The stock of Alon USA Partners LP (NYSE:ALDW) reached all time low today, Nov, 3 and still has $6.94 target or 13.00% below today’s $7.98 share price. This indicates more downside for the $498.91M company. This technical setup was reported by Barchart.com. If the $6.94 PT is reached, the company will be worth $64.86 million 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 100,761 shares traded hands. Alon USA Partners LP (NYSE:ALDW) has declined 37.53% since April 1, 2016 and is downtrending. It has underperformed by 38.74% 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. The stock has “Sell” rating given by Tudor Pickering on Wednesday, September 9. The company was maintained on Friday, February 19 by Credit Suisse. Tudor Pickering downgraded Alon USA Partners LP (NYSE:ALDW) on Monday, May 16 to “Sell” rating. Barclays Capital maintained Alon USA Partners LP (NYSE:ALDW) on Monday, October 12 with “Underweight” rating. The stock has “Underweight” rating given by Barclays Capital on Tuesday, January 12. Barclays Capital maintained Alon USA Partners LP (NYSE:ALDW) on Wednesday, August 5 with “Underweight” rating. Macquarie Research initiated the shares of ALDW in a report on Friday, July 24 with “Neutral” rating. Citigroup maintained the stock with “Neutral” rating in Wednesday, September 14 report. Citigroup downgraded the stock to “Neutral” rating in Wednesday, October 21 report. 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 dived, 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.
Ladenburg Thalmann Services owns 1,631 shares or 0% of their US portfolio. Lpl Fincl Limited Liability Company holds 0% or 10,406 shares in its portfolio. Guggenheim Capital Llc accumulated 128,547 shares or 0% of the stock. Creative Planning holds 0% of its portfolio in Alon USA Partners LP (NYSE:ALDW) for 17,700 shares. Spot Trading Llc last reported 48,658 shares in the company. First Advsrs L P, a Illinois-based fund reported 2.49 million shares. Wealthtrust Axiom Ltd has invested 0.13% of its portfolio in Alon USA Partners LP (NYSE:ALDW). Deutsche National Bank Ag holds 0% of its portfolio in Alon USA Partners LP (NYSE:ALDW) for 11,624 shares. Global X Mngmt Communications Limited Liability Corporation accumulated 3,212 shares or 0% of the stock. Bank & Trust Of America De has 11,317 shares for 0% of their US portfolio. Gru One Trading L P holds 0% of its portfolio in Alon USA Partners LP (NYSE:ALDW) for 7,446 shares. Eqis Mgmt last reported 15,495 shares in the company. Wells Fargo & Com Mn holds 20,186 shares or 0% of its portfolio. Shelton holds 0.03% of its portfolio in Alon USA Partners LP (NYSE:ALDW) for 30,000 shares. Indexiq Advisors Limited Liability Company has 0% invested in the company for 450 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: “Virtual Stock Exchange”, 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: Nasdaq.com and their article: “Alon USA Partners, LP (ALDW) Ex-Dividend Date Scheduled for August 16, 2016” with publication date: August 15, 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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