News Column

United States : ALON USA ENERGY gets downgraded from 'neutral' to 'underperform'

July 22, 2014



Alon USA Energy was downgraded from a neutral rating to an underperform rating. They have a $11.80 price target on the stock.

Alon USA Energy traded up 1.36% on Friday, hitting $12.64. 712,183 shares of the company s stock traded hands. Alon USA Energy has a one year low of $8.55 and a one year high of $17.58. The stock has a 50-day moving average of $13.45 and a 200-day moving average of $14.77. The company s market cap is $864.1 million.

Alon USA Energy issued its quarterly earnings data. The company reported $0.06 earnings per share (EPS) for the quarter, beating the estimate of $0.05 by $0.01. The company had revenue of $1.68 billion for the quarter, compared to the estimate of $1.66 billion. During the same quarter, the company posted $0.86 earnings per share. The company s revenue for the quarter was up 1.9% on a year-over-year basis.

Barclays raised their price target from $15.00 to $17.00. They now have an underweight rating on the stock. 2 research analysts have rated the stock with a sell rating, 4 have issued a hold rating and 2 assigned a buy rating to the company s stock. The stock has an average rating of Hold and an average target price of $15.60.


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: TendersInfo (India)


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters