Alon USA Energy, Inc. (ALJ) Upgraded to C by TheStreet
Alon USA Energy, Inc. (NYSE:ALJ) was upgraded by TheStreet from a “d+” rating to a “c” rating in a research note issued on Monday.
A number of other equities research analysts have also recently issued reports on the stock. Credit Suisse Group AG cut shares of Alon USA Energy from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $13.00 to $12.00 in a research note on Friday, March 24th. Zacks Investment Research raised shares of Alon USA Energy from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Tuesday, February 14th. Finally, Citigroup Inc reissued a “buy” rating and issued a $14.50 price target (down previously from $16.00) on shares of Alon USA Energy in a research note on Saturday, April 22nd. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Alon USA Energy presently has an average rating of “Hold” and a consensus target price of $10.75.
Alon USA Energy (NYSE:ALJ) traded up 0.48% during trading on Monday, hitting $12.53. 296,659 shares of the company’s stock were exchanged. The firm’s market cap is $894.87 million. Alon USA Energy has a 12-month low of $5.86 and a 12-month high of $13.01. The company’s 50-day moving average price is $11.88 and its 200 day moving average price is $11.12.
Alon USA Energy (NYSE:ALJ) last released its quarterly earnings results on Monday, May 8th. The oil and gas company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.27. Alon USA Energy had a negative net margin of 3.18% and a negative return on equity of 10.24%. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the company earned ($0.42) EPS. The firm’s revenue for the quarter was up 35.4% compared to the same quarter last year. Equities analysts forecast that Alon USA Energy will post ($0.19) earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 8th. Shareholders of record on Monday, May 22nd will be issued a $0.15 dividend. The ex-dividend date is Thursday, May 18th. This represents a $0.60 dividend on an annualized basis and a yield of 4.79%. Alon USA Energy’s payout ratio is currently -35.93%.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Evanston Investments Inc. dba Evanston Advisors raised its position in shares of Alon USA Energy by 27.1% in the third quarter. Evanston Investments Inc. dba Evanston Advisors now owns 312,681 shares of the oil and gas company’s stock worth $2,520,000 after buying an additional 66,649 shares during the last quarter. Princeton Alpha Management LP purchased a new position in shares of Alon USA Energy during the third quarter worth $236,000. Laurion Capital Management LP purchased a new position in shares of Alon USA Energy during the third quarter worth $148,000. State Street Corp raised its position in shares of Alon USA Energy by 19.2% in the fourth quarter. State Street Corp now owns 678,046 shares of the oil and gas company’s stock worth $7,718,000 after buying an additional 109,055 shares during the last quarter. Finally, FMR LLC purchased a new position in shares of Alon USA Energy during the fourth quarter worth $7,643,000. Institutional investors own 46.67% of the company’s stock.
About Alon USA Energy
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. The Company’s segments include refining and marketing, asphalt and retail. Its refineries produce petroleum products, including various grades of gasoline, diesel, jet fuel, petrochemicals, petrochemical feedstocks, asphalt, and other petroleum-based products.
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