Alliance Resource Partners (NASDAQ:ARLP) Given "Hold (C)" Rating at Weiss Ratings

Key Points

• Alliance Resource Partners (NASDAQ:ARLP) has received a "Hold (C)" rating from Weiss Ratings, while other analysts have issued a "Moderate Buy" average rating with a price target of $29.50.
• The company's stock price recently fell to $25.26, with a twelve-month range between $22.20 and $30.56, alongside a market cap of $3.24 billion.
• Alliance Resource Partners reported earnings per share of $0.55 for the last quarter, which was below analysts' expectations, and had a revenue of $547.46 million compared to an expected $583.57 million.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report)'s stock had its "hold (c)" rating reiterated by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Other equities analysts have also issued reports about the stock. Alliance Global Partners initiated coverage on shares of Alliance Resource Partners in a research report on Wednesday, September 24th. They issued a "buy" rating on the stock. Industrial Alliance Securities set a $30.00 price target on shares of Alliance Resource Partners in a research report on Wednesday, September 24th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to 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 Alliance Resource Partners stock traded down $0.04 during trading on Wednesday, hitting $25.26. 158,900 shares of the company's stock traded hands, compared to its average volume of 368,342. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.96 and a quick ratio of 1.37. The firm's fifty day moving average price is $24.19 and its 200 day moving average price is $25.68. Alliance Resource Partners has a twelve month low of $22.20 and a twelve month high of $30.56. The company has a market cap of $3.24 billion, a PE ratio of 13.96 and a beta of 0.51.

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

Institutional Investors Weigh In On Alliance Resource Partners

Several large investors have recently bought and sold shares of the company. MCF Advisors LLC increased its stake in Alliance Resource Partners by 37.7% in 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 in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Alliance Resource Partners by 3.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 11,850 shares of the energy company's stock valued at $315,000 after purchasing an additional 380 shares in the last quarter. Jaffetilchin Investment Partners LLC increased its stake in Alliance Resource Partners by 1.2% in the second quarter. Jaffetilchin Investment Partners LLC now owns 33,488 shares of the energy company's stock valued at $875,000 after purchasing an additional 410 shares in the last quarter. HUB Investment Partners LLC increased its stake in Alliance Resource Partners by 4.0% in the second quarter. HUB Investment Partners LLC now owns 13,094 shares of the energy company's stock valued at $342,000 after purchasing an additional 499 shares in the last quarter. Finally, Concurrent Investment Advisors LLC increased its stake in Alliance Resource Partners by 1.7% in the second quarter. Concurrent Investment Advisors LLC now owns 30,476 shares of the energy company's stock valued at $797,000 after purchasing an additional 501 shares in the last quarter. Institutional investors own 18.11% of the company's stock.

About Alliance Resource Partners

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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