Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Alon USA Partners (ALDW) Share Price
Media stories about Alon USA Partners (NYSE:ALDW) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Alon USA Partners earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave news articles about the oil and gas company an impact score of 46.3183049781045 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Alon USA Partners (NYSE ALDW) opened at $15.87 on Monday. The stock has a market cap of $992.34, a P/E ratio of 13.80 and a beta of 1.16. Alon USA Partners has a fifty-two week low of $8.65 and a fifty-two week high of $16.38. The company has a quick ratio of 0.76, a current ratio of 0.97 and a debt-to-equity ratio of 0.51.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Monday, November 13th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 10.84%. This is a positive change from Alon USA Partners’s previous quarterly dividend of $0.35. The ex-dividend date was Friday, November 10th. Alon USA Partners’s dividend payout ratio is currently 121.74%.
ALDW has been the subject of several research reports. BidaskClub raised shares of Alon USA Partners from a “hold” rating to a “buy” rating in a research report on Saturday, November 4th. ValuEngine raised shares of Alon USA Partners from a “sell” rating to a “hold” rating in a research report on Monday, September 18th. Finally, Macquarie raised shares of Alon USA Partners from a “neutral” rating to an “outperform” rating in a report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. Alon USA Partners currently has an average rating of “Buy” and an average target price of $12.25.
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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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