Equities researchers at Credit Suisse dropped their target price on shares of Alon USA Energy (NYSE:ALJ) from $16.00 to $11.00 in a research report issued on Wednesday, American Banking and Market News reports. The firm currently has an “underperform” rating on the stock. Credit Suisse’s target price would indicate a potential upside of 23.18% from the stock’s previous close.
ALJ has been the subject of a number of other recent research reports. Analysts at Barclays Capital cut their price target on shares of Alon USA Energy from $18.00 to $15.00 in a research note to investors on Tuesday. They now have an “underweight” rating on the stock. Separately, 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. Finally, analysts at Cowen and Company reiterated a “hold” rating on shares of Alon USA Energy in a research note to investors on Wednesday, October 2nd. They now have a $11.00 price target on the stock, down previously from $15.00. Five equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Alon USA Energy presently has an average rating of “Sell” and a consensus target price of $13.43.
Alon USA Energy (NYSE:ALJ) traded up 2.58% on Wednesday, hitting $9.16. 186,059 shares of the company’s stock traded hands. Alon USA Energy has a 1-year low of $8.55 and a 1-year high of $21.24. The stock’s 50-day moving average is $11.17 and its 200-day moving average is $14.53. The company has a market cap of $572.0 million and a price-to-earnings ratio of 4.40.
Alon USA Energy (NYSE:ALJ) last announced its earnings results on Tuesday, August 6th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.01. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was down 12.2% on a year-over-year basis. Analysts expect that Alon USA Energy will post $0.74 EPS for the current fiscal year.
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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