Alliance Resource Partners (NASDAQ:ARLP) Upgraded at StockNews.com

Alliance Resource Partners (NASDAQ:ARLP) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Sunday.

Separately, Benchmark reiterated a “buy” rating and set a $29.00 target price on shares of Alliance Resource Partners in a research report on Tuesday, April 29th.

Alliance Resource Partners Trading Up 2.9 %

Alliance Resource Partners stock opened at $27.16 on Friday. Alliance Resource Partners has a 52-week low of $21.84 and a 52-week high of $30.56. The company has a market cap of $3.49 billion, a P/E ratio of 9.84 and a beta of 0.62. The company has a quick ratio of 1.69, a current ratio of 2.36 and a debt-to-equity ratio of 0.24. The business has a 50-day simple moving average of $26.21 and a two-hundred day simple moving average of $26.58.

Alliance Resource Partners (NASDAQ:ARLP) last announced its earnings results on Monday, April 28th. The energy company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.03). The business had revenue of $540.47 million for the quarter, compared to the consensus estimate of $556.31 million. Alliance Resource Partners had a net margin of 14.74% and a return on equity of 19.09%. Analysts predict that Alliance Resource Partners will post 2.72 EPS for the current year.

Insider Transactions at Alliance Resource Partners

In related news, SVP Timothy J. Whelan sold 50,000 shares of Alliance Resource Partners stock in a transaction on Friday, March 14th. The shares were sold at an average price of $25.13, for a total transaction of $1,256,500.00. Following the transaction, the senior vice president now owns 93,850 shares in the company, valued at approximately $2,358,450.50. The trade was a 34.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 16.80% of the company’s stock.

Institutional Investors Weigh In On Alliance Resource Partners

Institutional investors and hedge funds have recently bought and sold shares of the business. MTM Investment Management LLC purchased a new stake in shares of Alliance Resource Partners during the first quarter worth about $243,000. Fort Sheridan Advisors LLC purchased a new stake in Alliance Resource Partners during the 1st quarter valued at approximately $365,000. Hourglass Capital LLC bought a new stake in shares of Alliance Resource Partners during the first quarter valued at approximately $409,000. Pekin Hardy Strauss Inc. lifted its holdings in shares of Alliance Resource Partners by 19.8% in the first quarter. Pekin Hardy Strauss Inc. now owns 56,205 shares of the energy company’s stock worth $1,533,000 after buying an additional 9,300 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC boosted its position in shares of Alliance Resource Partners by 6.6% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 64,477 shares of the energy company’s stock worth $1,759,000 after acquiring an additional 3,977 shares during the last quarter. 18.11% of the stock is owned by institutional investors.

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.