Alon USA Partners, LP (ALDW) Scheduled to Post Quarterly Earnings on Wednesday
Alon USA Partners, LP (NYSE:ALDW) will release its earnings data before the market opens on Wednesday, July 26th. Analysts expect Alon USA Partners, to post earnings of $0.42 per share for the quarter.
Alon USA Partners, (NYSE:ALDW) last posted its quarterly earnings data on Monday, May 8th. The oil and gas company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.22. The company had revenue of $544.50 million during the quarter, compared to analysts’ expectations of $427.82 million. Alon USA Partners, had a return on equity of 21.53% and a net margin of 1.22%. Alon USA Partners,’s revenue for the quarter was up 48.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.14) earnings per share. On average, analysts expect Alon USA Partners, to post $1.12 EPS for the current fiscal year and $1.16 EPS for the next fiscal year.
Shares of Alon USA Partners, LP (NYSE:ALDW) opened at 10.90 on Wednesday. Alon USA Partners, LP has a 52-week low of $7.63 and a 52-week high of $12.44. The company’s 50-day moving average price is $10.79 and its 200-day moving average price is $10.09. The stock has a market cap of $681.47 million, a PE ratio of 28.09 and a beta of 1.04.
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A number of equities analysts recently issued reports on ALDW shares. Credit Suisse Group upgraded Alon USA Partners, from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $11.00 to $12.00 in a research note on Friday, April 21st. 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 research note on Friday, April 21st. Citigroup Inc restated a “buy” rating and issued a $12.00 target price (down previously from $13.50) on shares of Alon USA Partners, in a research note on Saturday, April 22nd. Barclays PLC restated an “equal weight” rating and issued a $12.00 target price on shares of Alon USA Partners, in a research note on Wednesday, July 5th. Finally, Tudor Pickering restated a “hold” rating on shares of Alon USA Partners, in a research note on Thursday, July 13th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Alon USA Partners, presently has an average rating of “Buy” and an average price target of $11.90.
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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