Alliance Resource Partners (ARLP) Upgraded at BidaskClub

Alliance Resource Partners (NASDAQ:ARLP) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Saturday.

Other equities analysts have also recently issued reports about the stock. ValuEngine raised shares of Alliance Resource Partners from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research raised shares of Alliance Resource Partners from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Friday, February 2nd. B. Riley reissued a “buy” rating and set a $30.00 price target on shares of Alliance Resource Partners in a research report on Tuesday, January 30th. Finally, Stifel Nicolaus set a $22.00 price objective on shares of Alliance Resource Partners and gave the stock a “hold” rating in a report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Alliance Resource Partners currently has an average rating of “Hold” and a consensus target price of $26.25.

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ARLP stock opened at $17.65 on Friday. The firm has a market cap of $2,326.53, a price-to-earnings ratio of 5.90 and a beta of 0.76. Alliance Resource Partners has a 52-week low of $17.25 and a 52-week high of $23.45. The company has a current ratio of 0.97, a quick ratio of 0.76 and a debt-to-equity ratio of 0.41.

Alliance Resource Partners (NASDAQ:ARLP) last announced its quarterly earnings results on Monday, January 29th. The energy company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.03). The firm had revenue of $483.00 million for the quarter, compared to the consensus estimate of $478.15 million. Alliance Resource Partners had a return on equity of 26.79% and a net margin of 16.90%. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.30 earnings per share. research analysts anticipate that Alliance Resource Partners will post 2.24 EPS for the current year.

Large investors have recently modified their holdings of the stock. Advantage Investment Management LLC raised its holdings in shares of Alliance Resource Partners by 1,441.2% during the fourth quarter. Advantage Investment Management LLC now owns 5,317 shares of the energy company’s stock worth $105,000 after acquiring an additional 4,972 shares during the period. TCI Wealth Advisors Inc. raised its holdings in shares of Alliance Resource Partners by 66.0% during the fourth quarter. TCI Wealth Advisors Inc. now owns 6,638 shares of the energy company’s stock worth $131,000 after acquiring an additional 2,638 shares during the period. Tower Research Capital LLC TRC acquired a new stake in shares of Alliance Resource Partners during the fourth quarter worth $132,000. Schroder Investment Management Group acquired a new stake in shares of Alliance Resource Partners during the fourth quarter worth $167,000. Finally, Huntington National Bank acquired a new stake in shares of Alliance Resource Partners during the fourth quarter worth $188,000. Institutional investors and hedge funds own 14.33% of the company’s stock.

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About Alliance Resource Partners

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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