Alliance Resource Partners, L.P. (NASDAQ:ARLP) Rating Lowered to Strong Sell at BidaskClub

Alliance Resource Partners, L.P. (NASDAQ:ARLP) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Friday.

Several other analysts also recently weighed in on ARLP. FBR & Co restated an “outperform” rating and issued a $29.00 price target (up previously from $27.00) on shares of Alliance Resource Partners, L.P. in a research note on Tuesday, May 2nd. ValuEngine downgraded Alliance Resource Partners, L.P. from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Finally, Zacks Investment Research downgraded Alliance Resource Partners, L.P. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $26.93.

Shares of Alliance Resource Partners, L.P. (NASDAQ ARLP) opened at 18.60 on Friday. Alliance Resource Partners, L.P. has a 12-month low of $18.15 and a 12-month high of $26.65.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) last posted its quarterly earnings results on Monday, July 31st. The energy company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.09. The company had revenue of $398.72 million for the quarter, compared to the consensus estimate of $447.68 million. Alliance Resource Partners, L.P. had a return on equity of 34.60% and a net margin of 19.47%. The firm’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.82 EPS. On average, equities analysts forecast that Alliance Resource Partners, L.P. will post $2.89 EPS for the current fiscal year.

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In other Alliance Resource Partners, L.P. news, Director John P. Neafsey bought 10,000 shares of the business’s stock in a transaction on Monday, August 7th. The shares were acquired at an average cost of $19.55 per share, for a total transaction of $195,500.00. Following the purchase, the director now owns 51,604 shares in the company, valued at approximately $1,008,858.20. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 44.03% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Sheaff Brock Investment Advisors LLC increased its stake in shares of Alliance Resource Partners, L.P. by 1.3% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 9,284 shares of the energy company’s stock valued at $201,000 after buying an additional 120 shares in the last quarter. Alliancebernstein L.P. acquired a new stake in shares of Alliance Resource Partners, L.P. during the first quarter valued at approximately $210,000. Private Advisor Group LLC acquired a new stake in shares of Alliance Resource Partners, L.P. during the first quarter valued at approximately $222,000. Intrust Bank NA acquired a new stake in shares of Alliance Resource Partners, L.P. during the first quarter valued at approximately $221,000. Finally, Rational Advisors LLC acquired a new stake in shares of Alliance Resource Partners, L.P. during the first quarter valued at approximately $271,000. Institutional investors and hedge funds own 26.25% of the company’s stock.

Alliance Resource Partners, L.P. Company Profile

Alliance Resource Partners, L.P. is a producer and marketer of coal primarily to the United States utilities and industrial users. The Company operates through segments, including Illinois Basin, Appalachia, and Other and Corporate. The Illinois Basin segment consists of various operating segments, including Webster County Coal, LLC’s Dotiki mining complex, Gibson County Coal, LLC’s mining complex, which includes the Gibson North mine and Gibson South mine, Hopkins County Coal, LLC’s mining complex, which includes the Elk Creek mine, the Pleasant View surface mineable reserves and the Fies property, White County Coal, LLC’s, Pattiki mining complex, Warrior Coal, LLC’s mining complex, Sebree Mining, LLC’s mining complex, which includes the Onton mine and River View Coal, LLC mining complex.

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