Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) was upgraded by equities researchers at StockNews.com from a "buy" rating to a "strong-buy" rating in a research report issued on Tuesday.
Separately, Benchmark reiterated a "buy" rating and issued a $25.00 target price on shares of Alliance Resource Partners in a research note on Tuesday.
View Our Latest Research Report on Alliance Resource Partners
Alliance Resource Partners Stock Up 1.0 %
Shares of Alliance Resource Partners stock traded up $0.22 during trading hours on Tuesday, reaching $22.43. The company's stock had a trading volume of 532,952 shares, compared to its average volume of 460,763. Alliance Resource Partners has a one year low of $17.05 and a one year high of $24.30. The company has a market capitalization of $2.87 billion, a P/E ratio of 4.66 and a beta of 1.14. The stock's fifty day simple moving average is $20.13 and its two-hundred day simple moving average is $20.92. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.71 and a current ratio of 2.27.
Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last released its quarterly earnings data on Monday, April 29th. The energy company reported $1.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.28. Alliance Resource Partners had a net margin of 24.50% and a return on equity of 34.90%. The firm had revenue of $651.70 million for the quarter, compared to analyst estimates of $625.32 million. During the same period last year, the firm earned $1.45 earnings per share. On average, research analysts forecast that Alliance Resource Partners will post 4.05 earnings per share for the current year.
Institutional Investors Weigh In On Alliance Resource Partners
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ARLP. FinTrust Capital Advisors LLC bought a new stake in Alliance Resource Partners during the 4th quarter valued at $42,000. Chiron Investment Management LLC bought a new stake in Alliance Resource Partners during the 3rd quarter valued at $128,000. Tortoise Investment Management LLC bought a new stake in Alliance Resource Partners during the 4th quarter valued at $151,000. Advisory Services Network LLC bought a new stake in Alliance Resource Partners during the 4th quarter valued at $182,000. Finally, Counterpoint Mutual Funds LLC increased its position in Alliance Resource Partners by 128.5% during the 4th quarter. Counterpoint Mutual Funds LLC now owns 9,943 shares of the energy company's stock valued at $211,000 after purchasing an additional 5,592 shares during the period. 18.11% of the stock is currently owned by institutional investors.
Alliance Resource Partners Company Profile
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Alliance Resource Partners, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alliance Resource Partners wasn't on the list.
While Alliance Resource Partners currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
