Citigroup upgraded Alon USA Partners (NYSE:ALDW) from Neutral to Buy in a statement released earlier today.
- Updated: October 19, 2016
Boasting a price of $8.28, Alon USA Partners (NYSE:ALDW) traded 1.45% higher on the day. With the last stock price close down -14.92% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Alon USA Partners has recorded a 50-day average of $9.48 and a two hundred day average of $9.87. Volume of trade was down over the average, with 111,041 shares of ALDW changing hands under the typical 238,505
Citigroup has upgraded Alon USA Partners (NYSE:ALDW) from Neutral to Buy in a statement released on 10/19/2016.
On Wednesday October 12, 2016, Zacks Investment Research released a statement for Alon USA Partners (NYSE:ALDW) bumped up the target price from $0.00 to $9.50 that suggested an upside of 0.11%.
With a total market value of $0, Alon USA Partners has price-earnings ratio of 9.79 with a one year low of $8.07 and a one year high of $26.67 .
A total of 5 equity analysts have released a ratings update on ALDW. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, five equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $11.20.
Brief Synopsis About Alon USA Partners (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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