Alon USA Energy Inc. (ALJ) Given “Equal Weight” Rating at Barclays PLC
Barclays PLC reaffirmed their equal weight rating on shares of Alon USA Energy Inc. (NYSE:ALJ) in a research note issued to investors on Monday morning. Barclays PLC currently has a $10.00 target price on the stock, up from their prior target price of $8.00.
Several other equities analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Alon USA Energy from a hold rating to a sell rating in a report on Tuesday, October 4th. Piper Jaffray Cos. boosted their target price on shares of Alon USA Energy from $5.00 to $6.00 and gave the stock an underweight rating in a report on Friday, September 16th. Citigroup Inc. began coverage on shares of Alon USA Energy in a research note on Wednesday, September 14th. They set a buy rating and a $10.50 price target on the stock. Finally, Credit Suisse Group AG reaffirmed a hold rating and set a $9.00 price target on shares of Alon USA Energy in a research note on Friday, July 29th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $9.44.
Alon USA Energy (NYSE:ALJ) traded up 4.23% during midday trading on Monday, hitting $9.11. 193,767 shares of the stock traded hands. Alon USA Energy has a 52-week low of $5.86 and a 52-week high of $18.27. The company’s market cap is $646.63 million. The firm’s 50-day moving average is $8.13 and its 200-day moving average is $8.10.
Alon USA Energy (NYSE:ALJ) last released its earnings results on Thursday, July 28th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.19) by $0.02. Alon USA Energy had a negative return on equity of 2.29% and a negative net margin of 1.75%. The company earned $1.01 billion during the quarter, compared to analysts’ expectations of $883.85 million. During the same period last year, the firm posted $0.67 EPS. Alon USA Energy’s quarterly revenue was down 22.5% compared to the same quarter last year. Analysts predict that Alon USA Energy will post ($1.08) EPS for the current year.
In other Alon USA Energy news, insider David Wiessman sold 75,000 shares of the business’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $7.03, for a total transaction of $527,250.00. Following the transaction, the insider now owns 2,885,541 shares in the company, valued at $20,285,353.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Michael Oster sold 18,500 shares of the business’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of $7.33, for a total transaction of $135,605.00. Following the transaction, the vice president now owns 47,553 shares in the company, valued at approximately $348,563.49. The disclosure for this sale can be found here. Company insiders own 8.80% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of ALJ. Nomura Holdings Inc. boosted its position in Alon USA Energy by 317.2% in the second quarter. Nomura Holdings Inc. now owns 106,109 shares of the company’s stock worth $687,000 after buying an additional 80,676 shares during the period. Public Employees Retirement System of Ohio boosted its position in Alon USA Energy by 8.3% in the second quarter. Public Employees Retirement System of Ohio now owns 35,582 shares of the company’s stock worth $231,000 after buying an additional 2,721 shares during the last quarter. Point72 Asset Management L.P. boosted its position in Alon USA Energy by 67.2% in the second quarter. Point72 Asset Management L.P. now owns 1,876,200 shares of the company’s stock worth $12,158,000 after buying an additional 753,800 shares during the last quarter. EverPoint Asset Management LLC bought a new position in Alon USA Energy during the second quarter worth approximately $1,620,000. Finally, A.R.T. Advisors LLC bought a new position in Alon USA Energy during the second quarter worth approximately $2,289,000. Institutional investors and hedge funds own 50.46% of the company’s stock.
About Alon USA Energy
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. The Company operates through three segments: refining and marketing, asphalt and retail. Its refineries produce petroleum products, including various grades of gasoline, diesel fuel, jet fuel, petrochemicals, petrochemical feedstocks, asphalt and other petroleum-based products.
Receive News & Ratings for Alon USA Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alon USA Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.