Shares of Alon USA Partners, LP (NYSE:ALDW) have been given an average rating of “Buy” by the six brokerages that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $11.50.

ALDW has been the subject of several research reports. Credit Suisse Group upgraded Alon USA Partners, from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $11.00 to $12.00 in a report on Friday, April 21st. Citigroup Inc. reiterated a “buy” rating and issued a $12.00 target price (down from $13.50) on shares of Alon USA Partners, in a report on Saturday, April 22nd. Stifel Nicolaus upgraded Alon USA Partners, from a “market perform” rating to an “outperform” rating and set a $12.00 target price for the company in a report on Friday, April 21st. Finally, Barclays PLC reiterated an “equal weight” rating and issued a $12.00 target price on shares of Alon USA Partners, in a report on Wednesday.

Several large investors have recently modified their holdings of the company. Morgan Stanley boosted its stake in shares of Alon USA Partners, by 239.3% in the first quarter. Morgan Stanley now owns 1,116,396 shares of the oil and gas company’s stock worth $10,226,000 after buying an additional 787,330 shares during the period. FMR LLC boosted its stake in shares of Alon USA Partners, by 13.6% in the first quarter. FMR LLC now owns 501,471 shares of the oil and gas company’s stock worth $4,593,000 after buying an additional 59,900 shares during the period. HITE Hedge Asset Management LLC bought a new stake in shares of Alon USA Partners, during the first quarter worth $2,523,000. Bank of New York Mellon Corp boosted its stake in shares of Alon USA Partners, by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 271,529 shares of the oil and gas company’s stock worth $2,487,000 after buying an additional 1,528 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of 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 worth $1,240,000 after buying an additional 109,983 shares during the period. Hedge funds and other institutional investors own 6.74% of the company’s stock.

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Shares of Alon USA Partners, (NYSE:ALDW) opened at 10.58 on Friday. Alon USA Partners, has a 52 week low of $7.63 and a 52 week high of $12.44. The company has a 50-day moving average price of $10.92 and a 200-day moving average price of $10.00. The stock has a market cap of $661.46 million, a price-to-earnings ratio of 27.27 and a beta of 1.04.

Alon USA Partners, (NYSE:ALDW) last posted its quarterly earnings data on Monday, May 8th. The oil and gas company reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.22. Alon USA Partners, had a return on equity of 21.53% and a net margin of 1.22%. The company had revenue of $544.50 million during the quarter, compared to analysts’ expectations of $427.82 million. During the same quarter in the previous year, the business earned ($0.14) EPS. Alon USA Partners,’s revenue was up 48.0% compared to the same quarter last year. Equities analysts anticipate that Alon USA Partners, will post $1.18 EPS for the current year.

About Alon USA Partners,

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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