Alliance Resource Partners, L.P. (NASDAQ:ARLP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The firm currently has a $25.00 price target on the stock. Zacks Investment Research’s price target suggests a potential upside of 10.62% from the company’s current price.

According to Zacks, “ALLIANCE RESOURCES is a diversified producer and marketer of coal to major U.S. utilities and industrial users. They currently operate mining complexes in Illinois, Indiana, Kentucky and Maryland. Some of their mining complexes are underground and one has both surface and underground mines. They produce a diverse range of steam coals with varying sulfur and heat contents, which enable them to satisfy the broad range of specifications demanded by their customers. “

Separately, FBR & Co upped their price objective on shares of Alliance Resource Partners, L.P. from $19.00 to $22.00 and gave the company an “outperform” rating in a report on Monday, August 1st. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $23.00.

Analyst Recommendations for Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Alliance Resource Partners, L.P. (NASDAQ:ARLP) traded up 0.18% during midday trading on Tuesday, reaching $22.64. 225,521 shares of the company traded hands. The stock’s 50 day moving average is $21.27 and its 200 day moving average is $17.19. Alliance Resource Partners, L.P. has a one year low of $9.95 and a one year high of $23.52. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 14.11 and a beta of 0.80.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.27. The business had revenue of $439.20 million for the quarter, compared to analysts’ expectations of $444.13 million. Alliance Resource Partners, L.P.’s revenue for the quarter was down 27.4% compared to the same quarter last year. During the same period last year, the company earned $0.76 earnings per share. On average, equities analysts anticipate that Alliance Resource Partners, L.P. will post $2.45 earnings per share for the current year.

In other news, VP Robert J. Fouch sold 17,000 shares of the company’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $19.34, for a total transaction of $328,780.00. Following the sale, the vice president now directly owns 33,242 shares in the company, valued at $642,900.28. The sale was disclosed in a document filed with the SEC, which is available at this link.

Several large investors have recently made changes to their positions in ARLP. Lucus Advisors LLC bought a new stake in shares of Alliance Resource Partners, L.P. during the second quarter valued at $343,000. HL Financial Services LLC bought a new stake in shares of Alliance Resource Partners, L.P. during the second quarter valued at $164,000. Willingdon Wealth Management bought a new stake in shares of Alliance Resource Partners, L.P. during the second quarter valued at $811,000. Acadian Asset Management LLC boosted its stake in shares of Alliance Resource Partners, L.P. by 123.1% in the second quarter. Acadian Asset Management LLC now owns 442,706 shares of the company’s stock valued at $6,976,000 after buying an additional 244,309 shares in the last quarter. Finally, Adams Asset Advisors LLC boosted its stake in shares of Alliance Resource Partners, L.P. by 41.0% in the second quarter. Adams Asset Advisors LLC now owns 273,849 shares of the company’s stock valued at $4,315,000 after buying an additional 79,663 shares in the last quarter.

Alliance Resource Partners, L.P. Company Profile

Alliance Resource Partners, L.P. is a producer and marketer of coal primarily to the United States utilities and industrial users. The Company operates through segments, including Illinois Basin, Appalachia, and Other and Corporate. It operates over 10 underground mining complexes in Illinois, Indiana, Kentucky, Maryland and West Virginia.

5 Day Chart for NASDAQ:ARLP

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