ARLP has been the topic of a number of other reports. Zacks Investment Research cut shares of EXACT Sciences from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. ValuEngine cut shares of Verso from a “hold” rating to a “sell” rating in a research note on Thursday, May 23rd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $20.50.
Shares of ARLP opened at $17.71 on Friday. Alliance Resource Partners has a 12 month low of $16.50 and a 12 month high of $20.99. The stock’s 50 day simple moving average is $17.27. The company has a market capitalization of $2.27 billion, a PE ratio of 6.09 and a beta of 0.92. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.94 and a quick ratio of 0.70.
Alliance Resource Partners (NASDAQ:ARLP) last announced its earnings results on Monday, April 29th. The energy company reported $1.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.34. Alliance Resource Partners had a net margin of 23.51% and a return on equity of 30.52%. The company had revenue of $526.60 million for the quarter, compared to analysts’ expectations of $523.00 million. During the same period last year, the firm earned $1.16 earnings per share. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. As a group, sell-side analysts forecast that Alliance Resource Partners will post 3.1 EPS for the current year.
Several large investors have recently modified their holdings of ARLP. First Trust Advisors LP acquired a new position in shares of Alliance Resource Partners during the 4th quarter valued at $389,000. LPL Financial LLC grew its holdings in shares of Alliance Resource Partners by 33.8% in the 4th quarter. LPL Financial LLC now owns 53,287 shares of the energy company’s stock worth $924,000 after acquiring an additional 13,453 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Alliance Resource Partners by 8.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 28,750 shares of the energy company’s stock worth $498,000 after acquiring an additional 2,184 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Alliance Resource Partners by 26.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 40,705 shares of the energy company’s stock worth $705,000 after acquiring an additional 8,442 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of Alliance Resource Partners by 931.0% in the 4th quarter. Hsbc Holdings PLC now owns 174,948 shares of the energy company’s stock worth $3,033,000 after acquiring an additional 157,980 shares during the last quarter. Institutional investors own 25.00% of the company’s stock.
Alliance Resource Partners Company Profile
Alliance Resource Partners, L.P. produces and markets coal primarily to utilities and industrial users in the United States. The company operates through two segments, Illinois Basin and Appalachia. It produces a range of steam and metallurgical coal with sulfur and heat contents. The company operates eight underground mining complexes in Illinois, Indiana, Kentucky, Maryland, and West Virginia.
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