Alliance Resource Partners, L.P. (NASDAQ:ARLP) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totalling 2,826,200 shares, a growth of 33.1% from the May 30th total of 2,123,800 shares. Based on an average daily trading volume, of 487,900 shares, the short-interest ratio is presently 5.8 days. Currently, 3.3% of the company’s shares are sold short.
A number of equities analysts have issued reports on the company. ValuEngine cut Verso from a “hold” rating to a “sell” rating in a report on Thursday, May 23rd. BidaskClub upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a report on Saturday, July 6th. Zacks Investment Research cut EXACT Sciences from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, Clarkson Capital assumed coverage on Alliance Resource Partners in a report on Tuesday. They set a “buy” rating and a $20.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $20.50.
Alliance Resource Partners stock opened at $17.86 on Friday. Alliance Resource Partners has a 52-week low of $16.50 and a 52-week high of $20.99. The stock’s 50 day simple moving average is $17.27. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.94 and a quick ratio of 0.70. The company has a market cap of $2.29 billion, a PE ratio of 7.32 and a beta of 0.92.
Alliance Resource Partners (NASDAQ:ARLP) last issued its earnings results on Monday, April 29th. The energy company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.34. Alliance Resource Partners had a return on equity of 30.52% and a net margin of 23.51%. The company had revenue of $526.60 million for the quarter, compared to analysts’ expectations of $523.00 million. During the same period last year, the business earned $1.16 EPS. Alliance Resource Partners’s quarterly revenue was up 15.2% compared to the same quarter last year. Sell-side analysts expect that Alliance Resource Partners will post 3.1 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Chicago Partners Investment Group LLC lifted its holdings in shares of Alliance Resource Partners by 2.4% in the 1st quarter. Chicago Partners Investment Group LLC now owns 25,188 shares of the energy company’s stock worth $469,000 after purchasing an additional 588 shares in the last quarter. Jackson Hole Capital Partners LLC lifted its holdings in shares of Alliance Resource Partners by 0.8% in the 1st quarter. Jackson Hole Capital Partners LLC now owns 97,066 shares of the energy company’s stock worth $1,976,000 after purchasing an additional 772 shares in the last quarter. Chiron Investment Management LLC lifted its holdings in shares of Alliance Resource Partners by 19.6% in the 4th quarter. Chiron Investment Management LLC now owns 9,784 shares of the energy company’s stock worth $170,000 after purchasing an additional 1,600 shares in the last quarter. Abacus Planning Group Inc. bought a new position in shares of Alliance Resource Partners in the 4th quarter worth $246,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Alliance Resource Partners by 8.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 28,750 shares of the energy company’s stock worth $498,000 after purchasing an additional 2,184 shares in the last quarter. Institutional investors own 25.00% of the company’s stock.
Alliance Resource Partners Company Profile
Alliance Resource Partners, L.P. produces and markets coal primarily to utilities and industrial users in the United States. The company operates through two segments, Illinois Basin and Appalachia. It produces a range of steam and metallurgical coal with sulfur and heat contents. The company operates eight underground mining complexes in Illinois, Indiana, Kentucky, Maryland, and West Virginia.
Further Reading: Fundamental Analysis and Individual Investors
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