Alon USA Partners LP (NASDAQ:ALDW) announced its earnings results on Wednesday. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by $0.43, AmericanBankingNews.com reports. The company had revenue of $881.90 million for the quarter, compared to the consensus estimate of $636.00 million.
A number of analysts have recently weighed in on ALDW shares. Analysts at Credit Suisse cut their price target on shares of Alon USA Partners LP from $20.00 to $18.00 in a research note to investors on Wednesday, October 9th. They now have a “neutral” rating on the stock.
Shares of Alon USA Partners LP (NASDAQ:ALDW) traded up 1.01% during mid-day trading on Wednesday, hitting $12.03. 522,090 shares of the company’s stock traded hands. Alon USA Partners LP has a 52-week low of $11.40 and a 52-week high of $29.12. The stock has a 50-day moving average of $13.32 and a 200-day moving average of $19.41. The company has a market cap of $751.9 million and a P/E ratio of 26.88.
Alon USA Partners, LP (NASDAQ:ALDW) owns and operates refining and petroleum products marketing business.
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