Alon USA Energy, Inc. (ALJ) Given Average Recommendation of “Hold” by Analysts
Shares of Alon USA Energy, Inc. (NYSE:ALJ) have been given an average recommendation of “Hold” by the eight brokerages that are covering the stock. Six research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $10.50.
A number of brokerages have weighed in on ALJ. TheStreet raised Alon USA Energy from a “d+” rating to a “c” rating in a research report on Monday, May 8th. Citigroup Inc decreased their target price on Alon USA Energy from $17.60 to $16.00 and set a “buy” rating for the company in a research report on Monday, March 6th. Credit Suisse Group AG lowered Alon USA Energy from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $13.00 to $12.00 in a research report on Friday, March 24th. Finally, Zacks Investment Research lowered Alon USA Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, February 28th.
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Shares of Alon USA Energy (NYSE:ALJ) opened at 12.70 on Friday. The stock has a 50 day moving average of $12.06 and a 200 day moving average of $11.48. Alon USA Energy has a 1-year low of $5.86 and a 1-year high of $13.32. The company’s market cap is $908.00 million.
Alon USA Energy (NYSE:ALJ) last issued its earnings results on Monday, May 8th. The oil and gas company reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.27. Alon USA Energy had a negative return on equity of 10.24% and a negative net margin of 3.18%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the firm earned ($0.42) EPS. Alon USA Energy’s revenue was up 35.4% on a year-over-year basis. On average, equities analysts forecast that Alon USA Energy will post ($0.11) EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 8th. Shareholders of record on Monday, May 22nd will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date of this dividend is Thursday, May 18th. Alon USA Energy’s dividend payout ratio (DPR) is -35.93%.
A number of institutional investors have recently modified their holdings of the company. Highbridge Capital Management LLC purchased a new stake in Alon USA Energy during the fourth quarter worth about $3,109,000. Teachers Advisors LLC increased its stake in Alon USA Energy by 12.5% in the fourth quarter. Teachers Advisors LLC now owns 104,083 shares of the oil and gas company’s stock worth $1,184,000 after buying an additional 11,579 shares in the last quarter. Norges Bank purchased a new stake in Alon USA Energy during the fourth quarter worth about $289,000. Metropolitan Life Insurance Co. NY increased its stake in Alon USA Energy by 12.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 26,595 shares of the oil and gas company’s stock worth $303,000 after buying an additional 2,913 shares in the last quarter. Finally, Tudor Investment Corp Et Al purchased a new stake in Alon USA Energy during the fourth quarter worth about $158,000. 46.67% of the stock is owned by institutional investors and hedge funds.
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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