Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) have earned a consensus rating of “Buy” from the nine research firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $27.32.

ARLP has been the subject of several research analyst reports. Zacks Investment Research lowered shares of Alliance Resource Partners, L.P. from a “buy” rating to a “sell” rating in a report on Tuesday, April 4th. FBR & Co reiterated an “outperform” rating and set a $29.00 target price (up from $27.00) on shares of Alliance Resource Partners, L.P. in a report on Tuesday, May 2nd. BidaskClub upgraded shares of Alliance Resource Partners, L.P. from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Finally, ValuEngine lowered shares of Alliance Resource Partners, L.P. from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd.

Institutional investors have recently modified their holdings of the company. Tiedemann Wealth Management LLC increased its position in Alliance Resource Partners, L.P. by 380.2% in the first quarter. Tiedemann Wealth Management LLC now owns 308,077 shares of the energy company’s stock worth $6,670,000 after buying an additional 243,925 shares in the last quarter. Airain ltd acquired a new position in Alliance Resource Partners, L.P. during the first quarter worth about $623,000. Rational Advisors LLC acquired a new position in Alliance Resource Partners, L.P. during the first quarter worth about $271,000. Magnolia Group LLC increased its position in Alliance Resource Partners, L.P. by 38.7% in the first quarter. Magnolia Group LLC now owns 1,079,078 shares of the energy company’s stock worth $23,362,000 after buying an additional 301,248 shares in the last quarter. Finally, Intrust Bank NA acquired a new position in Alliance Resource Partners, L.P. during the first quarter worth about $221,000. Institutional investors and hedge funds own 25.90% of the company’s stock.

Alliance Resource Partners, L.P. (ARLP) traded down 0.72% during mid-day trading on Tuesday, reaching $20.60. The company had a trading volume of 116,485 shares. Alliance Resource Partners, L.P. has a one year low of $17.10 and a one year high of $26.65.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) last issued its quarterly earnings data on Monday, May 1st. The energy company reported $1.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.29. Alliance Resource Partners, L.P. had a return on equity of 37.37% and a net margin of 20.05%. The company had revenue of $461.08 million for the quarter, compared to the consensus estimate of $455.55 million. During the same quarter last year, the business posted $0.36 earnings per share. The firm’s revenue was up 11.7% compared to the same quarter last year. On average, equities research analysts anticipate that Alliance Resource Partners, L.P. will post $3.28 EPS for the current year.

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Alliance Resource Partners, L.P. 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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