Piper Jaffray reporeted on Alon USA Energy (NYSE:ALJ), raising its target price to $6.00 today
- Updated: September 16, 2016
Piper Jaffray bumped the estimated target of Alon USA Energy (NYSE:ALJ) to $6, indicating a possible downside of -0.29%.
Having a price of $8.50, Alon USA Energy (NYSE:ALJ) traded 0.24% higher on the day. With the last stock price close up 1.00% relative to the two hundred day moving average, compared with the Standard & Poor’s 500 Index which has fallen -0.01% over the same period. ALJ has logged a 50-day moving average of $7.59 and 200-day average of $8.43. 634,771 shares of ALJ exchanged hands, down from ann average volume of 1,468,320
Alon USA Energy has a 52 week low of $5.86 and a one-year high of $19.84 and has a total market value of $0.0.
A total of 7 brokerages have released a report on the stock. Zero rate the company a strong buy, 0 rate the stock a buy, eight analyts rate the stock a hold, two firms rate the company to underperform, and lastly 0 firmsrate the stock as sell with a one year target stock price of $10.43
More 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, and 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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