StockNews.com Upgrades Alliance Resource Partners (NASDAQ:ARLP) to Buy

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

Separately, Benchmark restated a “buy” rating and issued a $29.00 price objective (up previously from $27.00) on shares of Alliance Resource Partners in a research report on Tuesday, February 4th.

Alliance Resource Partners Price Performance

Shares of ARLP opened at $27.14 on Friday. The stock has a market cap of $3.48 billion, a P/E ratio of 9.83 and a beta of 0.62. Alliance Resource Partners has a 1 year low of $21.00 and a 1 year high of $30.56. The stock’s 50-day moving average price is $26.14 and its two-hundred day moving average price is $26.46. The company has a current ratio of 2.36, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24.

Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly earnings data on Monday, February 3rd. The energy company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.38). Alliance Resource Partners had a return on equity of 19.09% and a net margin of 14.74%. On average, equities analysts predict that Alliance Resource Partners will post 2.72 earnings per share for the current year.

Insider Buying and Selling at Alliance Resource Partners

In other Alliance Resource Partners news, SVP Timothy J. Whelan sold 50,000 shares of Alliance Resource Partners stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $25.13, for a total value of $1,256,500.00. Following the sale, the senior vice president now owns 93,850 shares of the company’s stock, valued at $2,358,450.50. This trade represents a 34.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 16.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Huntleigh Advisors Inc. bought a new stake in Alliance Resource Partners in the 1st quarter valued at approximately $14,190,000. Vista Investment Partners LLC lifted its position in shares of Alliance Resource Partners by 4.6% in the first quarter. Vista Investment Partners LLC now owns 363,672 shares of the energy company’s stock worth $9,921,000 after purchasing an additional 16,041 shares in the last quarter. Inscription Capital LLC bought a new stake in Alliance Resource Partners in the first quarter valued at approximately $356,000. Exchange Traded Concepts LLC boosted its holdings in shares of Alliance Resource Partners by 39.4% during the first quarter. Exchange Traded Concepts LLC now owns 101,131 shares of the energy company’s stock worth $2,759,000 after acquiring an additional 28,608 shares during the period. Finally, GraniteShares Advisors LLC increased its position in Alliance Resource Partners by 6.5% during the first quarter. GraniteShares Advisors LLC now owns 100,935 shares of the energy company’s stock worth $2,754,000 after acquiring an additional 6,120 shares during the period. 18.11% of the stock is owned by institutional investors and hedge funds.

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.