The stock of Alon USA Energy, Inc. (NYSE:ALJ) is a huge mover today! About 1.30 million shares traded hands or 11.11% up from the average. Alon USA Energy, Inc. (NYSE:ALJ) has declined 24.69% since March 11, 2016 and is downtrending. It has underperformed by 30.15% the S&P500.
The move comes after 7 months negative chart setup for the $574.21M company. It was reported on Oct, 14 by Barchart.com. We have $7.59 PT which if reached, will make NYSE:ALJ worth $51.68M less.
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 7 analysts covering Alon USA Energy (NYSE:ALJ), 2 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 29% are positive. Alon USA Energy has been the topic of 17 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Alon USA Energy, Inc. (NYSE:ALJ) has “Overweight” rating given on Wednesday, August 5 by Barclays Capital. The stock has “Underweight” rating given by Piper Jaffray on Monday, August 22. The company was initiated on Friday, July 24 by Macquarie Research. The rating was initiated by JP Morgan on Friday, September 11 with “Neutral”. The rating was maintained by Barclays Capital on Tuesday, January 12 with “Underweight”. On Monday, October 12 the stock rating was downgraded by Barclays Capital to “Equal-Weight”. Zacks upgraded Alon USA Energy, Inc. (NYSE:ALJ) rating on Friday, August 7. Zacks has “Hold” rating and $24 price target. The stock of Alon USA Energy, Inc. (NYSE:ALJ) has “Buy” rating given on Wednesday, September 14 by Citigroup. As per Wednesday, July 13, the company rating was upgraded by Barclays Capital. The firm has “Underweight” rating given on Friday, September 16 by Piper Jaffray.
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 2016 Q2. Its up 0.13, from 0.81 in 2016Q1. The ratio is positive, 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.
Bridgeway Management last reported 584,950 shares in the company. Moreover, Hbk Invests Ltd Partnership has 0.01% invested in Alon USA Energy, Inc. (NYSE:ALJ) for 219,400 shares. Deutsche State Bank Ag reported 371,531 shares or 0% of all its holdings. Citadel Ltd Llc accumulated 11,830 shares or 0% of the stock. American Gru holds 18,171 shares or 0% of its portfolio. Art Advisors Limited Liability Company last reported 0.11% of its portfolio in the stock. Swiss National Bank & Trust has invested 0% of its portfolio in Alon USA Energy, Inc. (NYSE:ALJ). Pnc Finance Group Inc last reported 0% of its portfolio in the stock. Indexiq Advisors Lc has invested 0% of its portfolio in Alon USA Energy, Inc. (NYSE:ALJ). Legal General Gru Public Ltd Com, a United Kingdom-based fund reported 5,308 shares. Savings Bank Of New York Mellon holds 0% of its portfolio in Alon USA Energy, Inc. (NYSE:ALJ) for 507,593 shares. Blackrock Fund Advisors has 752,075 shares for 0% of their US portfolio. Vident Investment Advisory Ltd Liability last reported 134,259 shares in the company. Parametric Portfolio Associate Llc reported 155,195 shares or 0% of all its holdings. Moreover, Sei Investments has 0% invested in Alon USA Energy, Inc. (NYSE:ALJ) for 78 shares.
Insider Transactions: Since May 10, 2016, the stock had 1 insider buy, and 10 insider sales for $5.02 million net activity. Morris Jeff D sold $216,713 worth of stock or 25,000 shares. Wiessman David had sold 70,000 shares worth $510,650. Oster Michael sold $135,648 worth of stock. Wheeler Franklin R. had bought 2,000 shares worth $15,820 on Thursday, May 19.
More recent Alon USA Energy, Inc. (NYSE:ALJ) news were published by: Streetinsider.com which released: “Delek US Holdings (DK) Proposes to Acquire Remaining Alon USA Energy (ALJ) Stock” on October 14, 2016. Also Reuters.com published the news titled: “CORRECTED-Refiner Delek offers to buy rest of Alon USA” on October 14, 2016. Prnewswire.com‘s news article titled: “Alon USA Energy Announces Third Quarter 2016 Earnings Release And Conference …” with publication date: September 27, 2016 was also an interesting one.
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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