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Alliance Resource Partners, L.P. (NASDAQ:ARLP) COO Thomas M. Wynne sold 4,941 shares of Alliance Resource Partners, L.P. stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $50.49, for a total transaction of $249,471.09. Following the completion of the sale, the chief operating officer now directly owns 27,029 shares of the company’s stock, valued at approximately $1,364,694. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) traded down 0.20% during mid-day trading on Thursday, hitting $49.62. The stock had a trading volume of 26,143 shares. Alliance Resource Partners, L.P. has a 1-year low of $34.00 and a 1-year high of $53.84. The stock has a 50-day moving average of $48.55 and a 200-day moving average of $45.07. The company has a market cap of $3.675 billion and a price-to-earnings ratio of 12.01.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) last released its earnings data on Monday, July 28th. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.37. The company had revenue of $598.56 million for the quarter, compared to the consensus estimate of $574.31 million. During the same quarter in the previous year, the company posted $1.96 earnings per share. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. Analysts expect that Alliance Resource Partners, L.P. will post $4.64 EPS for the current fiscal year.

A number of research firms have recently commented on ARLP. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Alliance Resource Partners, L.P. in a research note on Tuesday, July 29th. They now have a $56.00 price target on the stock, up previously from $50.00. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Alliance Resource Partners, L.P. in a research note on Tuesday, July 29th. They now have a $50.00 price target on the stock, up previously from $47.50. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of Alliance Resource Partners, L.P. in a research note on Tuesday, July 29th. They now have a $56.00 price target on the stock, up previously from $52.00. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $52.90.

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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