Stifel Lowers Alliance Holdings GP, L.P. (AHGP) Price Target to $31.00

Alliance Holdings GP, L.P. (NASDAQ:AHGP) had its price target lowered by equities research analysts at Stifel from $32.00 to $31.00 in a research report issued to clients and investors on Wednesday. The brokerage presently has a “hold” rating on the energy company’s stock. Stifel’s price target points to a potential upside of 20.39% from the company’s previous close.

Several other equities analysts have also issued reports on AHGP. cut their price target on shares of Alliance Holdings GP, L.P. from $32.00 to $31.00 and set a “hold” rating on the stock in a report on Wednesday. upgraded shares of Alliance Holdings GP, L.P. from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective for the company in a research note on Wednesday, August 9th. downgraded shares of Alliance Holdings GP, L.P. from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. downgraded shares of Alliance Holdings GP, L.P. from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. Finally, upgraded shares of Alliance Holdings GP, L.P. from a “c+” rating to a “b-” rating in a research note on Monday, October 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $30.67.

Alliance Holdings GP, L.P. (NASDAQ:AHGP) opened at $25.75 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 0.83 and a debt-to-equity ratio of 0.39. Alliance Holdings GP, L.P. has a 1-year low of $22.71 and a 1-year high of $32.70. The stock has a market cap of $1,531.30, a price-to-earnings ratio of 7.55 and a beta of 0.56.

Alliance Holdings GP, L.P. (NASDAQ:AHGP) last released its quarterly earnings results on Monday, October 30th. The energy company reported $0.65 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.26). Alliance Holdings GP, L.P. had a return on equity of 17.78% and a net margin of 10.76%. The firm had revenue of $453.09 million during the quarter, compared to analysts’ expectations of $486.80 million. During the same period in the prior year, the firm posted $0.81 earnings per share. Alliance Holdings GP, L.P.’s revenue for the quarter was down 17.9% compared to the same quarter last year. sell-side analysts anticipate that Alliance Holdings GP, L.P. will post 3.34 EPS for the current fiscal year.

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Several large investors have recently bought and sold shares of the company. Bank of America Corp DE lifted its stake in shares of Alliance Holdings GP, L.P. by 0.6% during the first quarter. Bank of America Corp DE now owns 22,207 shares of the energy company’s stock worth $609,000 after buying an additional 140 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Alliance Holdings GP, L.P. by 2.7% during the second quarter. Principal Financial Group Inc. now owns 15,153 shares of the energy company’s stock worth $359,000 after buying an additional 400 shares during the period. Advisor Group Inc. lifted its stake in shares of Alliance Holdings GP, L.P. by 9.3% during the second quarter. Advisor Group Inc. now owns 5,125 shares of the energy company’s stock worth $122,000 after buying an additional 434 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Alliance Holdings GP, L.P. by 2.0% during the first quarter. Goldman Sachs Group Inc. now owns 156,033 shares of the energy company’s stock worth $4,280,000 after buying an additional 3,107 shares during the period. Finally, U S Global Investors Inc. lifted its stake in shares of Alliance Holdings GP, L.P. by 8.6% during the third quarter. U S Global Investors Inc. now owns 44,300 shares of the energy company’s stock worth $1,232,000 after buying an additional 3,500 shares during the period. Institutional investors and hedge funds own 21.81% of the company’s stock.

Alliance Holdings GP, L.P. Company Profile

Alliance Holdings GP, L.P. (AHGP) is a limited partnership company. The Company owns directly and indirectly the members’ interest in Alliance Resource Management GP, LLC (MGP), the managing general partner of Alliance Resource Partners, L.P. (ARLP). The Company’s segments include Illinois Basin, Appalachia, and Other and Corporate.

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