Alon USA Partners LP (NYSE:ALDW) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 4, 2016
Zacks Investment Research has upgraded Alon USA Partners LP (NYSE:ALDW) to Hold in a report released on 10/04/2016.
On 9/14/2016, Citigroup released a statement on Alon USA Partners LP (NYSE:ALDW) increased the target price from $10.80 to $11.50 that suggested an upside of 0%.
Only yesterday Alon USA Partners LP (NYSE:ALDW) traded 0.00% even at $8.70. Alon USA Partners LP’s 50-day moving average is $10.08 and its 200-day moving average is $10.18. The last stock close price is down -14.50% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. Volume of trade was down over the average, with 116,587 shares of ALDW changing hands under the typical 238,582
Recent Performance Chart
Alon USA Partners LP has a price-earnings ratio of 10.14 with a 52 week low of $8.07 and a 52 week high of $26.67 Alon USA Partners LP’s market capitalization is presently $0.
A total of 5 analysts have released a research note on the company. zero brokerages rating the stock a strong buy, 0 brokers rating the stock a buy, 5 equity analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $11.20.
Brief Synopsis On Alon USA Partners LP (NYSE:ALDW)
Alon USA Partners, LP (Alon) is engaged principally in the business of operating a crude oil refinery in Big Spring, Texas, with a crude oil throughput capacity of approximately 73,000 barrels per day, which the Company refers to as its Big Spring refinery. The Company refines crude oil into finished products, which the Company markets primarily in Central and West Texas, Oklahoma, New Mexico and Arizona through its integrated wholesale distribution network to retail convenience stores and other third-party distributors. Its Big Spring refinery is located on approximately 1,310 acres in the Permian Basin in West Texas. Major processes at its Big Spring refinery include fluid catalytic cracking, naphtha reforming, vacuum distillation, hydrotreating, aromatic extraction and alkylation. Its Big Spring refinery produces ultra-low sulfur gasoline, ultra-low sulfur diesel, jet fuel, petrochemicals, petrochemical feedstocks, asphalt and other petroleum products.
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