BidaskClub cut shares of Alon USA Partners, LP (NYSE:ALDW) from a hold rating to a sell rating in a report released on Wednesday.
A number of other equities analysts also recently issued reports on the company. Citigroup Inc. reissued a buy rating and set a $13.00 target price on shares of Alon USA Partners, in a research note on Wednesday, August 2nd. TheStreet raised Alon USA Partners, from a c rating to a b- rating in a research note on Friday, July 28th. Tudor Pickering reissued a hold rating on shares of Alon USA Partners, in a research note on Thursday, July 13th. Barclays PLC reissued an equal weight rating and set a $12.00 target price on shares of Alon USA Partners, in a research note on Wednesday, July 5th. Finally, Stifel Nicolaus raised Alon USA Partners, from a market perform rating to an outperform rating and set a $12.00 target price for the company in a research note on Friday, April 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. Alon USA Partners, currently has an average rating of Hold and a consensus price target of $11.70.
Shares of Alon USA Partners, (NYSE:ALDW) opened at 10.33 on Wednesday. Alon USA Partners, has a one year low of $7.63 and a one year high of $12.72. The firm has a market capitalization of $645.92 million, a price-to-earnings ratio of 14.43 and a beta of 1.06. The firm has a 50-day moving average price of $11.14 and a 200 day moving average price of $10.28.
Alon USA Partners, (NYSE:ALDW) last issued its earnings results on Thursday, July 27th. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by $0.07. The business had revenue of $521.75 million for the quarter, compared to analysts’ expectations of $436.80 million. Alon USA Partners, had a return on equity of 40.06% and a net margin of 2.20%. During the same period last year, the company posted $0.02 earnings per share. Equities analysts forecast that Alon USA Partners, will post $1.13 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: “Alon USA Partners, LP (ALDW) Stock Rating Lowered by BidaskClub” was first posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The legal version of this piece of content can be viewed at https://stocknewstimes.com/2017/08/20/alon-usa-partners-lp-aldw-stock-rating-lowered-by-bidaskclub.html.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Thursday, August 17th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 13.55%. The ex-dividend date of this dividend is Tuesday, August 15th. Alon USA Partners,’s dividend payout ratio is currently 197.19%.
Several large investors have recently added to or reduced their stakes in ALDW. Arrowstreet Capital Limited Partnership purchased a new stake in Alon USA Partners, during the second quarter worth $493,000. Virtu KCG Holdings LLC purchased a new stake in Alon USA Partners, during the second quarter worth $148,000. Acrospire Investment Management LLC boosted its stake in Alon USA Partners, by 683.7% in the second quarter. Acrospire Investment Management LLC now owns 9,514 shares of the oil and gas company’s stock worth $100,000 after buying an additional 8,300 shares in the last quarter. HITE Hedge Asset Management LLC boosted its stake in Alon USA Partners, by 41.2% in the second quarter. HITE Hedge Asset Management LLC now owns 388,875 shares of the oil and gas company’s stock worth $4,075,000 after buying an additional 113,470 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in Alon USA Partners, during the second quarter worth $544,000. Institutional investors and hedge funds own 6.95% of the company’s stock.
Alon USA Partners, Company Profile
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.
Receive News & Ratings for Alon USA Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alon USA Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.
