TheStreet Upgrades Alliance Resource Partners (ARLP) to B

Alliance Resource Partners (NASDAQ:ARLP) was upgraded by equities researchers at TheStreet from a “c+” rating to a “b” rating in a research note issued to investors on Monday.

Several other research firms also recently issued reports on ARLP. BidaskClub upgraded Alliance Resource Partners from a “sell” rating to a “hold” rating in a report on Tuesday, October 2nd. Zacks Investment Research upgraded Alliance Resource Partners from a “hold” rating to a “strong-buy” rating and set a $23.00 price objective on the stock in a report on Monday, October 15th. Finally, ValuEngine upgraded Alliance Resource Partners from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Alliance Resource Partners presently has an average rating of “Buy” and a consensus price target of $24.50.

ARLP stock opened at $18.73 on Monday. The company has a current ratio of 1.15, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $2.57 billion, a P/E ratio of 6.53 and a beta of 0.79. Alliance Resource Partners has a 12-month low of $15.55 and a 12-month high of $21.90.

Alliance Resource Partners (NASDAQ:ARLP) last posted its quarterly earnings data on Monday, October 29th. The energy company reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.20). The firm had revenue of $497.80 million during the quarter, compared to analysts’ expectations of $506.23 million. Alliance Resource Partners had a net margin of 19.96% and a return on equity of 25.50%. Alliance Resource Partners’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.52 EPS. On average, research analysts expect that Alliance Resource Partners will post 2.72 EPS for the current year.

In related news, Director Nick Carter purchased 2,219 shares of the business’s stock in a transaction on Wednesday, August 8th. The shares were bought at an average price of $19.85 per share, for a total transaction of $44,047.15. Following the acquisition, the director now directly owns 20,000 shares in the company, valued at $397,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 44.03% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Whittier Trust Co. purchased a new stake in Alliance Resource Partners during the 3rd quarter worth about $146,000. Intrust Bank NA increased its holdings in Alliance Resource Partners by 36.1% during the 2nd quarter. Intrust Bank NA now owns 14,438 shares of the energy company’s stock worth $265,000 after purchasing an additional 3,831 shares during the period. Commonwealth Equity Services LLC increased its holdings in Alliance Resource Partners by 29.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 16,478 shares of the energy company’s stock worth $302,000 after purchasing an additional 3,708 shares during the period. Texas Yale Capital Corp. purchased a new stake in Alliance Resource Partners during the 2nd quarter worth about $471,000. Finally, Alps Advisors Inc. purchased a new stake in Alliance Resource Partners during the 3rd quarter worth about $506,000. Institutional investors own 29.16% 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.

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Analyst Recommendations for Alliance Resource Partners (NASDAQ:ARLP)

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