Upgraded at Zacks (ALJ)
Alon USA Energy (NYSE:ALJ) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a note issued to investors on Monday. The firm currently has a $15.90 price objective on the stock. Zacks‘s target price suggests a potential upside of 2.32% from the stock’s previous close.
Separately, analysts at Simmons upgraded shares of Alon USA Energy from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Alon USA Energy currently has a consensus rating of “Hold” and an average price target of $16.11.
In other Alon USA Energy news, Chairman Jeff D. Morris sold 25,000 shares of the company’s stock on the open market in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $14.65, for a total transaction of $366,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Alon USA Energy (NYSE:ALJ) traded up 2.51% during mid-day trading on Monday, hitting $15.93. The stock had a trading volume of 1,515,705 shares. Alon USA Energy has a one year low of $8.55 and a one year high of $17.58. The stock’s 50-day moving average is $13.15 and its 200-day moving average is $14.42. The company’s market cap is $1.093 billion.
Alon USA Energy (NYSE:ALJ) last released its earnings data on Thursday, August 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.04. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. Analysts expect that Alon USA Energy will post $0.55 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 22nd. Shareholders of record on Monday, September 8th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend is Thursday, September 4th. This is a positive change from Alon USA Energy’s previous quarterly dividend of $0.06.
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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