Alliance Resource Partners (NASDAQ:ARLP) Lowered to Buy Rating by StockNews.com

Alliance Resource Partners (NASDAQ:ARLP) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Friday.

Separately, Benchmark upped their target price on Alliance Resource Partners from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th.

Alliance Resource Partners Stock Performance

Shares of NASDAQ:ARLP traded down $0.27 during trading on Friday, hitting $26.79. 423,533 shares of the stock traded hands, compared to its average volume of 385,924. The company has a quick ratio of 1.69, a current ratio of 2.36 and a debt-to-equity ratio of 0.24. The company has a fifty day moving average price of $25.11 and a two-hundred day moving average price of $24.32. Alliance Resource Partners has a 52-week low of $18.32 and a 52-week high of $27.80. The company has a market cap of $3.43 billion, a price-to-earnings ratio of 7.61 and a beta of 1.14.

Alliance Resource Partners (NASDAQ:ARLP) last posted its earnings results on Monday, October 28th. The energy company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.16). The firm had revenue of $613.57 million for the quarter, compared to analysts’ expectations of $646.17 million. Alliance Resource Partners had a return on equity of 23.74% and a net margin of 18.52%. During the same period in the previous year, the company earned $1.18 earnings per share. As a group, equities analysts predict that Alliance Resource Partners will post 3.2 EPS for the current year.

Institutional Investors Weigh In On Alliance Resource Partners

Several institutional investors have recently bought and sold shares of the company. Continuum Advisory LLC purchased a new stake in shares of Alliance Resource Partners during the second quarter worth approximately $27,000. Beacon Capital Management LLC grew its holdings in shares of Alliance Resource Partners by 135.8% during the second quarter. Beacon Capital Management LLC now owns 1,462 shares of the energy company’s stock worth $36,000 after buying an additional 842 shares in the last quarter. Cove Street Capital LLC acquired a new stake in shares of Alliance Resource Partners in the second quarter valued at about $49,000. Mather Group LLC. purchased a new position in shares of Alliance Resource Partners in the second quarter worth about $51,000. Finally, Pathway Financial Advisers LLC acquired a new position in Alliance Resource Partners during the first quarter worth about $54,000. 18.11% of the stock is currently owned by institutional investors and hedge funds.

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.