Alon USA Partners, LP (ALDW) Given Consensus Recommendation of “Buy” by Brokerages
Alon USA Partners, LP (NYSE:ALDW) has earned a consensus rating of “Buy” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $10.70.
Several analysts have issued reports on ALDW shares. Citigroup Inc. reaffirmed a “buy” rating and set a $12.00 price target (down from $13.50) on shares of Alon USA Partners, in a research report on Saturday, April 22nd. Stifel Nicolaus raised shares of Alon USA Partners, from a “market perform” rating to an “outperform” rating and set a $12.00 price objective on the stock in a research report on Friday, April 21st. Finally, Credit Suisse Group raised shares of Alon USA Partners, from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $11.00 to $12.00 in a research report on Friday, April 21st.
A number of large investors have recently made changes to their positions in the company. A.R.T. Advisors LLC bought a new stake in Alon USA Partners, during the fourth quarter worth $152,000. Nine Chapters Capital Management LLC acquired a new position in shares of Alon USA Partners, during the first quarter worth about $321,000. GSA Capital Partners LLP raised its position in Alon USA Partners, by 572.5% in the fourth quarter. GSA Capital Partners LLP now owns 106,287 shares of the oil and gas company’s stock valued at $1,020,000 after buying an additional 90,482 shares during the last quarter. Renaissance Technologies LLC raised its position in Alon USA Partners, by 572.8% in the fourth quarter. Renaissance Technologies LLC now owns 129,183 shares of the oil and gas company’s stock valued at $1,240,000 after buying an additional 109,983 shares during the last quarter. Finally, Western Standard LLC purchased a new position in Alon USA Partners, during the fourth quarter valued at about $1,781,000. Hedge funds and other institutional investors own 6.74% of the company’s stock.
Shares of Alon USA Partners, (ALDW) opened at 11.00 on Monday. The stock has a market cap of $687.72 million, a P/E ratio of 28.35 and a beta of 1.03. Alon USA Partners, has a 52-week low of $7.63 and a 52-week high of $12.44. The firm has a 50-day moving average of $10.44 and a 200-day moving average of $9.86.
Alon USA Partners, (NYSE:ALDW) last announced its earnings results on Monday, May 8th. The oil and gas company reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.22. Alon USA Partners, had a net margin of 1.22% and a return on equity of 21.53%. The business had revenue of $544.50 million during the quarter, compared to analysts’ expectations of $427.82 million. During the same quarter in the prior year, the company posted ($0.14) earnings per share. The firm’s revenue was up 48.0% on a year-over-year basis. On average, equities analysts expect that Alon USA Partners, will post $1.17 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 30th. Shareholders of record on Monday, May 22nd were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 13.82%. This is an increase from Alon USA Partners,’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Thursday, May 18th. Alon USA Partners,’s dividend payout ratio is presently 400.01%.
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Alon USA Partners, Company Profile
Alon USA Partners, LP (Alon) is engaged principally in the business of operating a crude oil refinery in Big Spring, Texas. The Company had a crude oil throughput capacity of 73,000 barrels per day, which the Company referred to as its Big Spring refinery, as of December 31, 2016. The Company refines crude oil into finished products, which the Company markets primarily in Central and West Texas, Oklahoma, New Mexico and Arizona through its integrated wholesale distribution network to retail convenience stores and other third-party distributors.
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