Alliance Resource Partners, L.P. (ARLP) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) have received a consensus recommendation of “Buy” from the eight research firms that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $26.15.

Several research firms have commented on ARLP. Zacks Investment Research lowered shares of Alliance Resource Partners from a “buy” rating to a “sell” rating in a research report on Friday, October 27th. FBR & Co set a $30.00 price target on shares of Alliance Resource Partners and gave the company a “buy” rating in a research report on Tuesday, October 31st. BidaskClub raised shares of Alliance Resource Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, December 27th. B. Riley reissued a “buy” rating on shares of Alliance Resource Partners in a research report on Wednesday, November 1st. Finally, ValuEngine raised shares of Alliance Resource Partners from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd.

Institutional investors have recently made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Alliance Resource Partners in the 3rd quarter valued at approximately $193,000. Alliancebernstein L.P. raised its position in shares of Alliance Resource Partners by 5.9% in the 2nd quarter. Alliancebernstein L.P. now owns 10,284 shares of the energy company’s stock valued at $194,000 after purchasing an additional 576 shares during the last quarter. Stifel Financial Corp purchased a new position in shares of Alliance Resource Partners in the 3rd quarter valued at approximately $196,000. Sheaff Brock Investment Advisors LLC purchased a new position in shares of Alliance Resource Partners in the 3rd quarter valued at approximately $219,000. Finally, Wedbush Securities Inc. purchased a new position in shares of Alliance Resource Partners in the 3rd quarter valued at approximately $222,000. 14.36% of the stock is owned by hedge funds and other institutional investors.

Shares of Alliance Resource Partners (ARLP) traded up $0.45 during trading on Tuesday, reaching $20.75. 356,410 shares of the company’s stock traded hands, compared to its average volume of 308,685. The company has a current ratio of 0.82, a quick ratio of 0.53 and a debt-to-equity ratio of 0.39. Alliance Resource Partners has a one year low of $17.60 and a one year high of $25.55. The company has a market cap of $2,710.00, a PE ratio of 5.40 and a beta of 0.74.

Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly earnings results on Monday, October 30th. The energy company reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.13). The firm had revenue of $453.19 million for the quarter, compared to analysts’ expectations of $474.34 million. Alliance Resource Partners had a net margin of 18.96% and a return on equity of 31.11%. The business’s quarterly revenue was down 17.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.91 earnings per share. research analysts predict that Alliance Resource Partners will post 3.06 earnings per share for the current year.

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Alliance Resource Partners Company Profile

Alliance Resource Partners, L.P. is a producer and marketer of coal primarily to the United States utilities and industrial users. The Company operates through segments, including Illinois Basin, Appalachia, and Other and Corporate. The Illinois Basin segment consists of various operating segments, including Webster County Coal, LLC’s Dotiki mining complex, Gibson County Coal, LLC’s mining complex, which includes the Gibson North mine and Gibson South mine, Hopkins County Coal, LLC’s mining complex, which includes the Elk Creek mine, the Pleasant View surface mineable reserves and the Fies property, White County Coal, LLC’s, Pattiki mining complex, Warrior Coal, LLC’s mining complex, Sebree Mining, LLC’s mining complex, which includes the Onton mine and River View Coal, LLC mining complex.

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