Revenue Update on Alon USA Energy(NYSE:ALJ)

Alon USA Energy(NYSE:ALJ) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $1.01B. Analysts estimated a revenue of $854.60M. Earnings per share were $-0.21. Analysts had estimated an EPS of $-0.16.

In a different note, On Jul 13, 2016, Barclays said it Upgrades its rating on Alon USA Energy. In the research note, the firm Lowers the price-target to $10.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Jun 10, 2016, JP Morgan said it Maintains its rating on Alon USA Energy. In the research note, the firm Lowers the price-target to $8.00 per share. The shares have been rated ‘Neutral’ by the firm.

Alon USA Energy (ALJ) shares turned negative on Thursdays trading session with the shares closing down -0.21 points or -2.86% at a volume of 10,87,839. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $7.54. The peak price level was also seen at $7.54 while the days lowest was $7.11. Finally the shares closed at $7.12. The 52-week high of the shares is $23.29 while the 52-week low is $5.86. According to the latest information available, the market cap of the company is $507 M.

Several Insider Transactions has been reported to the SEC. On May 19, 2016, Franklin R. Wheeler (director) purchased 2,000 shares at $7.91 per share price.Also, On May 19, 2016, Michael Oster (Sr. VP-Mergers & Acquisitions) sold 47,000 shares at $8.18 per share price.On Nov 9, 2015, Jeff D Morris (Executive Director) sold 25,000 shares at $16.82 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s crude oil refineries are located in Texas Louisiana and California and have a combined crude oil throughput capacity of approximately 217000 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 Company’s 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.

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