Alliance Resource Partners (NASDAQ:ARLP) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a report released on Friday.

A number of other research analysts also recently weighed in on the stock. Stifel Nicolaus decreased their target price on shares of Alliance Resource Partners from $22.00 to $21.00 and set a “hold” rating for the company in a research report on Wednesday, November 15th. Zacks Investment Research downgraded shares of Alliance Resource Partners from a “buy” rating to a “sell” rating in a research report on Friday, October 27th. FBR & Co set a $30.00 price objective on shares of Alliance Resource Partners and gave the company a “buy” rating in a research report on Tuesday, October 31st. BidaskClub downgraded shares of Alliance Resource Partners from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. Finally, B. Riley reissued a “buy” rating on shares of Alliance Resource Partners in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $25.27.

Alliance Resource Partners (NASDAQ:ARLP) traded up $0.18 during trading on Friday, reaching $18.43. 238,679 shares of the company were exchanged, compared to its average volume of 252,816. The company has a market capitalization of $2,408.22, a P/E ratio of 4.84 and a beta of 0.74. Alliance Resource Partners has a 1-year low of $17.65 and a 1-year high of $25.95. The company has a current ratio of 0.82, a quick ratio of 0.53 and a debt-to-equity ratio of 0.39.

Alliance Resource Partners (NASDAQ:ARLP) last released its earnings results on Monday, October 30th. The energy company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.13). The business had revenue of $453.19 million during the quarter, compared to the consensus estimate of $474.34 million. Alliance Resource Partners had a net margin of 18.96% and a return on equity of 31.11%. The firm’s revenue for the quarter was down 17.9% on a year-over-year basis. During the same period last year, the business posted $0.91 EPS. analysts predict that Alliance Resource Partners will post 3.06 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Chicago Partners Investment Group LLC grew its position in shares of Alliance Resource Partners by 58.8% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 30,876 shares of the energy company’s stock valued at $597,000 after acquiring an additional 11,435 shares during the period. Sheaff Brock Investment Advisors LLC bought a new position in shares of Alliance Resource Partners in the 3rd quarter valued at about $219,000. Stifel Financial Corp bought a new position in shares of Alliance Resource Partners in the 3rd quarter valued at about $196,000. JPMorgan Chase & Co. grew its position in shares of Alliance Resource Partners by 12.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 843,816 shares of the energy company’s stock valued at $15,738,000 after acquiring an additional 94,379 shares during the period. Finally, ING Groep NV bought a new position in shares of Alliance Resource Partners in the 3rd quarter valued at about $1,935,000. 14.49% of the stock is owned by institutional investors.

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Alliance Resource Partners 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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Analyst Recommendations for Alliance Resource Partners (NASDAQ:ARLP)

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