Alliance Holdings GP (AHGP) PT Set at $32.00 by Stifel Nicolaus

Stifel Nicolaus set a $32.00 price objective on Alliance Holdings GP (NASDAQ:AHGP) in a research report released on Tuesday. The firm currently has a hold rating on the energy company’s stock.

AHGP has been the topic of several other reports. Zacks Investment Research lowered shares of Alliance Holdings GP from a strong-buy rating to a hold rating in a report on Monday, October 9th. cut their target price on shares of Alliance Holdings GP from $32.00 to $31.00 and set a hold rating on the stock in a report on Wednesday, November 15th. ValuEngine lowered shares of Alliance Holdings GP from a buy rating to a hold rating in a report on Sunday, December 31st. BidaskClub upgraded shares of Alliance Holdings GP from a strong sell rating to a sell rating in a report on Wednesday, January 3rd. Finally, TheStreet upgraded shares of Alliance Holdings GP from a c+ rating to a b- rating in a report on Monday, October 16th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $31.00.

Shares of Alliance Holdings GP (AHGP) traded down $0.14 during midday trading on Tuesday, reaching $27.99. 50,400 shares of the company traded hands, compared to its average volume of 97,342. Alliance Holdings GP has a fifty-two week low of $22.71 and a fifty-two week high of $32.31. The firm has a market capitalization of $1,690.00, a price-to-earnings ratio of 8.46 and a beta of 0.51. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.83 and a quick ratio of 0.54.

Alliance Holdings GP (NASDAQ:AHGP) last announced its quarterly earnings data on Monday, October 30th. The energy company reported $0.65 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.26). Alliance Holdings GP had a net margin of 10.76% and a return on equity of 17.78%. The business had revenue of $453.09 million during the quarter, compared to analyst estimates of $486.80 million. During the same quarter in the prior year, the company earned $0.81 earnings per share. The company’s quarterly revenue was down 17.9% on a year-over-year basis. equities research analysts anticipate that Alliance Holdings GP will post 3.15 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. increased its position in shares of Alliance Holdings GP by 2.7% during the second quarter. Principal Financial Group Inc. now owns 15,153 shares of the energy company’s stock worth $359,000 after acquiring an additional 400 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Alliance Holdings GP by 63.5% during the second quarter. Wells Fargo & Company MN now owns 460,828 shares of the energy company’s stock worth $10,922,000 after acquiring an additional 179,012 shares in the last quarter. Advisor Group Inc. increased its position in shares of Alliance Holdings GP by 9.3% during the second quarter. Advisor Group Inc. now owns 5,125 shares of the energy company’s stock worth $122,000 after acquiring an additional 434 shares in the last quarter. Parallax Volatility Advisers L.P. increased its position in shares of Alliance Holdings GP by 52.6% during the second quarter. Parallax Volatility Advisers L.P. now owns 19,901 shares of the energy company’s stock worth $472,000 after acquiring an additional 6,862 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Alliance Holdings GP by 9.3% during the second quarter. Goldman Sachs Group Inc. now owns 170,593 shares of the energy company’s stock worth $4,043,000 after acquiring an additional 14,560 shares in the last quarter. Institutional investors own 20.92% of the company’s stock.

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About Alliance Holdings GP

Alliance Holdings GP, L.P. (AHGP) is a limited partnership company. The Company owns directly and indirectly the members’ interest in Alliance Resource Management GP, LLC (MGP), the managing general partner of Alliance Resource Partners, L.P. (ARLP). The Company’s segments include Illinois Basin, Appalachia, and Other and Corporate.

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