Alliance Resource Partners' (ARLP) "Hold (C)" Rating Reiterated at Weiss Ratings

Key Points

• Alliance Resource Partners' stock maintains a "hold (C)" rating as reaffirmed by Weiss Ratings, with an average rating of "Moderate Buy" from multiple analysts.
• The company's stock has experienced a price target of $30.00 from Industrial Alliance Securities, while the average price target stands at $29.50.
• Alliance Resource Partners reported a missed earnings estimate with $0.55 earnings per share, below the expected $0.61, and total revenue of $547.46 million, falling short of consensus estimates.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report)'s stock had its "hold (c)" rating reiterated by Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

Other equities analysts have also issued research reports about the stock. Industrial Alliance Securities set a $30.00 price target on shares of Alliance Resource Partners in a report on Wednesday, September 24th. Alliance Global Partners assumed coverage on shares of Alliance Resource Partners in a report on Wednesday, September 24th. They set a "buy" rating on the stock. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Alliance Resource Partners has an average rating of "Moderate Buy" and an average price target of $29.50.

Alliance Resource Partners Price Performance

Shares of NASDAQ ARLP traded down $0.80 during midday trading on Friday, reaching $23.25. 483,478 shares of the company were exchanged, compared to its average volume of 366,312. The stock's 50-day moving average price is $23.93 and its 200-day moving average price is $25.55. The stock has a market cap of $2.99 billion, a P/E ratio of 12.88 and a beta of 0.51. Alliance Resource Partners has a one year low of $22.20 and a one year high of $30.56. The company has a quick ratio of 1.37, a current ratio of 1.96 and a debt-to-equity ratio of 0.24.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last posted its earnings results on Monday, July 28th. The energy company reported $0.55 earnings per share for the quarter, missing analysts' consensus estimates of $0.61 by ($0.06). The company had revenue of $547.46 million for the quarter, compared to the consensus estimate of $583.57 million. Alliance Resource Partners had a return on equity of 14.27% and a net margin of 10.30%. On average, sell-side analysts anticipate that Alliance Resource Partners will post 2.72 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Alliance Resource Partners

Hedge funds and other institutional investors have recently bought and sold shares of the company. Parvin Asset Management LLC acquired a new position in Alliance Resource Partners in the second quarter valued at $27,000. SVB Wealth LLC acquired a new position in shares of Alliance Resource Partners during the first quarter valued at about $32,000. Wealth Preservation Advisors LLC acquired a new position in shares of Alliance Resource Partners during the first quarter valued at about $36,000. MCF Advisors LLC raised its holdings in shares of Alliance Resource Partners by 37.7% during the second quarter. MCF Advisors LLC now owns 1,377 shares of the energy company's stock valued at $36,000 after purchasing an additional 377 shares during the period. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in shares of Alliance Resource Partners during the third quarter valued at about $51,000. Institutional investors and hedge funds own 18.11% of the company's stock.

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.

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