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Alon USA Partners (NASDAQ:ALDW)’s share price reached a new 52-week high during trading on Wednesday , ARN reports. The stock traded as high as $20.25 and last traded at $20.11, with a volume of 56,226 shares. The stock had previously closed at $20.02.

ALDW has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Alon USA Partners from an “underperform” rating to a “neutral” rating in a research note on Wednesday. They now have a $20.50 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Alon USA Partners in a research note on Monday, August 11th. They now have a $20.00 price target on the stock, up previously from $19.00. Finally, analysts at Credit Suisse upgraded shares of Alon USA Partners from a “neutral” rating to an “outperform” rating in a research note on Monday, August 11th.

The stock has a 50-day moving average of $18.35 and a 200-day moving average of $17.49. The company has a market cap of $1.276 billion and a price-to-earnings ratio of 26.38.

Alon USA Partners (NASDAQ:ALDW) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the 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 revenue for the quarter was down 16.2% on a year-over-year basis. Analysts expect that Alon USA Partners will post $2.55 EPS for the current fiscal year.

Alon USA Partners, LP (NASDAQ:ALDW) owns and operates refining and petroleum products marketing business.

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