The stock of Alon USA Partners LP (NYSE:ALDW) reached all time low today, Oct, 28 and still has $6.73 target or 14.00% below today’s $7.82 share price. This indicates more downside for the $451.98M company. This technical setup was reported by Barchart.com. If the $6.73 PT is reached, the company will be worth $63.28M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 414,672 shares traded hands or 10.52% up from the average. Alon USA Partners LP (NYSE:ALDW) has declined 31.68% since March 28, 2016 and is downtrending. It has underperformed by 36.39% the S&P500.
Analysts await Alon USA Partners LP (NYSE:ALDW) to report earnings on November, 7.
Alon USA Partners LP (NYSE:ALDW) Ratings Coverage
Out of 6 analysts covering Alon USA Partners LP (NYSE:ALDW), 1 rate it a “Buy”, 3 “Sell”, while 2 “Hold”. This means 17% are positive. Alon USA Partners LP has been the topic of 16 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Barclays Capital maintained it with “Underweight” rating and $22 target price in Wednesday, August 5 report. On Wednesday, October 21 the stock rating was downgraded by Citigroup to “Neutral”. The stock has “Sell” rating given by Tudor Pickering on Wednesday, September 9. The rating was maintained by Barclays Capital on Tuesday, January 12 with “Underweight”. The firm has “Sell” rating by Tudor Pickering given on Monday, May 16. Citigroup maintained the stock with “Neutral” rating in Wednesday, September 14 report. Macquarie Research initiated the shares of ALDW in a report on Friday, July 24 with “Neutral” rating. maintained it with “Underweight” rating and $8 target price in Monday, October 10 report. The stock has “Underweight” rating given by Barclays Capital on Monday, October 12. The stock of Alon USA Partners LP (NYSE:ALDW) earned “Neutral” rating by Credit Suisse on Monday, April 11.
According to Zacks Investment Research, “Alon USA Partners, LP owns and operates refining and petroleum products marketing business. The Company’s integrated downstream business operates primarily in the South Central and Southwestern regions of the United States. It refines crude oil into finished products, which it market primarily in West Texas, Central Texas, Oklahoma, New Mexico and Arizona. Alon USA Partners, LP is based in Texas.”
Insitutional Activity: The institutional sentiment decreased to 0.67 in 2016 Q2. Its down 0.42, from 1.09 in 2016Q1. The ratio turned negative, as 12 funds sold all Alon USA Partners LP shares owned while 9 reduced positions. 3 funds bought stakes while 11 increased positions. They now own 3.65 million shares or 5.49% less from 3.86 million shares in 2016Q1.
Wealthtrust Axiom Ltd Co holds 0.13% of its portfolio in Alon USA Partners LP (NYSE:ALDW) for 34,000 shares. Boothbay Fund Mngmt Ltd Limited Liability Company, a New York-based fund reported 17,535 shares. Invesco last reported 0% of its portfolio in the stock. Bancorp Of America Corp De accumulated 11,317 shares or 0% of the stock. Moreover, Eqis Cap has 0.01% invested in Alon USA Partners LP (NYSE:ALDW) for 15,495 shares. Shelton Capital Management owns 30,000 shares or 0.03% of their US portfolio. Us Bancorp De holds 0% of its portfolio in Alon USA Partners LP (NYSE:ALDW) for 300 shares. Freestone Capital Hldgs Limited Com holds 0.05% or 53,915 shares in its portfolio. Lpl Limited Liability holds 0% of its portfolio in Alon USA Partners LP (NYSE:ALDW) for 10,406 shares. The Illinois-based Group One Trading Lp has invested 0% in Alon USA Partners LP (NYSE:ALDW). The New York-based Indexiq Advsrs Limited Liability has invested 0% in Alon USA Partners LP (NYSE:ALDW). Arrow Investment Advisors Limited Liability Company accumulated 0.11% or 49,270 shares. The Illinois-based Guggenheim Lc has invested 0% in Alon USA Partners LP (NYSE:ALDW). Comml Bank Of New York Mellon Corporation last reported 0% of its portfolio in the stock. Advisors Ltd Limited Liability Corp holds 0% of its portfolio in Alon USA Partners LP (NYSE:ALDW) for 1,000 shares.
More important recent Alon USA Partners LP (NYSE:ALDW) news were published by: Prnewswire.com which released: “Alon USA Partners, LP Reports Third Quarter 2016 Results and Declares …” on October 26, 2016, also Marketwatch.com published article titled: “/quotes/zigman/3870025/realtime”, Quotes.Wsj.com published: “DOW JONES, A NEWS CORP COMPANY” on November 20, 2012. More interesting news about Alon USA Partners LP (NYSE:ALDW) was released by: Prnewswire.com and their article: “Alon USA Partners Announces Third Quarter 2016 Earnings Release And Conference …” with publication date: September 27, 2016.
ALDW Company Profile
Alon USA Partners, LP (Alon), incorporated on August 17, 2012, is engaged principally in the business of operating a crude oil refinery in Big Spring, Texas, with a crude oil throughput capacity of approximately 73,000 barrels per day, which the Company refers to as its Big Spring refinery. The Firm refines crude oil into finished products, which the Company markets primarily in Central and West Texas, Oklahoma, New Mexico and Arizona through its integrated wholesale distribution network to retail convenience stores and other third-party distributors. The Company’s Big Spring refinery is located on approximately 1,310 acres in the Permian Basin in West Texas. Major processes at its Big Spring refinery include fluid catalytic cracking, naphtha reforming, vacuum distillation, hydrotreating, aromatic extraction and alkylation. The Firm is managed and operated by Alon USA Partners GP, LLC (General Partner), an indirect subsidiary of Alon USA Energy, Inc. (Alon Energy), which is its parent company.
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