The stock of Alon USA Energy, Inc. (NYSE:ALJ) is a huge mover today! About 327,398 shares traded hands. Alon USA Energy, Inc. (NYSE:ALJ) has declined 16.16% since April 28, 2016 and is downtrending. It has underperformed by 22.08% the S&P500.
The move comes after 6 months positive chart setup for the $679.99M company. It was reported on Dec, 1 by Barchart.com. We have $10.14 PT which if reached, will make NYSE:ALJ worth $34.00 million more.
Analysts await Alon USA Energy, Inc. (NYSE:ALJ) to report earnings on February, 22. They expect $-0.25 earnings per share, down 19.05% or $0.04 from last year’s $-0.21 per share. After $-0.09 actual earnings per share reported by Alon USA Energy, Inc. for the previous quarter, Wall Street now forecasts 177.78% negative EPS growth.
Alon USA Energy, Inc. (NYSE:ALJ) Ratings Coverage
Out of 8 analysts covering Alon USA Energy (NYSE:ALJ), 2 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 25% are positive. Alon USA Energy has been the topic of 19 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Alon USA Energy, Inc. (NYSE:ALJ) has “Equal-Weight” rating given on Wednesday, July 13 by Barclays Capital. The stock of Alon USA Energy, Inc. (NYSE:ALJ) has “Underweight” rating given on Tuesday, January 12 by Barclays Capital. The stock of Alon USA Energy, Inc. (NYSE:ALJ) earned “Hold” rating by Zacks on Friday, August 7. Piper Jaffray maintained it with “Underweight” rating and $6 target price in Friday, September 16 report. On Friday, November 18 the stock rating was upgraded by PiperJaffray to “Neutral”. maintained it with “Equal-Weight” rating and $10 target price in Monday, October 10 report. The rating was maintained by Barclays Capital with “Overweight” on Wednesday, August 5. On Monday, August 22 the stock rating was maintained by Piper Jaffray with “Underweight”. The stock has “Neutral” rating given by Macquarie Research on Friday, July 24. The company was upgraded on Friday, November 18 by Piper Jaffray.
According to Zacks Investment Research, “Alon USA Energy, Inc. is an independent refiner and marketer of petroleum products, operating primarily in the Southwestern and South Central regions of the United States. Alon markets gasoline and diesel products under the FINA brand name and is a leading producer of asphalt in the State of Texas. The Company also operates convenience stores in West Texas and New Mexico under the 7-Eleven and FINA brand names and supplies motor fuels to these stores from its Big Spring refinery.”
Insitutional Activity: The institutional sentiment increased to 1.01 in 2016 Q2. Its up 0.07, from 0.94 in 2016Q1. The ratio increased, as 25 funds sold all Alon USA Energy, Inc. shares owned while 47 reduced positions. 23 funds bought stakes while 45 increased positions. They now own 35.58 million shares or 21.87% less from 45.53 million shares in 2016Q1.
Oz Management Limited Partnership accumulated 0.02% or 590,633 shares. Alliancebernstein L P reported 53,400 shares or 0% of all its holdings. Moreover, Panagora Asset Mngmt has 0% invested in Alon USA Energy, Inc. (NYSE:ALJ) for 25,225 shares. Deprince Race & Zollo Inc reported 622,086 shares or 0.08% of all its holdings. Barclays Public Ltd Company last reported 18,543 shares in the company. Northern Tru Corporation holds 0% or 580,840 shares in its portfolio. Hancock Hldg Com holds 0.16% or 607,200 shares in its portfolio. Lsv Asset Management accumulated 119,290 shares or 0% of the stock. Old Mutual Glob Investors (Uk) Ltd last reported 0% of its portfolio in the stock. Metropolitan Life Ins Ny has invested 0% of its portfolio in Alon USA Energy, Inc. (NYSE:ALJ). Credit Suisse Ag, a Switzerland-based fund reported 167,224 shares. Voya Investment Mgmt Limited Liability Corporation accumulated 10,207 shares or 0% of the stock. Blackrock Advsrs Llc last reported 14,346 shares in the company. Nationwide Fund has invested 0% of its portfolio in Alon USA Energy, Inc. (NYSE:ALJ). Kcg Inc accumulated 0.01% or 69,829 shares.
Insider Transactions: Since August 2, 2016, the stock had 0 insider purchases, and 9 insider sales for $4.62 million net activity. The insider Morris Jeff D sold $180,498. $561,750 worth of Alon USA Energy, Inc. (NYSE:ALJ) was sold by Wiessman David. Oster Michael sold 18,500 shares worth $135,648.
More important recent Alon USA Energy, Inc. (NYSE:ALJ) news were published by: Prnewswire.com which released: “Alon USA Energy, Inc. Announces Receipt of Proposal to Purchase Its …” on October 17, 2016, also Streetinsider.com published article titled: “Delek US Holdings (DK) Proposes to Acquire Remaining Alon USA Energy (ALJ) Stock”, Thestreet.com published: “Alon USA Energy (ALJ) Stock Higher, Barclays Upgrades” on July 13, 2016. More interesting news about Alon USA Energy, Inc. (NYSE:ALJ) was released by: Benzinga.com and their article: “Citi Sees Delek, Alon USA ‘Primed To Merge'” with publication date: September 14, 2016.
ALJ Company Profile
Alon USA Energy, Inc., incorporated on July 20, 2000, is an independent refiner and marketer of petroleum products, operating primarily in the South Central, Southwestern and Western regions of the United States. The Firm operates through three divisions: refining and marketing, asphalt and retail. The Company’s refineries produce petroleum products, including various grades of gasoline, diesel fuel, jet fuel, petrochemicals, petrochemical feedstocks, asphalt and other petroleum products. The Firm holds interests in Alon USA Partners, LP, which owns a crude oil refinery in Big Spring, Texas, with a crude oil throughput capacity of approximately 73,000 barrels per day and an integrated wholesale marketing business. In addition, it owns a crude oil refinery in Krotz Springs, Louisiana, with a crude oil throughput capacity of approximately 74,000 barrels per day (bpd). The Firm also owns crude oil refineries in California.
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