B. Riley Lowers Alliance Resource Partners (NASDAQ:ARLP) to Neutral

B. Riley cut shares of Alliance Resource Partners (NASDAQ:ARLP) from a buy rating to a neutral rating in a report issued on Wednesday morning, BenzingaRatingsTable reports. The firm currently has $20.00 price objective on the energy company’s stock, down from their previous price objective of $22.00. B. Riley also issued estimates for Alliance Resource Partners’ Q2 2019 earnings at $0.54 EPS, Q3 2019 earnings at $0.62 EPS and FY2020 earnings at $1.51 EPS.

A number of other equities analysts have also weighed in on ARLP. Zacks Investment Research lowered EXACT Sciences from a hold rating to a sell rating in a research note on Tuesday, July 2nd. ValuEngine lowered Verso from a hold rating to a sell rating in a research note on Thursday, May 23rd. Clarkson Capital assumed coverage on Alliance Resource Partners in a research note on Tuesday, July 9th. They issued a buy rating and a $20.00 price objective for the company. Finally, BidaskClub lowered Ames National from a hold rating to a sell rating in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. Alliance Resource Partners has an average rating of Hold and a consensus price target of $20.33.

Shares of ARLP opened at $16.96 on Wednesday. The stock has a market capitalization of $2.18 billion, a PE ratio of 5.83 and a beta of 0.92. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.70 and a current ratio of 0.94. The stock has a 50-day moving average of $17.27. Alliance Resource Partners has a 52 week low of $16.50 and a 52 week high of $20.99.



Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly earnings data on Monday, April 29th. The energy company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.34. The firm had revenue of $526.60 million during the quarter, compared to analyst estimates of $523.00 million. Alliance Resource Partners had a return on equity of 30.52% and a net margin of 23.51%. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.16 earnings per share. Equities research analysts forecast that Alliance Resource Partners will post 3.1 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ARLP. Valeo Financial Advisors LLC boosted its stake in shares of Alliance Resource Partners by 185.7% in the second quarter. Valeo Financial Advisors LLC now owns 3,525 shares of the energy company’s stock worth $60,000 after acquiring an additional 2,291 shares during the period. NEXT Financial Group Inc bought a new position in shares of Alliance Resource Partners in the second quarter worth about $60,000. Arlington Partners LLC bought a new position in Alliance Resource Partners during the second quarter valued at approximately $114,000. Bessemer Group Inc. bought a new position in Alliance Resource Partners during the second quarter valued at approximately $192,000. Finally, Aveo Capital Partners LLC bought a new position in Alliance Resource Partners during the first quarter valued at approximately $203,000. 25.00% of the stock is 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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