Wall Street brokerages predict that Alon USA Energy, Inc. (NYSE:ALJ) will report ($0.13) earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Alon USA Energy’s earnings. The highest EPS estimate is $0.05 and the lowest is ($0.31). Alon USA Energy reported earnings per share of ($0.42) during the same quarter last year, which suggests a positive year-over-year growth rate of 69%. The business is expected to issue its next quarterly earnings results before the market opens on Monday, May 8th.

On average, analysts expect that Alon USA Energy will report full year earnings of ($0.21) per share for the current fiscal year, with EPS estimates ranging from ($0.39) to ($0.02). For the next year, analysts anticipate that the company will report earnings of $0.02 per share, with EPS estimates ranging from ($0.32) to $0.35. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that follow Alon USA Energy.

Alon USA Energy (NYSE:ALJ) last posted its quarterly earnings data on Thursday, February 23rd. The oil and gas company reported ($0.20) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.31) by $0.11. The firm earned $509 million during the quarter, compared to the consensus estimate of $965.02 million. Alon USA Energy had a negative return on equity of 10.24% and a negative net margin of 3.18%. The firm’s revenue was up 29.2% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.21) EPS.

Several brokerages recently commented on ALJ. Citigroup Inc dropped their target price on Alon USA Energy from $17.60 to $16.00 and set a “buy” rating on the stock in a report on Monday, March 6th. Zacks Investment Research cut Alon USA Energy from a “buy” rating to a “hold” rating in a report on Tuesday, February 28th. Finally, Credit Suisse Group AG cut Alon USA Energy from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $13.00 to $12.00 in a report on Friday, March 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $10.86.

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Alon USA Energy (NYSE:ALJ) traded up 2.74% during mid-day trading on Tuesday, reaching $11.23. The company’s stock had a trading volume of 382,276 shares. The stock’s 50-day moving average is $12.00 and its 200-day moving average is $10.72. The firm’s market capitalization is $802.02 million. Alon USA Energy has a 12 month low of $5.86 and a 12 month high of $13.01.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tudor Investment Corp Et Al bought a new position in Alon USA Energy during the fourth quarter valued at about $158,000. Laurion Capital Management LP bought a new position in Alon USA Energy during the third quarter valued at about $148,000. Norges Bank bought a new position in Alon USA Energy during the fourth quarter valued at about $289,000. Metropolitan Life Insurance Co. NY boosted its position in Alon USA Energy by 12.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 26,595 shares of the oil and gas company’s stock valued at $303,000 after buying an additional 2,913 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Alon USA Energy during the fourth quarter valued at about $303,000. 46.67% of the stock is currently owned by institutional investors.

Alon USA Energy Company Profile

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’s segments include refining and marketing, asphalt and retail. Its refineries produce petroleum products, including various grades of gasoline, diesel, jet fuel, petrochemicals, petrochemical feedstocks, asphalt, and other petroleum-based products.

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