Alon USA Energy Upgraded to “Buy” at TheStreet (ALJ)

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Alon USA Energy (NYSE: ALJ) was upgraded by investment analysts at TheStreet from a “hold” rating to a “buy” rating in a note issued to investors on Friday, StockRatingsNetwork.com reports.

The analysts wrote, “Alon USA Energy (ALJ) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.”

Alon USA Energy (NYSE: ALJ) opened at 18.31 on Friday. Alon USA Energy has a 1-year low of $7.52 and a 1-year high of $21.24. The stock’s 50-day moving average is currently $17.. The company has a market cap of $1.138 billion and a price-to-earnings ratio of 7.53.

Alon USA Energy (NYSE: ALJ) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.86 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.55 by $0.31. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the company posted $0.15 earnings per share. Alon USA Energy’s revenue was down 7.9% compared to the same quarter last year. On average, analysts predict that Alon USA Energy will post $1.99 earnings per share for the current fiscal year.

ALJ has been the subject of a number of other recent research reports. Analysts at Credit Suisse downgraded shares of Alon USA Energy from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, May 3rd. Separately, analysts at Deutsche Bank cut their price target on shares of Alon USA Energy from $20.00 to $15.00 in a research note to investors on Wednesday, April 17th. They now have a “hold” rating on the stock. Finally, analysts at Barclays Capital raised their price target on shares of Alon USA Energy from $17.00 to $22.00 in a research note to investors on Monday, March 11th. They now have an “underweight” rating on the stock.

Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Alon USA Energy presently has a consensus rating of “Hold” and an average target price of $18.75.

The company also recently declared a special dividend, which is scheduled for Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $0.16 per share. This represents a yield of 1.33%. The ex-dividend date of this dividend is Wednesday, May 29th.

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.

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