Alon USA Energy (NYSE:ALJ) should head towards $12.2 per share according to 5 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $5 per share. The higher price estimate target is at $20 according to the Analysts.
Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm JP Morgan maintains its rating on Alon USA Energy (NYSE:ALJ). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at JP Morgan lowers the price target from $8 per share to $7 per share. The rating by the firm was issued on June 10, 2016. Company shares have received an average consensus rating of Hold for the current week
On the companys insider trading activities, Wheeler Franklin R., director of Alon Usa Energy, Inc. had purchased 2,000 shares on May 19, 2016 in a transaction. The price per share was $7.91 and the total amount of the disclosed transaction was $15,820.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
Alon USA Energy (NYSE:ALJ) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.56 points or 7.53% at $6.88 with 1,864,039 shares getting traded. Post opening the session at $7.34, the shares hit an intraday low of $6.87 and an intraday high of $7.34 and the price was in this range throughout the day. The company has a market cap of $490 million and the number of outstanding shares have been calculated to be 71,193,155 shares. The 52-week high of Alon USA Energy (NYSE:ALJ) is $23.29 and the 52-week low is $6.87.
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.