Alliance Resource Partners (NASDAQ:ARLP) Raised to “Sell” at BidaskClub

BidaskClub upgraded shares of Alliance Resource Partners (NASDAQ:ARLP) from a strong sell rating to a sell rating in a research note issued to investors on Tuesday, December 19th.

Other equities analysts have also issued reports about the stock. B. Riley reissued a buy rating on shares of Alliance Resource Partners in a research report on Wednesday, November 1st. FBR & Co set a $30.00 price target on shares of Alliance Resource Partners and gave the stock a buy rating in a research report on Tuesday, October 31st. ValuEngine raised shares of Alliance Resource Partners from a hold rating to a buy rating in a research report on Monday, October 2nd. Stifel Nicolaus reduced their price target on shares of Alliance Resource Partners from $22.00 to $21.00 and set a hold rating for the company in a research report on Wednesday, November 15th. Finally, Zacks Investment Research raised shares of Alliance Resource Partners from a sell rating to a hold rating in a research report on Thursday, November 2nd. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Alliance Resource Partners currently has a consensus rating of Buy and an average target price of $25.32.

Alliance Resource Partners (NASDAQ:ARLP) traded down $0.30 during mid-day trading on Tuesday, reaching $20.80. 494,879 shares of the company were exchanged, compared to its average volume of 335,914. The firm has a market cap of $2,720.00, a PE ratio of 5.42 and a beta of 0.74. The company has a quick ratio of 0.53, a current ratio of 0.82 and a debt-to-equity ratio of 0.39. Alliance Resource Partners has a one year low of $17.60 and a one year high of $25.55.

Alliance Resource Partners (NASDAQ:ARLP) last released its earnings results on Monday, October 30th. The energy company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.13). Alliance Resource Partners had a return on equity of 31.11% and a net margin of 18.96%. The company had revenue of $453.19 million during the quarter, compared to analyst estimates of $474.34 million. During the same quarter last year, the business earned $0.91 earnings per share. The firm’s revenue for the quarter was down 17.9% on a year-over-year basis. sell-side analysts anticipate that Alliance Resource Partners will post 3.06 earnings per share for the current year.

Several large investors have recently bought and sold shares of ARLP. Principal Financial Group Inc. increased its holdings in shares of Alliance Resource Partners by 959.6% during the 2nd quarter. Principal Financial Group Inc. now owns 1,509,653 shares of the energy company’s stock valued at $28,532,000 after purchasing an additional 1,367,177 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Alliance Resource Partners during the 2nd quarter valued at approximately $7,600,000. Goldman Sachs Group Inc. increased its holdings in shares of Alliance Resource Partners by 26.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 967,641 shares of the energy company’s stock valued at $18,289,000 after purchasing an additional 201,213 shares in the last quarter. ING Groep NV purchased a new position in shares of Alliance Resource Partners during the 3rd quarter valued at approximately $1,935,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Alliance Resource Partners by 12.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 843,816 shares of the energy company’s stock valued at $15,738,000 after purchasing an additional 94,379 shares in the last quarter. 14.36% of the stock is owned by hedge funds and other institutional investors.

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Alliance Resource Partners Company Profile

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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