Alliance Resource Partners, L.P. (NASDAQ:ARLP) had its price target raised by analysts at FBR & Co from $22.00 to $24.00 in a research report issued on Thursday. The brokerage presently has an “outperform” rating on the stock. FBR & Co’s price target suggests a potential upside of 9.04% from the stock’s previous close.

Separately, Zacks Investment Research raised Alliance Resource Partners, L.P. from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Tuesday, June 28th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Alliance Resource Partners, L.P. currently has an average rating of “Buy” and a consensus price target of $23.33.

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

Alliance Resource Partners, L.P. (NASDAQ:ARLP) opened at 22.01 on Thursday. The company has a 50-day moving average price of $21.37 and a 200-day moving average price of $17.26. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 13.71 and a beta of 0.80. Alliance Resource Partners, L.P. has a one year low of $9.95 and a one year high of $22.96.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.27. The business earned $439.20 million during the quarter, compared to analyst estimates of $444.13 million. The company’s revenue for the quarter was down 27.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.76 earnings per share. Equities research analysts anticipate that Alliance Resource Partners, L.P. will post $2.45 EPS for the current year.

In other Alliance Resource Partners, L.P. news, VP Robert J. Fouch sold 17,000 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $19.34, for a total transaction of $328,780.00. Following the completion of the transaction, the vice president now owns 33,242 shares in the company, valued at $642,900.28. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

A number of hedge funds and other institutional investors have recently made changes to their positions in ARLP. Energy Income Partners LLC boosted its position in shares of Alliance Resource Partners, L.P. by 13.2% in the first quarter. Energy Income Partners LLC now owns 5,208,568 shares of the company’s stock worth $60,680,000 after buying an additional 605,331 shares in the last quarter. Magnolia Group LLC boosted its position in shares of Alliance Resource Partners, L.P. by 0.9% in the second quarter. Magnolia Group LLC now owns 1,811,536 shares of the company’s stock worth $28,550,000 after buying an additional 16,000 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Alliance Resource Partners, L.P. by 72.9% in the second quarter. JPMorgan Chase & Co. now owns 788,315 shares of the company’s stock worth $12,424,000 after buying an additional 332,460 shares in the last quarter. ING Groep NV boosted its position in shares of Alliance Resource Partners, L.P. by 132.6% in the first quarter. ING Groep NV now owns 500,150 shares of the company’s stock worth $5,817,000 after buying an additional 285,150 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position 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 worth $6,976,000 after buying an additional 244,309 shares in the last quarter.

About Alliance Resource Partners, L.P.

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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