Alon USA Energy (NYSE: ALJ) had its target price increased by Barclays Capital from $17.00 to $22.00 in a research note issued to investors on Monday. The firm currently has an underweight rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank raised their price target on shares of Alon USA Energy from $16.00 to $20.00 in a research note to investors on Monday, February 11th. They now have a hold rating on the stock. Separately, analysts at Goldman Sachs downgraded shares of Alon USA Energy from a buy rating to a neutral rating in a research note to investors on Tuesday, February 5th. They now have a $21.00 price target on the stock. They noted that the move was a valuation call.
Shares of Alon USA Energy traded down 2.63% during mid-day trading on Monday, hitting $19.27. Alon USA Energy has a one year low of $7.52 and a one year high of $21.24. The stock’s 50-day moving average is currently $19.62. The company has a market cap of $1.167 billion and a P/E ratio of 15.96.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 15th. Investors of record on Friday, March 1st will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Wednesday, February 27th.
Alon USA Energy, Inc. is an independent refiner and marketer of petroleum products operating primarily in the South Central, Southwestern and Western regions of the United States.
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