Alliance Resource Partners (NASDAQ:ARLP) Downgraded to "Hold" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Alliance Resource Partners from a "buy" to a "hold," joining Weiss Ratings and Zacks in lowering their views while Benchmark reiterated a buy; MarketBeat shows a consensus rating of "Hold" with a $29.50 consensus price target.
• In its most recent quarter ARLP reported EPS of $0.75 (above the $0.61 estimate) but revenue of $535.51 million missed estimates of $556.82 million, and analysts project roughly 2.72 EPS for the current fiscal year.
• The stock trades near $28.17 with a 12‑month range of $22.20–$29.45, a market cap of about $3.62 billion and a P/E ratio around 11.74.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday.

Several other research firms have also commented on ARLP. Weiss Ratings lowered Alliance Resource Partners from a "buy (b-)" rating to a "hold (c)" rating in a research report on Monday, March 16th. Zacks Research downgraded shares of Alliance Resource Partners from a "hold" rating to a "strong sell" rating in a research report on Monday, January 5th. Finally, Benchmark reiterated a "buy" rating on shares of Alliance Resource Partners in a research note on Tuesday, February 3rd. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Alliance Resource Partners currently has a consensus rating of "Hold" and a consensus price target of $29.50.

Alliance Resource Partners Price Performance

Shares of NASDAQ ARLP opened at $28.17 on Friday. Alliance Resource Partners has a 12-month low of $22.20 and a 12-month high of $29.45. The company has a market cap of $3.62 billion, a P/E ratio of 11.74 and a beta of 0.31. The company has a current ratio of 2.10, a quick ratio of 1.41 and a debt-to-equity ratio of 0.23. The stock has a fifty day moving average price of $26.51 and a 200 day moving average price of $25.01.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last issued its quarterly earnings data on Monday, February 2nd. The energy company reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.14. Alliance Resource Partners had a return on equity of 18.41% and a net margin of 14.18%.The company had revenue of $535.51 million for the quarter, compared to analysts' expectations of $556.82 million. Research analysts anticipate that Alliance Resource Partners will post 2.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Nomura Holdings Inc. bought a new stake in shares of Alliance Resource Partners during the 2nd quarter valued at about $7,842,000. ING Groep NV boosted its stake in Alliance Resource Partners by 167.8% in the third quarter. ING Groep NV now owns 378,100 shares of the energy company's stock valued at $9,560,000 after acquiring an additional 236,900 shares during the period. Tweedy Browne Co LLC grew its holdings in shares of Alliance Resource Partners by 105.4% during the third quarter. Tweedy Browne Co LLC now owns 39,999 shares of the energy company's stock valued at $1,011,000 after purchasing an additional 20,522 shares during the last quarter. Fort Sheridan Advisors LLC grew its holdings in shares of Alliance Resource Partners by 7.5% during the third quarter. Fort Sheridan Advisors LLC now owns 14,383 shares of the energy company's stock valued at $364,000 after purchasing an additional 1,004 shares during the last quarter. Finally, AlphaCore Capital LLC raised its position in shares of Alliance Resource Partners by 2.4% during the 3rd quarter. AlphaCore Capital LLC now owns 26,560 shares of the energy company's stock worth $672,000 after purchasing an additional 613 shares during the period. 18.11% of the stock is currently owned by institutional investors.

Alliance Resource Partners Company Profile

Alliance Resource Partners, L.P. NASDAQ: ARLP is a Tulsa, Oklahoma–based master limited partnership engaged in the production, marketing and transportation of bituminous coal. Through its subsidiaries, the company develops, owns and operates surface and underground coal mines, providing fuel primarily for electric power generation and various industrial applications. Alliance's integrated business model covers the extraction of raw coal, processing at preparation plants and delivery to domestic and export customers.

The partnership operates multiple mining complexes across Illinois, Indiana, Kentucky and West Virginia.

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