Shares of Alon USA Partners, LP (NYSE:ALDW) have been assigned a consensus recommendation of “Hold” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $12.25.

Several brokerages recently issued reports on ALDW. BidaskClub upgraded shares of Alon USA Partners, from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Citigroup Inc. reiterated a “buy” rating and set a $13.00 price target on shares of Alon USA Partners, in a research note on Wednesday, August 2nd. ValuEngine upgraded shares of Alon USA Partners, from a “sell” rating to a “hold” rating in a research note on Monday, September 18th. Barclays PLC reiterated an “equal weight” rating and set a $12.00 price target on shares of Alon USA Partners, in a research note on Wednesday, July 5th. Finally, TheStreet upgraded shares of Alon USA Partners, from a “c” rating to a “b-” rating in a research note on Friday, July 28th.

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Shares of Alon USA Partners, (ALDW) opened at 11.56 on Friday. The company has a market cap of $722.84 million, a PE ratio of 16.15 and a beta of 1.04. The firm’s 50-day moving average is $11.47 and its 200-day moving average is $10.74. Alon USA Partners, has a one year low of $7.63 and a one year high of $12.72.

Alon USA Partners, (NYSE:ALDW) last issued its earnings results on Thursday, July 27th. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.07). Alon USA Partners, had a return on equity of 40.06% and a net margin of 2.20%. The company had revenue of $521.75 million during the quarter, compared to analysts’ expectations of $436.80 million. During the same quarter in the prior year, the business posted $0.02 EPS. On average, equities analysts anticipate that Alon USA Partners, will post $1.45 EPS for the current year.

In other 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 transaction, the vice president now owns 4,263 shares in the company, valued at approximately $49,024.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Several institutional investors have recently modified their holdings of ALDW. Morgan Stanley raised its position in shares of Alon USA Partners, by 239.3% during the 1st quarter. Morgan Stanley now owns 1,116,396 shares of the oil and gas company’s stock valued at $10,226,000 after purchasing an additional 787,330 shares during the period. HITE Hedge Asset Management LLC raised its position in shares of Alon USA Partners, by 41.2% during the 2nd 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 purchasing an additional 113,470 shares during the period. FMR LLC raised its position in shares of Alon USA Partners, by 13.6% during the 1st quarter. FMR LLC now owns 501,471 shares of the oil and gas company’s stock valued at $4,593,000 after purchasing an additional 59,900 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Alon USA Partners, during the 2nd quarter valued at $544,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Alon USA Partners, during the 2nd quarter valued at $493,000. Institutional investors and hedge funds own 5.26% of the company’s stock.

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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