Share on StockTwits

Shares of Alon USA Energy (NYSE:ALJ) have received a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the company, Analyst Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $16.11.

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.

In other Alon USA Energy news, Insider Kyle C. Mckeen sold 20,000 shares of Alon USA Energy stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $16.43, for a total value of $328,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of Alon USA Energy (NYSE:ALJ) opened at 16.63 on Thursday. Alon USA Energy has a 52 week low of $8.55 and a 52 week high of $17.58. The stock has a 50-day moving average of $14.17 and a 200-day moving average of $14.53. The company’s market cap is $1.141 billion.

Alon USA Energy (NYSE:ALJ) last announced its 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. Stockholders 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 2.41%. The ex-dividend date of this dividend is Thursday, September 4th. This is a boost 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.