Alliance Resource Partners (NASDAQ:ARLP) Stock Rating Upgraded by Wall Street Zen

Alliance Resource Partners (NASDAQ:ARLP) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Saturday, Wall Street Zen reports.

A number of other analysts have also recently weighed in on the stock. Zacks Research cut shares of Alliance Resource Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. Weiss Ratings cut Alliance Resource Partners from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, October 21st. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Alliance Resource Partners Price Performance

Alliance Resource Partners stock opened at $25.27 on Friday. Alliance Resource Partners has a 52-week low of $23.01 and a 52-week high of $29.45. The firm has a fifty day moving average of $25.55 and a 200-day moving average of $25.66. The firm has a market capitalization of $3.25 billion, a P/E ratio of 10.53 and a beta of 0.30. The company has a quick ratio of 1.32, a current ratio of 1.37 and a debt-to-equity ratio of 0.27.

Institutional Trading of Alliance Resource Partners

Several hedge funds and other institutional investors have recently bought and sold shares of ARLP. BCS Wealth Management lifted its stake in Alliance Resource Partners by 2.1% in the 3rd quarter. BCS Wealth Management now owns 27,761 shares of the energy company’s stock valued at $674,000 after purchasing an additional 568 shares during the last quarter. Kestra Advisory Services LLC grew its holdings in Alliance Resource Partners by 1.4% during the third quarter. Kestra Advisory Services LLC now owns 44,264 shares of the energy company’s stock worth $1,075,000 after purchasing an additional 612 shares during the period. CWA Asset Management Group LLC grew its holdings in Alliance Resource Partners by 7.8% during the third quarter. CWA Asset Management Group LLC now owns 13,319 shares of the energy company’s stock worth $324,000 after purchasing an additional 958 shares during the period. Pekin Hardy Strauss Inc. increased its position in Alliance Resource Partners by 1.3% during the third quarter. Pekin Hardy Strauss Inc. now owns 77,859 shares of the energy company’s stock worth $1,891,000 after buying an additional 1,010 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in Alliance Resource Partners during the second quarter worth approximately $28,000. 18.11% of the stock is owned by institutional investors.

About Alliance Resource Partners

Alliance Resource Partners, L.P. is a diversified natural resource company best known for producing and marketing coal. Its coal is sold primarily to electric utilities for power generation, along with customers in other industrial markets. The partnership operates coal mines in the Illinois Basin and Appalachia, serving customers in the United States and international markets. Its activities also include oil and gas royalty interests and other mineral interests, which provide exposure to resources beyond coal.