Alon USA Partners LP (NYSE:ALDW): The mean estimate for the short term price target for Alon USA Partners LP (NYSE:ALDW) stands at $14.75 according to 2 Analysts. The higher price target estimate for the stock has been calculated at $20 while the lower price target estimate is at $10.
Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Tudor Pickering downgrades its outlook on Alon USA Partners LP (NYSE:ALDW). The current rating of the shares is Sell, according to the research report released by the firm. Previously, the company had a rating of Hold. The rating by the firm was issued on May 16, 2016. The shares have received a consensus rating of Sell for the current week
On the companys insider trading activities, Even Shai, CFO of Alon Usa Partners, Lp, executed a transaction worth $76,320 on March 1, 2016. A total of 7,200 shares were purchased at an average price of $10.6. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Alon USA Partners LP (NYSE:ALDW) : On Monday heightened volatility was witnessed in Alon USA Partners LP (NYSE:ALDW) which led to swings in the share price. The stock opened for trading at $9.29 and hit $10.47 on the upside , eventually ending the session at $9.87, with a gain of 7.28% or 0.67 points. The heightened volatility saw the trading volume jump to 905,794 shares. The 52-week high of the share price is $26.674 and the company has a market cap of $617 million. The 52-week low of the share price is at $9.07 .
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 73,000 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 Energys retail convenience stores and other third-party distributors. The Big Spring refinery has a crude oil throughput capacity of 73,000 bpd and is located on 1,306 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.