StockNews.com Downgrades Alliance Resource Partners (NASDAQ:ARLP) to Buy

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

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

Alliance Resource Partners Price Performance

Shares of NASDAQ ARLP opened at $26.79 on Friday. The stock has a market cap of $3.43 billion, a P/E ratio of 7.61 and a beta of 1.14. Alliance Resource Partners has a twelve month low of $18.32 and a twelve month high of $27.80. The stock has a 50 day moving average of $25.11 and a two-hundred day moving average of $24.33. The company has a current ratio of 2.36, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Continuum Advisory LLC acquired a new position in shares of Alliance Resource Partners during the 2nd quarter worth $27,000. Beacon Capital Management LLC increased its holdings in Alliance Resource Partners by 135.8% in the second quarter. Beacon Capital Management LLC now owns 1,462 shares of the energy company’s stock valued at $36,000 after buying an additional 842 shares in the last quarter. Cove Street Capital LLC purchased a new stake in shares of Alliance Resource Partners during the 2nd quarter worth approximately $49,000. Mather Group LLC. acquired a new stake in shares of Alliance Resource Partners in the 2nd quarter worth approximately $51,000. Finally, Pathway Financial Advisers LLC purchased a new position in Alliance Resource Partners in the 1st quarter valued at approximately $54,000. Institutional investors and hedge funds 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.