The stock of Alon USA Energy, Inc. (NYSE:ALJ) is a huge mover today! About 429,222 shares traded hands. Alon USA Energy, Inc. (NYSE:ALJ) has declined 14.65% since March 8, 2016 and is downtrending. It has underperformed by 23.97% the S&P500.
The move comes after 5 months positive chart setup for the $677.52 million company. It was reported on Oct, 11 by Barchart.com. We have $12.34 PT which if reached, will make NYSE:ALJ worth $243.91 million more.
Analysts await Alon USA Energy, Inc. (NYSE:ALJ) to report earnings on November, 7. They expect $-0.07 earnings per share, down 111.67% or $0.67 from last year’s $0.6 per share. After $-0.21 actual earnings per share reported by Alon USA Energy, Inc. for the previous quarter, Wall Street now forecasts -66.67% EPS growth.
Alon USA Energy, Inc. (NYSE:ALJ) Ratings Coverage
Out of 6 analysts covering Alon USA Energy (NYSE:ALJ), 1 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 17% are positive. $24.0 is the highest target while $5 is the lowest. The $13.50 average target is 48.84% above today’s ($9.07) stock price. Alon USA Energy has been the topic of 16 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm has “Equal-Weight” rating given on Monday, October 12 by Barclays Capital. On Monday, August 22 the stock rating was maintained by Piper Jaffray with “Underweight”. The firm earned “Equal-Weight” rating on Monday, October 10 by . The rating was maintained by Piper Jaffray on Friday, September 16 with “Underweight”. The rating was upgraded by Zacks to “Hold” on Friday, August 7. The firm has “Neutral” rating given on Friday, July 24 by Macquarie Research. The firm has “Overweight” rating given on Wednesday, August 5 by Barclays Capital. The firm has “Neutral” rating given on Friday, June 10 by JP Morgan. JP Morgan initiated it with “Neutral” rating and $20 target price in Friday, September 11 report. The firm has “Underweight” rating given on Tuesday, January 12 by Barclays Capital.
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.”
Insitutional Activity: The institutional sentiment increased to 0.94 in Q2 2016. Its up 0.13, from 0.81 in 2016Q1. The ratio increased, as 25 funds sold all Alon USA Energy, Inc. shares owned while 47 reduced positions. 23 funds bought stakes while 45 increased positions. They now own 35.58 million shares or 21.87% less from 45.53 million shares in 2016Q1.
The Georgia-based Vident Investment Advisory Limited Company has invested 0.12% in Alon USA Energy, Inc. (NYSE:ALJ). Allianz Asset Mngmt Ag accumulated 322,560 shares or 0% of the stock. Nomura owns 106,109 shares or 0% of their US portfolio. Lucus Advisors Ltd Liability Co reported 53,237 shares or 0.28% of all its holdings. Point72 Asset Mngmt L P reported 1.88 million shares or 0.08% of all its holdings. The New York-based Morgan Stanley has invested 0% in Alon USA Energy, Inc. (NYSE:ALJ). Dekabank Deutsche Girozentrale holds 0% of its portfolio in Alon USA Energy, Inc. (NYSE:ALJ) for 1,967 shares. Blackrock Institutional Tru Na last reported 794,707 shares in the company. D E Shaw & Inc last reported 0.03% of its portfolio in the stock. Nationwide Fund Advisors accumulated 39,978 shares or 0% of the stock. Alliancebernstein Limited Partnership holds 53,400 shares or 0% of its portfolio. Moreover, California Public Employees Retirement Sys has 0% invested in Alon USA Energy, Inc. (NYSE:ALJ) for 109,500 shares. Dimensional Fund Advisors Lp accumulated 0.02% or 5.97 million shares. Rhumbline Advisers last reported 39,533 shares in the company. Springbok Mngmt Ltd Co holds 0% or 1,434 shares in its portfolio.
Insider Transactions: Since May 10, 2016, the stock had 1 insider purchase, and 10 sales for $5.02 million net activity. $174,148 worth of Alon USA Energy, Inc. (NYSE:ALJ) shares were sold by Morris Jeff D. On Wednesday, August 24 Wiessman David sold $769,650 worth of the stock or 105,000 shares. The insider Oster Michael sold $384,870. 2,000 Alon USA Energy, Inc. (NYSE:ALJ) shares with value of $15,820 were bought by Wheeler Franklin R..
Another recent and important Alon USA Energy, Inc. (NYSE:ALJ) news was published by Prnewswire.com which published an article titled: “Alon USA Energy To Participate In The Barclays CEO Energy-Power Conference” on August 31, 2016.
ALJ Company Profile
Alon USA Energy, Inc., incorporated on July 20, 2000, is an independent refiner and marketer of petroleum products, operating primarily in the South Central, Southwestern and Western regions of the United States. The Firm operates through three divisions: refining and marketing, asphalt and retail. The Company’s refineries produce petroleum products, including various grades of gasoline, diesel fuel, jet fuel, petrochemicals, petrochemical feedstocks, asphalt and other petroleum products. The Firm holds interests in Alon USA Partners, LP, which owns a crude oil refinery in Big Spring, Texas, with a crude oil throughput capacity of approximately 73,000 barrels per day and an integrated wholesale marketing business. In addition, it owns a crude oil refinery in Krotz Springs, Louisiana, with a crude oil throughput capacity of approximately 74,000 barrels per day (bpd). The Firm also owns crude oil refineries in California.
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