Alliance Resource Partners, L.P. (NASDAQ:ARLP) has been assigned a consensus recommendation of “Hold” from the nine analysts that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $16.33.
ARLP has been the topic of several research analyst reports. BidaskClub cut shares of Alliance Resource Partners from a “sell” rating to a “strong sell” rating in a research note on Tuesday, February 4th. ValuEngine raised shares of Alliance Resource Partners from a “sell” rating to a “hold” rating in a research note on Friday, March 20th. Zacks Investment Research cut shares of Alliance Resource Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, March 17th. Benchmark began coverage on shares of Alliance Resource Partners in a research note on Tuesday, February 4th. They set a “buy” rating on the stock. Finally, B. Riley reduced their price objective on shares of Alliance Resource Partners from $11.00 to $7.00 and set a “neutral” rating on the stock in a research note on Tuesday.
Large investors have recently modified their holdings of the stock. Abacus Planning Group Inc. raised its holdings in shares of Alliance Resource Partners by 13.0% during the fourth quarter. Abacus Planning Group Inc. now owns 35,042 shares of the energy company’s stock worth $379,000 after acquiring an additional 4,042 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in Alliance Resource Partners by 11.3% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 56,975 shares of the energy company’s stock valued at $616,000 after buying an additional 5,800 shares during the last quarter. Meritage Portfolio Management increased its stake in Alliance Resource Partners by 31.4% in the 4th quarter. Meritage Portfolio Management now owns 209,030 shares of the energy company’s stock valued at $2,262,000 after buying an additional 49,946 shares during the last quarter. Independent Family Office LLC acquired a new stake in Alliance Resource Partners in the 4th quarter valued at $108,000. Finally, TCI Wealth Advisors Inc. increased its stake in Alliance Resource Partners by 107.5% in the 4th quarter. TCI Wealth Advisors Inc. now owns 10,524 shares of the energy company’s stock valued at $114,000 after buying an additional 5,451 shares during the last quarter. Institutional investors and hedge funds own 20.45% of the company’s stock.
Shares of ARLP traded up $0.04 during mid-day trading on Monday, hitting $3.90. 5,660 shares of the company traded hands, compared to its average volume of 1,016,529. Alliance Resource Partners has a one year low of $3.03 and a one year high of $20.65. The company has a current ratio of 1.63, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average of $6.42 and a 200 day moving average of $10.82. The stock has a market capitalization of $489.68 million, a price-to-earnings ratio of 1.27 and a beta of 1.02.
Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly earnings results on Monday, January 27th. The energy company reported $0.20 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.20. Alliance Resource Partners had a net margin of 20.36% and a return on equity of 20.17%. The business had revenue of $453.30 million for the quarter, compared to analysts’ expectations of $463.00 million. During the same period in the prior year, the firm earned $0.63 earnings per share. Alliance Resource Partners’s revenue was down 14.8% compared to the same quarter last year. As a group, analysts anticipate that Alliance Resource Partners will post 0.69 earnings per share for the current year.
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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