Alon USA Energy (NYSE:ALJ) : 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Alon USA Energy (NYSE:ALJ). Zacks Investment Research suggests a Sell with a rank of 4. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 7 Wall Street Analysts endorse the stock as a Sell with a rating of 3.57.
Alon USA Energy (NYSE:ALJ) stock is expected to deviate a maximum of $5.34 from the average target price of $9.83 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $20 and the most muted being $5.
Company shares have received an average consensus rating of Hold for the current week Also, In the latest statement by the brokerage house, JP Morgan maintains its outlook on Alon USA Energy (NYSE:ALJ). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm lowers the price target from $8 per share to $7 per share. The rating by the firm was issued on June 10, 2016.
Alon USA Energy (NYSE:ALJ): stock turned positive on Tuesday. Though the stock opened at $6.13, the bulls momentum made the stock top out at $6.3 level for the day. The stock recorded a low of $6.12 and closed the trading day at $6.21, in the green by 3.67%. The total traded volume for the day was 1,416,312. The stock had closed at $5.99 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Alon Usa Energy, Inc., Wheeler Franklin R. had purchased shares worth of $15,820 in a transaction dated on May 19, 2016. A total of 2,000 shares were purchased at a price of $7.91 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Alon USA Energy, Inc. is an independent refiner and marketer of petroleum products, operating primarily in the South Central, Southwestern and Western regions of the United States. The Companys crude oil refineries are located in Texas, Louisiana and California and have a combined crude oil throughput capacity of approximately 217,000 barrels per day (bpd). The Company has three operating segments: refining and marketing, asphalt and retail. Its refineries produce petroleum products including various grades of gasoline, diesel fuel, jet fuel, petrochemicals, petrochemical feedstocks, asphalt and other petroleum-based products. The Companys refining and marketing segment includes sour crude oil refinery located in Big Spring, Texas, a light sweet crude oil refinery located in Krotz Springs, Louisiana and heavy crude oil refineries located in Paramount, Bakersfield and Long Beach, California. The Company owns or operates approximately 10 asphalt terminals.