Alon USA Energy (ALJ) : 5 analysts are covering Alon USA Energy (ALJ) and their average rating on the stock is 3.4, which is read as a Hold. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Alon USA Energy (ALJ) : Average target price received by Alon USA Energy (ALJ) is $7.5 with an expected standard deviation of $2.08. The most aggressive target on the stock is $10, whereas the most downbeat target is $5. 4 financial analysts are currently covering the stock.
Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Brokerage Firm, Piper Jaffray, maintains their rating on the shares of Alon USA Energy (NYSE:ALJ). Piper Jaffray has a Underweight rating on the shares. As per the latest research report, the brokerage house raises the price target to $5 per share from a prior target of $4. The rating by the firm was issued on August 22, 2016.
Alon USA Energy (NYSE:ALJ): stock was range-bound between the intraday low of $8.12 and the intraday high of $8.38 after having opened at $8.23 on Wednesdays session. The stock finally closed in the red at $8.23, a loss of -0.49%. The stock remained in the red for the whole trading day. The total traded volume was 1,684,476 shares. The stock failed to cross $8.38 in Wednesdays trading. The stocks closing price on Thursday was $8.21.
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 Companys 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 (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 Companys 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.