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Why Alon USA Energy, Inc. (ALJ) Could Be Positioned for a Surge

Zacks Equity Research

Alon USA Energy, Inc. ALJ is a Oil and Gas - Refining and Marketing that 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 USA could be a solid choice for investors.

Current Quarter Estimates for ALJ

In the past 30 days, two estimates have gone higher for Alon USA while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates improving from a loss of 7 cents a share 30 days ago, to an earnings of 7 cents today, a significant move.

Current Year Estimates for ALJ

Meanwhile, Alon USA’s current year figures are also looking quite promising, with one estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, improving from a loss of 21 cents per share 30 days ago to an earnings of 15 cents per share today, a significant increase indeed!

Alon USA Energy, Inc. Price and Consensus

Alon USA Energy, Inc. Price and Consensus | Alon USA Energy, Inc. Quote

Bottom Line

The stock has also started to move higher lately, adding 9.3% 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. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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