Technical Reports on Oil & Gas Equities -- Tesoro, Alon USA Energy, CVR Refining, and Pacific Ethanol
NEW YORK, November 4, 2016 /PRNewswire/ --
This morning, Stock-Callers.com presents these Oil and Gas Refining and Marketing equities for further assessment: Tesoro Corp. (NYSE: TSO), Alon USA Energy Inc. (NYSE: ALJ), CVR Refining L.P. (NYSE: CVRR), and Pacific Ethanol Inc. (NASDAQ: PEIX). Oil and Gas industry faces challenges like usage of alternative energy sources, strict environmental standards and compliance costs. Today's research reports on the aforementioned stocks are downloadable for free upon registration at:
http://stock-callers.com/registration
Tesoro
On Thursday, shares in Texas headquartered Tesoro Corp. recorded a trading volume of 1.69 million shares. The stock ended the session 0.35% lower at $79.66. The Company's shares have gained 7.42% in the previous three months. The stock is trading 0.94% above its 200-day moving average. 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 44.20.
On October 11th, 2016, research firm Credit Suisse upgraded the Company's stock rating from 'Neutral' to 'Outperform'.
On October 31st, 2016, Tesoro reported net earnings from continuing operations of $170 million, or $1.43 per diluted share, for Q3 2016 compared to net earnings from continuing operations of $759 million, or $6.13 per diluted share in Q3 2015. EBITDA for Q3 2016 was $577 million compared to $1.5 billion in Q3 2015. Tesoro ended Q3 2016 with $1.4 billion in cash and cash equivalents compared to $942 million at the end of 2015. Tesoro has $2.0 billion of availability under its new revolving credit facility. Visit us today and access our complete research report on TSO at:
http://stock-callers.com/registration/?symbol=TSO
Alon USA Energy
Dallas, Texas headquartered Alon USA Energy Inc.'s stock closed the day 2.82% higher at $7.29 and with a total trading volume of 931,925 shares. The Company's shares have advanced 0.39% in the past three months. The stock is trading 11.07% below its 50-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 33.42.
On October 27th, 2016, the company 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 combined total refinery average throughput for Q3 2016 was 137,767 barrels per day ("bpd"), compared to throughput of 146,070 bpd for Q3 2015. Refinery operating margin at the company's Big Spring refinery was $9.22 per barrel for Q3 2016.
On October 11th, 2016, research firm Credit Suisse upgraded the Company's stock rating from 'Neutral' to 'Outperform'. The complimentary report on ALJ can be downloaded at:
http://stock-callers.com/registration/?symbol=ALJ
CVR Refining
Shares in Texas-based CVR Refining L.P. recorded a trading volume of 417,285 shares, and ended yesterday's trading session flat at $6.80. The stock has advanced 8.97% in the previous three months. The Company's shares are trading below their 50-day moving average by 17.81%. Furthermore, shares of CVR Refining, which operates as an independent petroleum refiner and marketer of transportation fuels in the US, have an RSI of 30.80.
On October 27th, 2016, CVR Refining reported net income of $15.9 million on net sales of $1,163.5 million for Q3 2016 compared to net income of $138.9 million on net sales of $1,361.6 million for Q3 2015. Adjusted EBITDA for Q3 2016 was $75.3 million compared to adjusted EBITDA of $229.6 million for Q3 2015.
On October 28th, 2016, research firm JP Morgan upgraded the Company's stock rating from 'Underweight' to 'Neutral'. Register for free on Stock-Callers.com and access the latest research report on CVRR at:
http://stock-callers.com/registration/?symbol=CVRR
Pacific Ethanol
Sacramento, California headquartered Pacific Ethanol Inc.'s stock finished Thursday's session 6.00% lower at $7.05. A total volume of 1.90 million shares was traded, which was above their three months average volume of 523,300 shares. The Company's shares have advanced 7.14% over the previous three months and 47.49% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 2.11% and 29.00%, respectively. Additionally, shares of Pacific Ethanol, which produces and markets low-carbon renewable fuels in the US, have an RSI of 43.32.
On November 02nd, 2016, Pacific Ethanol reported that net sales were $417.8 million for Q3 2016, up 10% when compared to net sales of $380.6 million for Q3 2015. Net loss available to common stockholders for Q3 2016 was $3.8 million, or $0.09 per share, compared to a loss of $15.0 million, or $0.36 per share, for Q3 2015. Cash and cash equivalents were $40.6 million at September 30th, 2016, compared to $52.7 million at December 31st, 2015. Get free access to your research report on PEIX at:
http://stock-callers.com/registration/?symbol=PEIX
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