Why Alon (ALJ) Could Be Positioned for a Surge? - Tale of the Tape

By
A A A

Alon USA Energy, Inc. ( ALJ ), an oil refining and marketing company could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.  

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on ALJ's earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Alon could be a solid choice for investors.          

Current Quarter Estimates for ALJ

In the past 30 days, 5 estimates have gone higher for Alon while only 1 moved lower in the same time period. The trend has been pretty favorable too, with estimates increasing significantly from a loss of 16 cents a share 30 days ago, to earnings of 18 cents today.     

Current Year Estimates for ALJ

Meanwhile, Alon's current year figures are also looking quite promising, with 2 estimates moving higher in the past month against just 1 lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 81 cents per share 30 days ago to 88 cents per share today, an increase of 8.6%.    

Bottom Line

The stock has also started to move higher lately, adding 9.2% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>



ALON USA ENERGY (ALJ): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: ALJ

Zacks.com

Zacks.com

More from Zacks.com:

Related Videos

Stocks

Referenced

Most Active by Volume

67,310,517
  • $100.53 ▲ 1.38%
50,893,843
  • $8.02 ▲ 2.56%
48,783,882
  • $10.25 ▲ 3.85%
43,859,280
  • $5.39 ▼ 4.09%
41,392,452
    $15.45 unch
31,440,620
  • $8.09 ▲ 3.45%
30,705,588
  • $3.11 ▲ 0.97%
28,829,509
  • $3.87 ▲ 19.44%
As of 8/19/2014, 04:03 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com