Zacks Investment Research upgraded Alon USA Energy, Inc. (NYSE:ALJ) to Hold in a statement released earlier today.
- Updated: September 20, 2016
Zacks Investment Research has upgraded Alon USA Energy, Inc. (NYSE:ALJ) to Hold in a statement released on 09/20/2016.
On 9/16/2016, Piper Jaffray released a statement for Alon USA Energy, Inc. (NYSE:ALJ) bumped up the target price from $5.00 to $6.00 that suggested a downside of -0.29%.
Boasting a price of $8.64, Alon USA Energy, Inc. (NYSE:ALJ) traded -2.55% lower on the day. The last closing price is up 0.53% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same period. ALJ has recorded a 50-day average of $7.69 and a two hundred day average of $8.38. Trade Volume was down over the average, with 825,556 shares of ALJ changing hands under the typical 1,424,120
Recent Performance Chart
Alon USA Energy, Inc. has 52 week low of $5.86 and a 52 week high of $19.84 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 7 analysts have released a research note on ALJ. The one year target is $10.43 with zero analysts rating the company a strong buy, zero analysts rating the company a buy, eight analysts rating the company a hold, two analysts rating the company a underperform, and lastly zero analysts rating the company a sell.
General Company Details For Alon USA Energy, Inc. (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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