Alliance Resource Partners, L.P. (NASDAQ:ARLP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Thursday.

According to Zacks, “ALLIANCE RESOURCES is a diversified producer and marketer of coal to major U.S. utilities and industrial users. They currently operate mining complexes in Illinois, Indiana, Kentucky and Maryland. Some of their mining complexes are underground and one has both surface and underground mines. They produce a diverse range of steam coals with varying sulfur and heat contents, which enable them to satisfy the broad range of specifications demanded by their customers. “

ARLP has been the subject of several other reports. ValuEngine cut Alliance Resource Partners, L.P. from a “buy” rating to a “hold” rating in a research report on Friday, September 8th. BidaskClub cut Alliance Resource Partners, L.P. from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. Finally, FBR & Co set a $30.00 target price on Alliance Resource Partners, L.P. and gave the stock a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $26.12.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) last issued its earnings results on Monday, October 30th. The energy company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.13). The firm had revenue of $453.19 million during the quarter, compared to the consensus estimate of $474.34 million. Alliance Resource Partners, L.P. had a return on equity of 31.27% and a net margin of 18.96%. The firm’s revenue for the quarter was down 17.9% compared to the same quarter last year. During the same period last year, the business earned $0.91 earnings per share.

ILLEGAL ACTIVITY WARNING: This news story was first reported by American Banking News and is owned by of American Banking News. If you are reading this news story on another site, it was illegally stolen and reposted in violation of US and international trademark & copyright law. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2017/11/02/alliance-resource-partners-l-p-arlp-rating-increased-to-hold-at-zacks-investment-research.html.

In other Alliance Resource Partners, L.P. news, Director John P. Neafsey purchased 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was acquired at an average cost of $19.55 per share, with a total value of $195,500.00. Following the completion of the acquisition, the director now directly owns 51,604 shares of the company’s stock, valued at approximately $1,008,858.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 44.03% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc raised its holdings in shares of Alliance Resource Partners, L.P. by 2.8% in the second quarter. IFP Advisors Inc now owns 13,729 shares of the energy company’s stock valued at $259,000 after buying an additional 373 shares during the last quarter. Algert Global LLC raised its holdings in shares of Alliance Resource Partners, L.P. by 0.8% in the second quarter. Algert Global LLC now owns 59,305 shares of the energy company’s stock valued at $1,121,000 after buying an additional 470 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of Alliance Resource Partners, L.P. by 5.9% in the second quarter. Alliancebernstein L.P. now owns 10,284 shares of the energy company’s stock valued at $194,000 after buying an additional 576 shares during the last quarter. QS Investors LLC raised its holdings in shares of Alliance Resource Partners, L.P. by 19.3% in the second quarter. QS Investors LLC now owns 13,112 shares of the energy company’s stock valued at $248,000 after buying an additional 2,117 shares during the last quarter. Finally, Mariner Wealth Advisors LLC raised its holdings in shares of Alliance Resource Partners, L.P. by 19.6% in the second quarter. Mariner Wealth Advisors LLC now owns 15,268 shares of the energy company’s stock valued at $289,000 after buying an additional 2,500 shares during the last quarter. 14.93% of the stock is owned by institutional investors and hedge funds.

About Alliance Resource Partners, L.P.

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.

Get a free copy of the Zacks research report on Alliance Resource Partners, L.P. (ARLP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Alliance Resource Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliance Resource Partners L.P. and related companies with MarketBeat.com's FREE daily email newsletter.