Alon USA Partners LP (NYSE:ALDW) issued its earnings results on Wednesday. The company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.03. The firm earned $462.26 million during the quarter, compared to analysts’ expectations of $443.18 million. Alon USA Partners had a net margin of 2.94% and a return on equity of 38.88%. Alon USA Partners’s quarterly revenue was down 16.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.86 EPS.

Shares of Alon USA Partners (NYSE:ALDW) traded down 7.02% on Thursday, reaching $8.74. The company’s stock had a trading volume of 117,010 shares. The stock has a 50-day moving average price of $9.14 and a 200-day moving average price of $9.76. The company has a market capitalization of $546.42 million, a price-to-earnings ratio of 10.19 and a beta of 0.97. Alon USA Partners has a 1-year low of $8.07 and a 1-year high of $26.67.

Earnings History for Alon USA Partners (NYSE:ALDW)

ALDW has been the topic of a number of recent research reports. Zacks Investment Research upgraded Alon USA Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, July 6th. TheStreet raised Alon USA Partners from a “sell” rating to a “hold” rating in a report on Wednesday, August 31st. Citigroup Inc. boosted their price target on Alon USA Partners from $10.80 to $11.50 and gave the company a “neutral” rating in a report on Wednesday, September 14th. Finally, Barclays PLC reissued an “underweight” rating and issued a $8.00 price target (down from $9.00) on shares of Alon USA Partners in a report on Monday, October 10th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $10.50.

An institutional investor recently bought a new position in Alon USA Partners stock. Clinton Group Inc. purchased a new position in Alon USA Partners LP (NYSE:ALDW) during the second quarter, according to its most recent disclosure with the SEC. The fund purchased 16,996 shares of the company’s stock, valued at approximately $171,000. Institutional investors own 5.96% of the company’s stock.

Alon USA Partners Company Profile

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.

5 Day Chart for NYSE:ALDW

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.