Alon USA Partners, LP (NYSE:ALDW) was upgraded by Macquarie from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Monday, The Fly reports.

Several other equities analysts have also weighed in on the stock. ValuEngine upgraded shares of Alon USA Partners, from a “sell” rating to a “hold” rating in a report on Monday, September 18th. BidaskClub upgraded shares of Alon USA Partners, from a “sell” rating to a “hold” rating in a report on Thursday, August 31st. Citigroup Inc. restated a “buy” rating and set a $13.00 target price on shares of Alon USA Partners, in a report on Wednesday, August 2nd. TheStreet upgraded shares of Alon USA Partners, from a “c” rating to a “b-” rating in a report on Friday, July 28th. Finally, Tudor Pickering restated a “hold” rating on shares of Alon USA Partners, in a report on Thursday, July 13th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Alon USA Partners, currently has a consensus rating of “Buy” and an average price target of $12.25.

Shares of Alon USA Partners, (NYSE ALDW) traded up 0.43% during mid-day trading on Monday, reaching $11.74. The company’s stock had a trading volume of 76,510 shares. Alon USA Partners, has a 1-year low of $7.63 and a 1-year high of $12.72. The company has a market capitalization of $734.09 million, a price-to-earnings ratio of 16.40 and a beta of 1.04. The firm’s 50 day moving average price is $11.50 and its 200-day moving average price is $10.80.

Alon USA Partners, (NYSE:ALDW) last posted its earnings results on Thursday, July 27th. The oil and gas company reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.07). The business had revenue of $521.75 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm posted $0.02 EPS. On average, analysts predict that Alon USA Partners, will post $1.64 EPS for the current year.

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In related news, VP Shai Even sold 2,937 shares of Alon USA Partners, stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $11.50, for a total transaction of $33,775.50. Following the sale, the vice president now owns 4,263 shares of the company’s stock, valued at approximately $49,024.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ALDW. Bank of New York Mellon Corp increased its position in shares of Alon USA Partners, by 0.6% in the 1st 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 purchasing an additional 1,528 shares during the last quarter. FMR LLC increased its position in shares of Alon USA Partners, by 13.6% in the 1st quarter. FMR LLC now owns 501,471 shares of the oil and gas company’s stock worth $4,593,000 after purchasing an additional 59,900 shares during the last quarter. Morgan Stanley increased its position in shares of Alon USA Partners, by 239.3% in the 1st quarter. Morgan Stanley now owns 1,116,396 shares of the oil and gas company’s stock worth $10,226,000 after purchasing an additional 787,330 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Alon USA Partners, in the 2nd quarter worth about $173,000. Finally, Acadian Asset Management LLC bought a new stake in shares of Alon USA Partners, in the 2nd quarter worth about $544,000. 5.26% of the stock is owned by institutional investors.

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.

The Fly

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

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