Stock Analysis:Alon USA Partners LP (NYSE:ALDW) Target Upped
In a very recent research note sent to investors by Credit Suisse on Wednesday morning, Alon USA Partners LP (NYSE:ALDW) had its PT raised to $31.00. The firm now has a solid Outperform rating on shares.
From a total of 5 analysts covering Alon USA Partners LP (NYSE:ALDW) stock, 1 rate it a ”Buy”, 2 a “Sell”, and 3 a ”Hold”. This means that 17% of the ratings are positive. The highest target price is $30 while the lowest target price is $22. The mean of all analyst targets is $24.4 with a -15.22% below today’s ($25.75) stock price. Alon USA Partners LP was the topic of 6 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Citigroup downgraded shares on October 21 to “Neutral” rating. Tudor Pickering downgraded ALDW stock in a recent report from September 9 to “Sell” rating.
Approximately 25,761 shares of stock traded hands. Alon USA Partners LP (NYSE:ALDW) has risen 28.09% since April 29, 2015 and is uptrending. It has outperformed by 28.29% the S&P500.
Alon USA Partners, LP is engaged in the business of operating a crude oil refinery in Big Spring, Texas with a crude oil throughput capacity of 73,000 barrels per day (bpd). The company has a market cap of $1.61 billion. The Firm refines crude oil into finished products, which it markets primarily in West and Central Texas, Oklahoma, New Mexico and Arizona through its wholesale distribution network to both Alon Energy’s retail convenience stores and other third-party distributors. It has 8.39 P/E ratio. The Big Spring refinery has a crude oil throughput capacity of 73,000 bpd and is located on 1,306 acres in the Permian Basin in West Texas.
According to Zacks Investment Research, “Alon USA Partners, LP owns and operates refining and petroleum products marketing business. The Company’s integrated downstream business operates primarily in the South Central and Southwestern regions of the United States. It refines crude oil into finished products, which it market primarily in West Texas, Central Texas, Oklahoma, New Mexico and Arizona. Alon USA Partners, LP is based in Texas.” Get a free copy of the Zacks research report on Alon USA Partners LP (ALDW).