Alon USA Partners, LP (NYSE:ALDW) will be announcing its earnings results before the market opens on Wednesday, July 26th. Analysts expect the company to announce earnings of $0.42 per share for the quarter.
Alon USA Partners, (NYSE:ALDW) last announced its quarterly earnings results on Monday, May 8th. The oil and gas company reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.22. The firm had revenue of $544.50 million for the quarter, compared to analyst estimates of $427.82 million. Alon USA Partners, had a net margin of 1.22% and a return on equity of 21.53%. The business’s revenue for the quarter was up 48.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.14) EPS. On average, analysts expect Alon USA Partners, to post $1.12 EPS for the current fiscal year and $1.16 EPS for the next fiscal year.
Shares of Alon USA Partners, LP (NYSE ALDW) opened at 11.12 on Monday. Alon USA Partners, LP has a one year low of $7.63 and a one year high of $12.44. The firm has a 50-day moving average of $10.79 and a 200 day moving average of $10.11. The company has a market cap of $695.22 million, a price-to-earnings ratio of 28.66 and a beta of 1.04.
ALDW has been the topic of a number of recent analyst reports. Credit Suisse Group upgraded Alon USA Partners, from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $11.00 to $12.00 in a research report on Friday, April 21st. Stifel Nicolaus upgraded Alon USA Partners, from a “market perform” rating to an “outperform” rating and set a $12.00 price target on the stock in a research report on Friday, April 21st. Citigroup Inc. restated a “buy” rating and issued a $12.00 price target (down previously from $13.50) on shares of Alon USA Partners, in a research report on Saturday, April 22nd. Barclays PLC restated an “equal weight” rating and issued a $12.00 price target on shares of Alon USA Partners, in a research report on Wednesday, July 5th. Finally, Tudor Pickering restated a “hold” rating on shares of Alon USA Partners, in a research report on Thursday, July 13th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $11.90.
About Alon USA Partners,
Alon USA Partners, LP (Alon) is engaged principally in the business of operating a crude oil refinery in Big Spring, Texas. The Company had a crude oil throughput capacity of 73,000 barrels per day, which the Company referred to as its Big Spring refinery, as of December 31, 2016. The Company refines crude oil into finished products, which the Company markets primarily in Central and West Texas, Oklahoma, New Mexico and Arizona through its integrated wholesale distribution network to retail convenience stores and other third-party distributors.
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