Credit Suisse upgraded Alon USA Energy (NYSE:ALJ) from Neutral to Outperform in a statement released today.
- Updated: October 11, 2016
Credit Suisse has upgraded Alon USA Energy (NYSE:ALJ) from Neutral to Outperform in a statement released on Tuesday October 11, 2016.
Boasting a price of $8.74, Alon USA Energy (NYSE:ALJ) traded 3.38% higher on the day. With the last stock price close up 11.48% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Alon USA Energy has recorded a 50-day average of $8.13 and a two hundred day average of $8.11. Trade Volume was down over the average, with 550,030 shares of ALJ changing hands under the typical 1,367,500
Recent Performance Chart
Alon USA Energy has 52 week low of $5.86 and a 52 week high of $18.27 and has a market cap of $0.
Also covering Alon USA Energy's price target, a total of 7 brokers have issued a research note on ALJ. The one year target is $10.43 with 0 firms rating the stock a strong buy, zero analysts rating the stock a buy, 8 brokerages rating the company a hold, 2 brokers rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Alon USA Energy (NYSE:ALJ)
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 operates through three 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 holds interests in Alon USA Partners, LP, which owns a crude oil refinery in Big Spring, Texas. 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 (California refineries). It owns or operates approximately 10 asphalt terminals. It operates approximately 310 owned and leased convenience store sites.
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