Alliance Resource Partners, L.P. (NASDAQ:ARLP) – Analysts at FBR & Co increased their FY2017 earnings per share estimates for Alliance Resource Partners, L.P. in a research note issued on Thursday. FBR & Co analyst L. Pipes now forecasts that the firm will post earnings of $1.48 per share for the year, up from their prior estimate of $1.04. FBR & Co has a “Outperform” rating and a $24.00 price objective on the stock. FBR & Co also issued estimates for Alliance Resource Partners, L.P.’s FY2018 earnings at $1.72 EPS.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) last posted its 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 company had revenue of $439.20 million for the quarter, compared to the consensus estimate of $444.13 million. Alliance Resource Partners, L.P.’s revenue was down 27.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.76 EPS.

Earnings History and Estimates for Alliance Resource Partners, L.P. (NASDAQ:ARLP)

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

Alliance Resource Partners, L.P. (NASDAQ:ARLP) traded up 0.64% during trading on Monday, reaching $23.70. 304,867 shares of the company’s stock traded hands. The company has a 50 day moving average of $21.63 and a 200 day moving average of $17.63. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 14.77 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 $23.85.

A number of large investors have recently modified their holdings of ARLP. Acrospire Investment Management LLC increased its position in shares of Alliance Resource Partners, L.P. by 19.0% in the second quarter. Acrospire Investment Management LLC now owns 6,810 shares of the company’s stock worth $107,000 after buying an additional 1,088 shares during the last quarter. IFP Advisors Inc increased its position in shares of Alliance Resource Partners, L.P. by 8.0% in the second quarter. IFP Advisors Inc now owns 8,763 shares of the company’s stock worth $138,000 after buying an additional 651 shares during the last quarter. Integrated Investment Consultants LLC increased its position in shares of Alliance Resource Partners, L.P. by 357.0% in the second quarter. Integrated Investment Consultants LLC now owns 9,140 shares of the company’s stock worth $144,000 after buying an additional 7,140 shares during the last quarter. HL Financial Services LLC bought a new position in shares of Alliance Resource Partners, L.P. during the second quarter worth about $164,000. Finally, Aull & Monroe Investment Management Corp bought a new position in shares of Alliance Resource Partners, L.P. during the third quarter worth about $313,000.

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

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

Receive News & Stock Ratings for Alliance Resource Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliance Resource Partners L.P. and related stocks with our FREE daily email newsletter.