Alon USA Partners (ALDW) Lowered to Sell at ValuEngine
Alon USA Partners (NYSE:ALDW) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Friday.
A number of other research analysts also recently issued reports on the company. BidaskClub raised Alon USA Partners from a “hold” rating to a “buy” rating in a research note on Saturday, November 4th. Macquarie raised Alon USA Partners from a “neutral” rating to an “outperform” rating in a research note on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $12.25.
Alon USA Partners (NYSE ALDW) traded down $0.35 during midday trading on Friday, hitting $15.83. The company’s stock had a trading volume of 287,568 shares, compared to its average volume of 288,473. Alon USA Partners has a 1 year low of $8.65 and a 1 year high of $16.38. The company has a market cap of $989.84, a price-to-earnings ratio of 13.77 and a beta of 1.16. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.97 and a quick ratio of 0.76.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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