Alliance Resource Partners (NASDAQ:ARLP) Raised to “Strong-Buy” at StockNews.com

Alliance Resource Partners (NASDAQ:ARLP) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Thursday.

Separately, Benchmark raised their target price on Alliance Resource Partners from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th.

Alliance Resource Partners Stock Down 4.2 %

ARLP stock opened at $25.68 on Thursday. The company has a current ratio of 2.53, a quick ratio of 1.80 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average of $24.79 and a two-hundred day moving average of $24.15. Alliance Resource Partners has a 12 month low of $18.32 and a 12 month high of $27.80. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 7.30 and a beta of 1.14.

Alliance Resource Partners (NASDAQ:ARLP) last posted its quarterly earnings results on Monday, October 28th. The energy company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.16). Alliance Resource Partners had a net margin of 18.52% and a return on equity of 23.80%. The company had revenue of $613.57 million during the quarter, compared to analysts’ expectations of $646.17 million. During the same quarter last year, the company earned $1.18 earnings per share. As a group, analysts forecast that Alliance Resource Partners will post 3.2 earnings per share for the current fiscal year.

Institutional Trading of Alliance Resource Partners

Institutional investors have recently made changes to their positions in the company. American Financial Group Inc. increased its stake in Alliance Resource Partners by 2.0% during the first quarter. American Financial Group Inc. now owns 25,500 shares of the energy company’s stock worth $511,000 after acquiring an additional 500 shares during the last quarter. BCS Wealth Management grew its holdings in shares of Alliance Resource Partners by 3.0% during the 2nd quarter. BCS Wealth Management now owns 18,439 shares of the energy company’s stock worth $451,000 after purchasing an additional 536 shares during the period. Andina Capital Management LLC increased its position in shares of Alliance Resource Partners by 3.9% during the 2nd quarter. Andina Capital Management LLC now owns 14,426 shares of the energy company’s stock worth $353,000 after purchasing an additional 537 shares during the last quarter. J.W. Cole Advisors Inc. raised its holdings in Alliance Resource Partners by 3.8% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 21,746 shares of the energy company’s stock valued at $544,000 after buying an additional 797 shares during the period. Finally, Beacon Capital Management LLC lifted its position in Alliance Resource Partners by 135.8% in the second quarter. Beacon Capital Management LLC now owns 1,462 shares of the energy company’s stock valued at $36,000 after buying an additional 842 shares during the last quarter. Hedge funds and other institutional investors own 18.11% of the company’s stock.

Alliance Resource Partners Company Profile

Alliance Resource Partners, L.P., a diversified natural resource company, produces and markets coal primarily to utilities and industrial users in the United States. The company operates through four segments: Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties, and Coal Royalties.