Alon USA Energy (ALJ) : Traders are bullish on Alon USA Energy (ALJ) as it has outperformed the S&P 500 by a wide margin of 16.73% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.8%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 6.37% in the last 1 week, and is up 14.36% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 7.78% and the 50-Day Moving Average is 17.98%.The 200 Day SMA reached 10.4% Alon USA Energy, Inc. is up 36.06% in the last 3-month period. Year-to-Date the stock performance stands at -39.45%.
Alon USA Energy (ALJ) : The highest short term price target forecast on Alon USA Energy (ALJ) is $10 and the lowest target price is $5. A total of 4 equity analysts are currently covering the company. The average price of all the analysts is $7.5 with a standard deviation of $2.08.
Company shares have received an average consensus rating of Hold for the current week Alon USA Energy (NYSE:ALJ): The stock opened at $8.4 and touched an intraday high of $8.7 on Friday. During the day, the stock corrected to an intraday low of $8.4, however, the bulls stepped in and pushed the price higher to close in the green at $8.52 with a gain of 0.35% for the day. The total traded volume for the day was 1,141,972. The stock had closed at $8.52 in the previous trading session.
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.