Alon USA Energy (NYSE:ALJ) was upgraded by research analysts at Macquarie to a “neutral” rating in a report released on Thursday, Analyst Ratings Network reports.
Alon USA Energy (NYSE:ALJ) opened at 13.79 on Thursday. 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 $12.09 and its 200-day moving average is $13.06. The company has a market cap of $864.9 million and a P/E ratio of 16.48.
Alon USA Energy (NYSE:ALJ) last announced its earnings results on Thursday, November 7th. The company reported ($0.47) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.12) by $0.35. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter last year, the company posted $0.84 earnings per share. On average, analysts predict that Alon USA Energy will post $0.38 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, December 18th. Investors of record on Tuesday, December 3rd will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Friday, November 29th.
In other Alon USA Energy news, major shareholder Israel Oil Company Ltd. Alon sold 500,000 shares of the stock on the open market in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $13.04, for a total transaction of $6,520,000.00. Following the transaction, the insider now directly owns 39,248,160 shares of the company’s stock, valued at approximately $511,796,006. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Several other analysts have also recently commented on the stock. Analysts at Simmons upgraded shares of Alon USA Energy to a “neutral” rating in a research note to investors on Monday. Separately, analysts at Barclays cut their price target on shares of Alon USA Energy from $15.00 to $14.00 in a research note to investors on Monday, November 11th. They now have an “underweight” rating on the stock. Finally, analysts at Credit Suisse upgraded shares of Alon USA Energy from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, November 11th. They now have a $14.00 price target on the stock, up previously from $11.00. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. Alon USA Energy currently has a consensus rating of “Hold” and an average price target of $14.67.
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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