NEW YORK, December 14, 2016 /PRNewswire/ --
Moody's 2017 outlook for the Oil and Gas Refining and Marketing industry is negative, as gas and distillate inventories remain above their five-year averages, with uneven declines in refinery utilization among US regions. As per the ratings agency, demand in US and China is expected to slow, while demand in Europe is expected to decline. Consequently, EBITDA will drop by 10% to 15% through mid-2017 in North America and Europe amid weak crack spreads. This morning, Stock-Callers.com brings investors' attention back to some equities to see how they have fared over the last few trading sessions. Up for evaluation are: Tesoro Corp. (NYSE: TSO), Alon USA Energy Inc. (NYSE: ALJ), CVR Refining L.P. (NYSE: CVRR), and Renewable Energy Group Inc. (NASDAQ: REGI). You can access of our complimentary research reports on these stocks now at:
Shares in San Antonio, Texas headquartered Tesoro Corp. rose 1.39%, ending Tuesday's trading session at $91.62. The stock recorded a trading volume of 1.63 million shares. The Company's shares have advanced 8.00% in the last one month and 15.60% in the previous three months. The stock is trading 10.17% and 15.17% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Tesoro, which through its subsidiaries, operates as an independent petroleum refining, logistics, and marketing company in the US, have a Relative Strength Index (RSI) of 65.46.
On December 12th, 2016, research firm Wells Fargo upgraded the Company's stock rating from 'Market Perform' to 'Outperform'.
As per a SEC filing dated December 13th 2016, Tesoro entered into an Amendment and Incremental Facility Agreement among the Company, the lenders party thereto, JPMorgan Chase Bank, N.A., as administrative agent and certain other parties thereto, on December 13th, 2016, which amends and restates the Company's existing Credit Facility, dated as of September 30th, 2016. The Restated Credit Agreement provides for an incremental revolving facility in an aggregate principal amount of $1.0 billion and increases the aggregate commitments under the Existing Credit Agreement from $2.0 billion to $3.0 billion. Visit us today and download your complete report on TSO for free at:
Alon USA Energy
Dallas, Texas headquartered Alon USA Energy Inc.'s stock climbed 2.17%, closing the day at $11.77 with a total trading volume of 889,591 shares. The Company's shares have surged 41.09% in the last month and 45.38% over the previous three months. The stock is trading 35.37% above its 50-day moving average and 42.97% above its 200-day moving average. Additionally, shares of Alon USA Energy, which refines and markets petroleum products, primarily in the South Central, Southwestern, and Western regions of the US, have an RSI of 83.26.
On October 27th 2016, Alon USA Energy reported that net loss available to stockholders for Q3 2016 was $(8.8) million, or $(0.12) per share, compared to net income available to stockholders of $41.9 million, or $0.60 per share, for Q3 2015. The company's combined total refinery average throughput for Q3 2016 was 137,767 barrels per day.
On November 18th, 2016, research firm Piper Jaffray upgraded the Company's stock rating from 'Underweight' to 'Neutral'. The complimentary research report on ALJ can be accessed at:
On Tuesday, shares in Sugar Land, Texas-based CVR Refining L.P. recorded a trading volume of 545,034 shares. The stock ended the day 0.49% lower at $10.10. The Company's shares have gained 23.93% in the past month and 15.30% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 19.68% and 11.20%, respectively. Furthermore, shares of CVR Refining, which operates as an independent petroleum refiner and marketer of transportation fuels in the US, have an RSI of 66.10.
On December 09th, 2016, research firm Credit Suisse upgraded the Company's stock rating from 'Neutral' to 'Outperform'. Register for free on Stock-Callers.com and download the PDF research report on CVRR at:
Ames, Iowa headquartered Renewable Energy Group Inc.'s stock gained 0.50%, finishing yesterday's session at $10.05. A total volume of 608,905 shares was traded, which was higher than their three months average volume of 442,880 shares. The Company's shares have advanced 9.24% in the last one month, 24.54% over the previous three months, and 8.18% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 8.97% and 11.33%, respectively. Additionally, shares of Renewable Energy, which produces and sells biofuels and renewable chemicals in the US, have an RSI of 59.49.
On November 18th, 2016, Renewable Energy announced that its Board of Directors authorized a review of strategic alternatives for its Life Sciences subsidiary, which is developing renewable chemicals and fuels using a proprietary microbial fermentation process. The strategic review process will be comprehensive and focused on the best path to maximize shareholder value. Get free access to your research report on REGI at:
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