Alon USA Energy (ALJ) was Reiterated by Cowen to “Market Perform” while Lowering the Price Target of the company shares to $ 10 from a previous price target of $14 . Cowen advised their investors in a research report released on May 5, 2016.
Many Wall Street Analysts have commented on Alon USA Energy. Shares were Reiterated by Barclays on Apr 8, 2016 to “Underweight” and Lowered the Price Target to $ 11 from a previous price target of $13 .
On the company’s financial health, Alon USA Energy reported $-0.21 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Feb 24, 2016. Analyst had a consensus of $-0.17. The company had revenue of $782.37 million for the quarter, compared to analysts expectations of $700.90 million. The company’s revenue was down -48.0 % compared to the same quarter last year.
Alon USA Energy closed down -0.27 points or -2.77% at $9.48 with 22,09,827 shares getting traded on Wednesday. Post opening the session at $9.7, the shares hit an intraday low of $9.3 and an intraday high of $9.81 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Nov 9, 2015, Jeff D Morris (Executive Director) sold 25,000 shares at $16.82 per share price. According to the SEC, on Aug 10, 2015, Kyle C Mckeen (President and CEO) sold 17,498 shares at $20.95 per share price. On Jun 12, 2015, David Wiessman (Executive Director) sold 166,500 shares at $18.07 per share price, according to the Form-4 filing with the securities and exchange commission.
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’s crude oil refineries are located in Texas Louisiana and California and have a combined crude oil throughput capacity of approximately 217000 barrels per day (bpd). The Company has three operating segments: refining and marketing asphalt and retail. Its refineries produce petroleum products including various grades of gasoline diesel fuel jet fuel petrochemicals petrochemical feedstocks asphalt and other petroleum-based products. The Company’s refining and marketing segment includes sour crude oil refinery located in Big Spring Texas a light sweet crude oil refinery located in Krotz Springs Louisiana and heavy crude oil refineries located in Paramount Bakersfield and Long Beach California. The Company owns or operates approximately 10 asphalt terminals.