Alon USA Energy (ALJ) : Average target price received by Alon USA Energy (ALJ) is $7.5 with an expected standard deviation of $2.08. The most aggressive target on the stock is $10, whereas the most downbeat target is $5. 4 financial analysts are currently covering the stock.
Alon USA Energy (ALJ) : The consensus on Alon USA Energy (ALJ) based on 5 analyst recommendation on the company stock is 3.4, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Also, Equity analysts at the Brokerage firm Piper Jaffray maintains its rating on Alon USA Energy (NYSE:ALJ). The rating major has initiated the coverage with underweight rating on the shares. The Analysts at Piper Jaffray raises the price target from $4 per share to $5 per share. The rating by the firm was issued on August 22, 2016.
Alon USA Energy (NYSE:ALJ): The stock opened at $8.19 on Thursday but the bulls could not build on the opening and the stock topped out at $8.26 for the day. The stock traded down to $7.94 during the day, due to lack of any buying support eventually closed down at $8.00 with a loss of -2.20% for the day. The stock had closed at $8.18 on the previous day. The total traded volume was 1,196,533 shares.
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.