Alon USA Partners LP (ALDW) was Upgraded by Citigroup to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Citigroup advised their investors in a research report released on Oct 19, 2016.
On the company’s financial health, Alon USA Partners LP reported $0.02 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.10. The company had revenue of $468.46 million for the quarter, compared to analysts expectations of $417.45 million. The company’s revenue was down -25.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.95 EPS.
Alon USA Partners LP closed down -0.35 points or -4.12% at $8.14 with 2,37,975 shares getting traded on Friday. Post opening the session at $8.48, the shares hit an intraday low of $8.13 and an intraday high of $8.4963 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Mar 2, 2016, Shai Even (CFO) purchased 7,200 shares at $10.60 per share price.
Alon USA Partners LP (Alon) is engaged in the business of operating a crude oil refinery in Big Spring Texas with a crude oil throughput capacity of 73000 barrels per day (bpd). The Company refines crude oil into finished products which it markets primarily in West and Central Texas Oklahoma New Mexico and Arizona through its wholesale distribution network to both Alon Energy’s retail convenience stores and other third-party distributors. The Big Spring refinery has a crude oil throughput capacity of 73000 bpd and is located on 1306 acres in the Permian Basin in West Texas. Its Big Spring refinery produces ultra-low sulfur gasoline ultra-low sulfur diesel jet fuel petrochemicals petrochemical feedstocks asphalt and other petroleum products. This refinery typically converts approximately 90% of its feedstock into finished products such as gasoline diesel jet fuel and petrochemicals with the remaining 10% primarily converted to asphalt and liquefied petroleum gas.