Alon USA Energy Given Consensus Recommendation of “Hold” by Analysts (NYSE:ALJ)
Shares of Alon USA Energy (NYSE:ALJ) have been given an average recommendation of “Hold” by the ten brokerages that are currently covering the company, AnalystRatings.NET reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $16.11.
In other Alon USA Energy news, major shareholder Israel Oil Company Ltd. Alon unloaded 150,000 shares of the company’s stock on the open market in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $16.36, for a total transaction of $2,454,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Alon USA Energy (NYSE:ALJ) opened at 16.30 on Thursday. Alon USA Energy has a one year low of $8.55 and a one year high of $17.58. The stock has a 50-day moving average of $13.93 and a 200-day moving average of $14.49. The company’s market cap is $1.119 billion.
Alon USA Energy (NYSE:ALJ) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.05) earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.27 earnings per share. Alon USA Energy’s revenue was up 3.9% compared to the same quarter last year. On average, analysts predict that Alon USA Energy will post $0.64 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 22nd. Investors of record on Monday, September 8th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend is Thursday, September 4th. This is an increase from Alon USA Energy’s previous quarterly dividend of $0.06.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Alon USA Energy from an “underperform” rating to a “neutral” rating in a research note on Monday, August 18th. They now have a $15.90 price target on the stock. 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.
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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