Alliance Resource Partners, L.P. (NASDAQ:ARLP) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Friday.

A number of other equities research analysts also recently issued reports on the company. BidaskClub upgraded Alliance Resource Partners, L.P. from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 29th. Zacks Investment Research downgraded Alliance Resource Partners, L.P. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Alliance Resource Partners, L.P. presently has a consensus rating of “Buy” and a consensus price target of $26.93.

Shares of Alliance Resource Partners, L.P. (NASDAQ ARLP) traded down 2.43% during trading on Friday, reaching $18.10. 209,357 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $18.93 and a 200 day moving average price of $20.93. Alliance Resource Partners, L.P. has a 12 month low of $17.65 and a 12 month high of $26.65. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 4.37 and a beta of 0.69.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) last released its quarterly earnings results on Monday, July 31st. The energy company reported $0.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.09. The business had revenue of $398.72 million during the quarter, compared to the consensus estimate of $447.68 million. Alliance Resource Partners, L.P. had a return on equity of 34.60% and a net margin of 19.47%. The business’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.82 EPS. On average, analysts forecast that Alliance Resource Partners, L.P. will post $2.89 EPS for the current year.

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In related news, Director John P. Neafsey acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was bought at an average cost of $19.55 per share, for a total transaction of $195,500.00. Following the purchase, the director now owns 51,604 shares in the company, valued at approximately $1,008,858.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 44.03% of the company’s stock.

Several large investors have recently made changes to their positions in ARLP. Principal Financial Group Inc. grew its stake in shares of Alliance Resource Partners, L.P. by 959.6% during the 2nd quarter. Principal Financial Group Inc. now owns 1,509,653 shares of the energy company’s stock valued at $28,532,000 after acquiring an additional 1,367,177 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of Alliance Resource Partners, L.P. during the 2nd quarter valued at approximately $7,600,000. Acadian Asset Management LLC grew its stake in shares of Alliance Resource Partners, L.P. by 27.2% during the 2nd quarter. Acadian Asset Management LLC now owns 1,600,029 shares of the energy company’s stock valued at $30,239,000 after acquiring an additional 341,842 shares during the period. Tiedemann Wealth Management LLC grew its stake in shares of Alliance Resource Partners, L.P. by 380.2% during the 1st quarter. Tiedemann Wealth Management LLC now owns 308,077 shares of the energy company’s stock valued at $6,670,000 after acquiring an additional 243,925 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in shares of Alliance Resource Partners, L.P. by 26.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 967,641 shares of the energy company’s stock valued at $18,289,000 after acquiring an additional 201,213 shares during the period. Institutional investors own 16.07% of the company’s stock.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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