Alon USA Partners, LP (NYSE:ALDW) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a report released on Wednesday.

A number of other equities research analysts have also recently issued reports on ALDW. Tudor Pickering reaffirmed a “hold” rating on shares of Alon USA Partners, in a research report on Thursday, July 13th. Stifel Nicolaus raised 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 report on Friday, April 21st. Citigroup Inc. reaffirmed a “buy” rating and set a $12.00 target price (down previously from $13.50) on shares of Alon USA Partners, in a research report on Saturday, April 22nd. Credit Suisse Group raised 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 research report on Friday, April 21st. Finally, TheStreet raised Alon USA Partners, from a “c” rating to a “b-” rating in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $11.70.

Shares of Alon USA Partners, (NYSE:ALDW) traded down 2.68% during midday trading on Wednesday, hitting $10.15. 122,255 shares of the stock were exchanged. Alon USA Partners, has a one year low of $7.63 and a one year high of $12.72. The stock’s 50-day moving average price is $11.15 and its 200 day moving average price is $10.28. The stock has a market cap of $634.67 million, a P/E ratio of 14.18 and a beta of 1.06.

Alon USA Partners, (NYSE:ALDW) last announced its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by $0.07. The firm had revenue of $521.75 million during the quarter, compared to the consensus estimate of $436.80 million. Alon USA Partners, had a net margin of 2.20% and a return on equity of 40.06%. During the same period in the previous year, the firm posted $0.02 EPS. On average, analysts anticipate that Alon USA Partners, will post $1.13 earnings per share for the current year.

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Several large investors have recently bought and sold shares of ALDW. Morgan Stanley boosted its stake in 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 valued at $10,226,000 after buying an additional 787,330 shares in the last quarter. FMR LLC boosted its stake in 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 valued at $4,593,000 after buying an additional 59,900 shares in the last quarter. HITE Hedge Asset Management LLC boosted its stake in Alon USA Partners, by 41.2% in the second quarter. HITE Hedge Asset Management LLC now owns 388,875 shares of the oil and gas company’s stock valued at $4,075,000 after buying an additional 113,470 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in 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 valued at $2,487,000 after buying an additional 1,528 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake 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 in the last quarter. 6.95% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Alon USA Partners, (NYSE:ALDW)

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