Stock Analysis:Alon USA Energy (NYSE:ALJ) Target Change
In a recent research report distributed by Credit Suisse on 2 December, Alon USA Energy (NYSE:ALJ) had its PT upgraded to $22.00. The firm now has a solid Neutral rating on shares.
From a total of 7 analysts covering Alon USA Energy (NYSE:ALJ) stock, 0 rate it a ”Buy”, 2 a “Sell”, and 8 a ”Hold”. This means that 0% of the ratings are positive. The highest target price is $21 while the lowest target price is $18. The mean of all analyst targets is $19.57 with a 20.66% above today’s ($17.57) stock price. Alon USA Energy was the topic of 6 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Barclays Capital downgraded shares on October 12 to “Equal-Weight” rating. Zacks upgraded ALJ stock in a recent report from August 7 to “Hold” rating.
Approximately 138,547 shares of stock traded hands. Alon USA Energy, Inc. (NYSE:ALJ) has risen 8.39% since April 29, 2015 and is uptrending. It has outperformed by 8.59% the S&P500.
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 has a market cap of $1.25 billion. The Company’s crude oil refineries are located in Texas, Louisiana and California and have a combined crude oil throughput capacity of approximately 217,000 barrels per day . It has 11.3 P/E ratio. The Firm has three operating divisions: refining and marketing, asphalt and retail.
According to Zacks Investment Research, “Alon USA Energy, Inc. is an independent refiner and marketer of petroleum products, operating primarily in the Southwestern and South Central regions of the United States. Alon markets gasoline and diesel products under the FINA brand name and is a leading producer of asphalt in the State of Texas. The Company also operates convenience stores in West Texas and New Mexico under the 7-Eleven and FINA brand names and supplies motor fuels to these stores from its Big Spring refinery.” Get a free copy of the Zacks research report on Alon USA Energy, Inc. (ALJ).