Alon USA Energy Receives Consensus Rating of “Hold” from Brokerages (NYSE:ALJ)
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 Network.com 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.
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