Alon USA Energy (ALJ) : 7 analysts are covering Alon USA Energy (ALJ) and their average rating on the stock is 3.57, which is read as a Sell. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Alon USA Energy (ALJ) stock is expected to deviate a maximum of $2.51 from the average target price of $7.6 for the short term period. 5 Street Experts have initiated coverage on the stock with the most promising target being $10 and the most muted being $4.
Company shares have received an average consensus rating of Hold for the current week
Alon USA Energy (NYSE:ALJ): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.28 and $6.28 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.68. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.55, notching a gain of 5.65% for the day. The total traded volume was 1,539,479 . The stock had closed at $6.20 on the previous day.
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.