The stock of Alon USA Partners LP (NYSE:ALDW) hit a new 52-week low and has $6.63 target or 14.00% below today’s $7.71 share price. The 7 months bearish chart indicates high risk for the $482.03 million company. The 1-year low was reported on Nov, 3 by Barchart.com. If the $6.63 price target is reached, the company will be worth $67.48 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 29,512 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. Credit Suisse downgraded Alon USA Partners LP (NYSE:ALDW) rating on Monday, April 11. Credit Suisse has “Neutral” rating and $13 price target. The rating was maintained by Credit Suisse with “Outperform” on Friday, February 19. The stock of Alon USA Partners LP (NYSE:ALDW) has “Underweight” rating given on Monday, October 12 by Barclays Capital. As per Friday, July 24, the company rating was initiated by Macquarie Research. Barclays Capital maintained the stock with “Underweight” rating in Tuesday, January 12 report. The firm earned “Sell” rating on Monday, May 16 by Tudor Pickering. The company was upgraded on Wednesday, October 19 by Citigroup. Barclays Capital maintained Alon USA Partners LP (NYSE:ALDW) on Wednesday, August 5 with “Underweight” rating. The rating was downgraded by Tudor Pickering on Wednesday, September 9 to “Sell”. The firm has “Neutral” rating by Citigroup given on Wednesday, October 21.
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.
Eqis Management last reported 15,495 shares in the company. Sigma Planning Corp has 0.02% invested in the company for 15,587 shares. Shelton accumulated 30,000 shares or 0.03% of the stock. Morgan Stanley has invested 0% of its portfolio in Alon USA Partners LP (NYSE:ALDW). Spot Trading Limited Liability owns 48,658 shares or 0.01% of their US portfolio. Advsr Limited Lc, a Ohio-based fund reported 1,000 shares. State Bank Of America De owns 11,317 shares or 0% of their US portfolio. First Advisors Limited Partnership last reported 2.49 million shares in the company. Lpl Lc accumulated 0% or 10,406 shares. The New York-based Art Advisors Ltd Liability Com has invested 0.03% in Alon USA Partners LP (NYSE:ALDW). Group One Trading Limited Partnership accumulated 7,446 shares or 0% of the stock. Arrow Advsrs Lc holds 0.11% or 49,270 shares in its portfolio. The Ontario – Canada-based Royal Fincl Bank Of Canada has invested 0% in Alon USA Partners LP (NYSE:ALDW). Manufacturers Life Insur The last reported 0% of its portfolio in the stock. Invesco owns 200,896 shares or 0% of their US portfolio.
More 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 the news titled: “/quotes/zigman/3870025/realtime” on November 20, 2012. Quotes.Wsj.com‘s news article titled: “DOW JONES, A NEWS CORP COMPANY” with publication date: November 20, 2012 was also an interesting one.
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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