Alon USA Energy, Inc. (NYSE:ALJ) to Release Quarterly Earnings on Wednesday
Alon USA Energy, Inc. (NYSE:ALJ) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, July 26th. Analysts expect the company to announce earnings of $0.08 per share for the quarter.
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 (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.27. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.07 billion. Alon USA Energy had a net margin of 0.89% and a return on equity of 5.65%. The company’s revenue for the quarter was up 35.4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.42) EPS. On average, analysts expect Alon USA Energy to post $-0.17 EPS for the current fiscal year and $-0.23 EPS for the next fiscal year.
Alon USA Energy, Inc. (NYSE:ALJ) opened at 13.32 on Wednesday. Alon USA Energy, Inc. has a 52 week low of $5.86 and a 52 week high of $13.97. The stock has a 50 day moving average of $12.92 and a 200 day moving average of $12.12.
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Several analysts have recently weighed in on ALJ shares. Citigroup Inc restated a “buy” rating and set a $14.50 price target (down from $16.00) on shares of Alon USA Energy in a report on Saturday, April 22nd. TheStreet upgraded Alon USA Energy from a “d+” rating to a “c” rating in a report on Monday, May 8th. Finally, Credit Suisse Group cut Alon USA Energy from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $13.00 to $12.00 in a report on Friday, March 24th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $11.50.
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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