Macquarie Upgrades Rating On Alon USA Partners, LP Common Un (ALDW)

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Alon USA Partners, LP Common Un (NYSE:ALDW).

July 17 investment analysts at Citigroup kept the company rating at “Buy” but raised the price expectation to $14.00 from $11.50.

The company is trading up since yesterday’s close of 11.74. Alon USA Partners, LP Common Un also declared a dividend paid on Thursday August 24th, 2017. The dividend was $0.350 per share for the quarter or $1.40 on an annualized basis. This dividend represents a yield of $11.98 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Tuesday the 15th of August 2017.

The stock is trading at $12.30 a tad higher than the 50 day moving average of $11.48 and which is significantly above the 200 day moving average of $10.85. The 50 day moving average went up $0.82 or +7.12% and the 200 day average was up $1.45.

Alon USA Partners, LP (Alon), launched on August 17, 2012, is engaged principally in the business of operating a crude oil refinery in Big Spring, Texas. The Company had a crude oil throughput capacity of 73,000 barrels per day, which the Company referred to as its Big Spring refinery, as of December 31, 2016. 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. Its Big Spring refinery is located on 1,306 acres in the Permian Basin in West Texas. Major processes at its Big Spring refinery include fluid catalytic cracking, naphtha reforming, vacuum distillation, hydrotreating, aromatic extraction and alkylation. The Company is managed and operated by Alon USA Partners GP, LLC (General Partner), an indirect subsidiary of Alon USA Energy, Inc. (Alon Energy), which is its parent company..

The company’s P/E ratio is 17.18 and the market cap of the company is 769.11M. As of the last earnings report the EPS was $0.72 and is estimated to be $1.64 for the current year with 62,529,000 shares outstanding. Next quarter’s EPS is expected be $0.31 and the next full year EPS is anticipated to be $1.43.

Investors are a little more bullish on Alon USA Partners, LP Common Un of late if you look at the downtick in short interest. The stock had a fall in short interest from September 15, 2017 to September 29, 2017 of -19.97%. Short interest decreased 12,429 over that timeframe. With short interest at 49,820 and short average daily volume at 67,513, the short-interest ratio is 1.0 and the percentage of shorted shares is 0.00% as of September 29.

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