Alliance Resource Partners (NASDAQ:ARLP) Lowered to “Hold” Rating by StockNews.com

Alliance Resource Partners (NASDAQ:ARLP) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

Several other equities research analysts have also issued reports on ARLP. Singular Research lowered Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, December 2nd. Benchmark restated a “buy” rating and issued a $29.00 target price (up previously from $27.00) on shares of Alliance Resource Partners in a research report on Tuesday.

Alliance Resource Partners Price Performance

Shares of ARLP traded up $0.16 during trading hours on Wednesday, reaching $28.14. 504,751 shares of the company’s stock traded hands, compared to its average volume of 459,928. The company has a current ratio of 2.36, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The firm’s 50 day simple moving average is $26.99 and its 200-day simple moving average is $25.63. The stock has a market cap of $3.60 billion, a PE ratio of 7.99 and a beta of 1.16. Alliance Resource Partners has a 12 month low of $18.32 and a 12 month high of $30.56.

Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly earnings results on Monday, February 3rd. The energy company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.38). Alliance Resource Partners had a return on equity of 23.74% and a net margin of 18.52%. Equities analysts expect that Alliance Resource Partners will post 3.19 EPS for the current year.

Insider Transactions at Alliance Resource Partners

In other Alliance Resource Partners news, SVP Timothy J. Whelan sold 10,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $28.00, for a total value of $280,000.00. Following the transaction, the senior vice president now owns 157,946 shares in the company, valued at approximately $4,422,488. The trade was a 5.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 16.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Tidal Investments LLC raised its stake in Alliance Resource Partners by 1.2% in the third quarter. Tidal Investments LLC now owns 34,283 shares of the energy company’s stock worth $857,000 after buying an additional 391 shares in the last quarter. Pekin Hardy Strauss Inc. raised its position in shares of Alliance Resource Partners by 0.9% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 46,905 shares of the energy company’s stock worth $1,173,000 after acquiring an additional 400 shares in the last quarter. Cadent Capital Advisors LLC lifted its stake in shares of Alliance Resource Partners by 1.9% in the 4th quarter. Cadent Capital Advisors LLC now owns 23,816 shares of the energy company’s stock valued at $626,000 after purchasing an additional 453 shares during the period. BCS Wealth Management boosted its position in shares of Alliance Resource Partners by 2.4% during the fourth quarter. BCS Wealth Management now owns 19,971 shares of the energy company’s stock valued at $525,000 after purchasing an additional 476 shares in the last quarter. Finally, AlphaCore Capital LLC boosted its position in shares of Alliance Resource Partners by 3.0% during the third quarter. AlphaCore Capital LLC now owns 17,203 shares of the energy company’s stock valued at $430,000 after purchasing an additional 503 shares in the last quarter. Hedge funds and other institutional investors own 18.11% of the company’s stock.

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.