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Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) were the recipient of a significant decline in short interest during the month of June. As of June 13th, there was short interest totalling 384,116 shares, a decline of 38.9% from the May 30th total of 629,055 shares, American Banking & Market News reports. Based on an average daily volume of 85,022 shares, the short-interest ratio is presently 4.5 days. Approximately 0.9% of the shares of the stock are short sold.

A number of research firms have recently commented on ARLP. Analysts at Zacks upgraded shares of Alliance Resource Partners, L.P. from a “neutral” rating to an “outperform” rating in a research note on Monday, June 9th. They now have a $47.65 price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Alliance Resource Partners, L.P. from $37.50 to $47.50 in a research note on Friday, May 2nd. They now have a “hold” rating on the stock. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of Alliance Resource Partners, L.P. in a research note on Tuesday, April 29th. They now have a $50.00 price target on the stock. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $46.09.

Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) opened at 46.91 on Thursday. Alliance Resource Partners, L.P. has a 1-year low of $34.00 and a 1-year high of $48.02. The stock has a 50-day moving average of $45.41 and a 200-day moving average of $42.3. The company has a market cap of $3.474 billion and a P/E ratio of 12.51.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) last posted its quarterly earnings results on Monday, April 28th. The company reported $2.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.73 by $0.47. The company had revenue of $542.04 million for the quarter, compared to the consensus estimate of $552.34 million. During the same quarter last year, the company posted $1.95 earnings per share. Alliance Resource Partners, L.P.’s revenue was down 1.1% compared to the same quarter last year. Analysts expect that Alliance Resource Partners, L.P. will post $4.21 EPS for the current fiscal year.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) is a producer and marketer of coals to United States utilities and industrial users.

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