Alon USA Energy (NYSE:ALJ) released its earnings data on Thursday. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by $0.35, StockRatingsNetwork.com reports. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the prior year, the company posted $0.84 earnings per share.
Alon USA Energy (NYSE:ALJ) traded down 6.72% on Friday, hitting $10.27. The stock had a trading volume of 2,040,273 shares. Alon USA Energy has a 52 week low of $8.55 and a 52 week high of $21.24. The stock’s 50-day moving average is $10.80 and its 200-day moving average is $13.68. The company has a market cap of $641.3 million and a P/E ratio of 5.43.
Several analysts have recently commented on the stock. Analysts at Credit Suisse cut their price target on shares of Alon USA Energy from $16.00 to $11.00 in a research note to investors on Wednesday, October 9th. They now have an “underperform” rating on the stock. On the ratings front, analysts at Barclays cut their price target on shares of Alon USA Energy from $18.00 to $15.00 in a research note to investors on Tuesday, October 8th. They now have an “underweight” rating on the stock. Finally, analysts at Macquarie reiterated an “underperform” rating on shares of Alon USA Energy in a research note to investors on Thursday, October 3rd. They now have a $8.00 price target on the stock, down previously from $9.00. Five equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Alon USA Energy presently has an average rating of “Sell” and an average price target of $13.43.
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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