Alon USA Energy (ALJ) Posts Quarterly Results
Alon USA Energy (NYSE: ALJ) released its earnings data on Wednesday. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.57 by $0.02. The company had revenue of $825.63 million for the quarter, compared to the consensus estimate of $1.85 billion.
Several analysts have also recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Alon USA Energy from $16.00 to $20.00 in a research note to investors on Monday, February 11th. They now have a “hold” rating on the stock. On a related note, analysts at Goldman Sachs downgraded shares of Alon USA Energy from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, February 5th. They now have a $21.00 price target on the stock. They noted that the move was a valuation call.
One analyst has rated the stock with an overweight rating, eight have issued a hold rating, and one has assigned a sell rating to the company. Alon USA Energy has a consensus rating of “hold” and a consensus target price of $19.10.
Alon USA Energy (ALJ) opened at 19.62 on Wednesday. Alon USA Energy (ALJ) has a 1-year low of $7.52 and a 1-year high of $21.24. The stock’s 50-day moving average is currently $19.44. The company has a market cap of $1.188 billion and a price-to-earnings ratio of 28.94.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 15th. Stockholders of record on Friday, March 1st will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Wednesday, February 27th.
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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