Alon USA Energy (ALJ) to Release Earnings on Tuesday

Alon USA Energy (NYSE:ALJ) will be posting its Q2 2013 quarterly earnings results after the market closes on Tuesday, August 6th.

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 expect Alon USA Energy to post $1.26 EPS for the current fiscal year and $0.83 EPS for the next fiscal year.

Alon USA Energy (NYSE:ALJ) opened at 13.06 on Monday. 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 $18.01. The company has a market cap of $811.5 million and a price-to-earnings ratio of 5.51.

A number of analysts have recently weighed in on ALJ shares. Analysts at Citigroup Inc. downgraded shares of Alon USA Energy from a ?hold? rating to an ?underperform? rating in a research note to investors on Wednesday, July 10th. On the ratings front, analysts at Macquarie downgraded shares of Alon USA Energy from a ?neutral? rating to an ?underperform? rating in a research note to investors on Wednesday, July 10th. They now have a $11.00 price target on the stock, down previously from $18.00. Finally, analysts at TheStreet upgraded shares of Alon USA Energy from a ?hold? rating to a ?buy? rating in a research note to investors on Friday, May 31st.

Four analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company?s stock. The stock presently has an average rating of ?Hold? and a consensus price target of $17.20.

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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Source: http://utahpeoplespost.com/2013/08/alon-usa-energy-alj-to-release-earnings-on-tuesday/

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