Alliance Resource Partners (ARLP) Upgraded to “B” at TheStreet

Alliance Resource Partners (NASDAQ:ARLP) was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating in a research note issued to investors on Monday, October 29th.

A number of other analysts have also weighed in on ARLP. ValuEngine raised shares of Alliance Resource Partners from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. Zacks Investment Research raised shares of Alliance Resource Partners from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Tuesday, July 3rd. Finally, BidaskClub raised shares of Alliance Resource Partners from a “strong sell” rating to a “sell” rating in a research note on Saturday, July 21st. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $23.20.

Shares of Alliance Resource Partners stock traded up $0.29 during midday trading on Monday, reaching $19.35. The company had a trading volume of 358,785 shares, compared to its average volume of 661,092. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 0.85. The firm has a market cap of $2.48 billion, a P/E ratio of 6.74 and a beta of 0.79. Alliance Resource Partners has a 1-year low of $15.55 and a 1-year high of $21.90.

Alliance Resource Partners (NASDAQ:ARLP) last issued its quarterly earnings results on Monday, October 29th. The energy company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.20). The company had revenue of $497.80 million during the quarter, compared to analyst estimates of $506.23 million. Alliance Resource Partners had a net margin of 19.96% and a return on equity of 25.32%. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.52 EPS. On average, sell-side analysts expect that Alliance Resource Partners will post 2.53 EPS for the current year.

A number of hedge funds have recently made changes to their positions in ARLP. Whittier Trust Co. bought a new position in Alliance Resource Partners in the third quarter valued at approximately $146,000. Moody Aldrich Partners LLC bought a new position in shares of Alliance Resource Partners during the third quarter worth $248,000. Intrust Bank NA boosted its position in shares of Alliance Resource Partners by 36.1% during the second quarter. Intrust Bank NA now owns 14,438 shares of the energy company’s stock worth $265,000 after purchasing an additional 3,831 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Alliance Resource Partners by 29.0% during the second quarter. Commonwealth Equity Services LLC now owns 16,478 shares of the energy company’s stock worth $302,000 after purchasing an additional 3,708 shares in the last quarter. Finally, CLS Investments LLC bought a new position in shares of Alliance Resource Partners during the third quarter worth $363,000. 29.38% of the stock is currently owned by hedge funds and other institutional investors.

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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