Zacks Investment Research announced Alon USA Partners LP (NYSE:ALDW), boosting its stock price target to $9.50 today
- Updated: October 12, 2016
In a report released on 10/12/2016 Zacks Investment Research increased the stock price target of Alon USA Partners LP (NYSE:ALDW) to $9.50 reporting a possible upside of 0.11%.
Just yesterday Alon USA Partners LP (NYSE:ALDW) traded 1.54% higher at $8.56. Alon USA Partners LP’s 50-day moving average is $9.79 and its 200-day moving average is $10.01. The last stock price is down -14.51% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 131,932 shares of ALDW traded hands, down from an average trading volume of 235,343
Recent Performance Chart
Alon USA Partners LP has 52 week low of $8.07 and a 52 week high of $26.67 with a PE ratio of 9.98 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 5 brokerages have issued a ratings update on the company. The average stock price target is $11.20 with 0 brokerages rating the stock a strong buy, 0 brokerages rating the stock a buy, 5 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
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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