Alon USA Partners, LP (ALDW) Stock Rating Upgraded by TheStreet
A number of other research firms have also recently weighed in on ALDW. Tudor Pickering restated a hold rating on shares of Alon USA Partners, in a research note on Thursday, July 13th. Citigroup Inc. lifted their target price on shares of Alon USA Partners, from $12.00 to $14.00 and gave the company a buy rating in a research note on Monday, July 17th. Barclays PLC restated an equal weight rating and set a $12.00 target price on shares of Alon USA Partners, in a research note on Wednesday, July 5th. Stifel Nicolaus upgraded shares of Alon USA Partners, from a market perform rating to an outperform rating and set a $12.00 target price on the stock in a research note on Friday, April 21st. Finally, Credit Suisse Group upgraded shares of Alon USA Partners, from a neutral rating to an outperform rating and lifted their target price for the company from $11.00 to $12.00 in a research note on Friday, April 21st. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Alon USA Partners, has a consensus rating of Buy and a consensus target price of $11.90.
Alon USA Partners, (NYSE ALDW) traded up 3.52% on Friday, hitting $12.05. 61,101 shares of the stock traded hands. Alon USA Partners, has a 52-week low of $7.63 and a 52-week high of $12.44. The stock has a market cap of $753.46 million, a price-to-earnings ratio of 16.83 and a beta of 1.04. The company’s 50 day moving average price is $10.84 and its 200-day moving average price is $10.16.
Alon USA Partners, (NYSE:ALDW) last released its earnings results on Thursday, July 27th. The oil and gas company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by $0.07. Alon USA Partners, had a net margin of 2.20% and a return on equity of 40.42%. The firm had revenue of $521.75 million for the quarter, compared to analysts’ expectations of $436.80 million. During the same quarter last year, the firm posted $0.02 EPS. On average, analysts forecast that Alon USA Partners, will post $1.13 earnings per share for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Thursday, August 17th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 12.03%. The ex-dividend date is Tuesday, August 15th. Alon USA Partners,’s payout ratio is currently 214.09%.
Hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new stake in shares of Alon USA Partners, during the second quarter valued at approximately $173,000. Nine Chapters Capital Management LLC bought a new stake in shares of Alon USA Partners, during the first quarter valued at approximately $321,000. Acadian Asset Management LLC bought a new stake in shares of Alon USA Partners, during the second quarter valued at approximately $544,000. Renaissance Technologies LLC boosted its stake in shares of 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 during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of 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 during the last quarter. Institutional investors and hedge funds own 6.83% 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.
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