Alliance Resource Partners, L.P. (NASDAQ:ARLP) Receives Average Recommendation of “Hold” from Brokerages

Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) have earned an average recommendation of “Hold” from the eight research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $20.67.

ARLP has been the subject of a number of research analyst reports. Clarkson Capital initiated coverage on shares of Alliance Resource Partners in a research note on Tuesday, July 9th. They issued a “buy” rating and a $20.00 price target for the company. BidaskClub upgraded shares of Alliance Resource Partners from a “strong sell” rating to a “sell” rating in a research note on Wednesday. ValuEngine upgraded shares of Alliance Resource Partners from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Seaport Global Securities lowered shares of Alliance Resource Partners from a “buy” rating to a “neutral” rating in a research report on Monday, July 29th. Finally, TheStreet lowered shares of Alliance Resource Partners from a “b-” rating to a “c+” rating in a research report on Monday, August 19th.

In related news, Director Robert J. Druten sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $17.13, for a total transaction of $205,560.00. Following the completion of the sale, the director now directly owns 25,628 shares in the company, valued at $439,007.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Wilson M. Torrence bought 5,600 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were acquired at an average price of $15.42 per share, with a total value of $86,352.00. Following the completion of the transaction, the director now directly owns 39,096 shares of the company’s stock, valued at approximately $602,860.32. The disclosure for this purchase can be found here. Insiders own 44.03% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Arlington Partners LLC purchased a new position in Alliance Resource Partners during the second quarter valued at approximately $114,000. Valeo Financial Advisors LLC lifted its holdings 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 buying an additional 2,291 shares in the last quarter. Adams Asset Advisors LLC lifted its holdings in shares of Alliance Resource Partners by 0.8% in the second quarter. Adams Asset Advisors LLC now owns 368,593 shares of the energy company’s stock worth $6,258,000 after buying an additional 3,072 shares in the last quarter. Dividend Assets Capital LLC lifted its holdings in shares of Alliance Resource Partners by 15.8% in the second quarter. Dividend Assets Capital LLC now owns 124,575 shares of the energy company’s stock worth $2,115,000 after buying an additional 16,975 shares in the last quarter. Finally, NEXT Financial Group Inc purchased a new position in shares of Alliance Resource Partners in the second quarter worth $60,000. Institutional investors own 22.84% of the company’s stock.

Shares of ARLP stock opened at $13.81 on Friday. The company has a 50 day moving average price of $15.08 and a 200-day moving average price of $19.72. Alliance Resource Partners has a 52 week low of $13.40 and a 52 week high of $20.78. The firm has a market capitalization of $1.82 billion, a PE ratio of 5.66 and a beta of 0.95. The company has a quick ratio of 0.76, a current ratio of 1.02 and a debt-to-equity ratio of 0.35.

Alliance Resource Partners (NASDAQ:ARLP) last announced its quarterly earnings results on Friday, July 26th. The energy company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.21). Alliance Resource Partners had a return on equity of 27.63% and a net margin of 22.14%. The company had revenue of $517.10 million during the quarter, compared to the consensus estimate of $531.10 million. During the same quarter in the prior year, the firm earned $0.64 earnings per share. The business’s revenue was up .2% compared to the same quarter last year. Analysts anticipate that Alliance Resource Partners will post 2.41 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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