Alliance Resource Partners (NASDAQ:ARLP) Raised to Strong-Buy at Zacks Research

Alliance Resource Partners (NASDAQ:ARLP) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Several other equities analysts also recently commented on the company. Weiss Ratings downgraded Alliance Resource Partners from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 18th. Wall Street Zen cut Alliance Resource Partners from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Alliance Resource Partners currently has a consensus rating of “Buy” and an average price target of $30.00.

Alliance Resource Partners Stock Up 0.2%

Shares of ARLP opened at $24.45 on Wednesday. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 12.87 and a beta of 0.23. The company has a quick ratio of 0.95, a current ratio of 1.46 and a debt-to-equity ratio of 0.24. Alliance Resource Partners has a 12 month low of $22.20 and a 12 month high of $29.45. The company has a 50-day moving average price of $24.87 and a two-hundred day moving average price of $25.40.

Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly earnings data on Monday, April 27th. The energy company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.28). Alliance Resource Partners had a net margin of 11.35% and a return on equity of 16.87%. The company had revenue of $516.02 million during the quarter, compared to the consensus estimate of $518.24 million. Equities analysts predict that Alliance Resource Partners will post 2.52 EPS for the current fiscal year.

Institutional Trading of Alliance Resource Partners

Hedge funds have recently modified their holdings of the company. Jaffetilchin Investment Partners LLC raised its stake in shares of Alliance Resource Partners by 1.3% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 33,951 shares of the energy company’s stock valued at $789,000 after acquiring an additional 442 shares during the last quarter. HUB Investment Partners LLC raised its position in Alliance Resource Partners by 4.0% in the 2nd 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 during the last quarter. US Bancorp DE raised its position in Alliance Resource Partners by 28.5% in the 3rd quarter. US Bancorp DE now owns 2,570 shares of the energy company’s stock valued at $65,000 after purchasing an additional 570 shares during the last quarter. AlphaCore Capital LLC boosted its stake in Alliance Resource Partners by 2.4% in the fourth quarter. AlphaCore Capital LLC now owns 27,193 shares of the energy company’s stock worth $632,000 after purchasing an additional 633 shares in the last quarter. Finally, Pinnacle Holdings LLC boosted its stake in Alliance Resource Partners by 0.5% in the fourth quarter. Pinnacle Holdings LLC now owns 129,423 shares of the energy company’s stock worth $3,006,000 after purchasing an additional 653 shares in the last quarter. Institutional investors and hedge funds own 18.11% of the company’s stock.

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.