Alon USA Partners, (ALDW) Earns Media Sentiment Rating of 0.13
Headlines about Alon USA Partners, (NYSE:ALDW) have been trending somewhat positive on Saturday, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Alon USA Partners, earned a news impact score of 0.13 on Accern’s scale. Accern also assigned press coverage about the oil and gas company an impact score of 46.1574082352434 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Alon USA Partners, (ALDW) traded down 0.77% during trading on Friday, reaching $11.53. 67,251 shares of the company were exchanged. The firm has a market cap of $720.96 million, a price-to-earnings ratio of 16.10 and a beta of 1.05. The firm has a 50-day moving average of $11.26 and a 200-day moving average of $10.51. Alon USA Partners, has a 52-week low of $7.63 and a 52-week high of $12.72.
Alon USA Partners, (NYSE:ALDW) last posted its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.07). The business had revenue of $521.75 million for the quarter, compared to the consensus estimate of $436.80 million. Alon USA Partners, had a return on equity of 40.06% and a net margin of 2.20%. During the same period last year, the firm earned $0.02 earnings per share. On average, equities analysts forecast that Alon USA Partners, will post $1.31 EPS for the current year.
A number of analysts recently weighed in on the stock. 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. BidaskClub upgraded shares of Alon USA Partners, from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. TheStreet upgraded shares of Alon USA Partners, from a “c” rating to a “b-” rating in a report on Friday, July 28th. ValuEngine upgraded shares of Alon USA Partners, from a “sell” rating to a “hold” rating in a report on Monday, September 18th. Finally, Tudor Pickering restated a “hold” rating on shares of Alon USA Partners, in a report on Thursday, July 13th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $11.70.
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In related news, VP Shai Even sold 2,937 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 4,263 shares in the company, valued at $49,024.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
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.
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