Shares of Alon USA Partners LP (NASDAQ:ALDW) hit a new 52-week low during trading hours on Thursday, AnalystRatings.NET reports. The company traded as low as $10.87 and last traded at $11.32, with a volume of 1,030,594 shares trading hands. The stock had previously closed at $12.03.
A number of research firms have recently commented on ALDW. Analysts at Credit Suisse cut their price target on shares of Alon USA Partners LP from $20.00 to $18.00 in a research note to investors on Wednesday, October 9th. They now have a “neutral” rating on the stock.
Alon USA Partners LP has a 52 week low of $11.40 and a 52 week high of $29.12. The stock’s 50-day moving average is $13.26 and its 200-day moving average is $19.36. The company has a market cap of $680.6 million and a P/E ratio of 27.16.
Alon USA Partners LP (NASDAQ:ALDW) last announced its earnings results on Wednesday, November 6th. The company reported ($0.07) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.36 by $0.43. The company had revenue of $881.90 million for the quarter, compared to the consensus estimate of $636.00 million. On average, analysts predict that Alon USA Partners LP will post $2.25 earnings per share for the current fiscal year.
Alon USA Partners, LP (NASDAQ:ALDW) owns and operates refining and petroleum products marketing business.
This article (Alon USA Partners LP Reaches New 12-Month Low at $10.87 (ALDW)) was originally developed by and is property of American Banking News.
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