Alliance Resource Partners, L.P. (NASDAQ:ARLP) had its target price raised by equities research analysts at FBR & Co from $26.00 to $28.00 in a research report issued on Wednesday. The firm currently has an “outperform” rating on the stock. FBR & Co’s price target points to a potential upside of 20.95% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. TheStreet upgraded shares of Alliance Resource Partners, L.P. from a “hold” rating to a “buy” rating in a report on Friday, October 28th. Seaport Global Securities initiated coverage on shares of Alliance Resource Partners, L.P. in a report on Monday, October 31st. They set a “buy” rating and a $29.00 target price on the stock. Finally, Zacks Investment Research upgraded shares of Alliance Resource Partners, L.P. from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Tuesday, October 11th. One investment 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 an average target price of $23.83.

Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) opened at 23.15 on Wednesday. Alliance Resource Partners, L.P. has a 1-year low of $9.95 and a 1-year high of $26.65. The stock’s 50 day moving average is $0.00 and its 200 day moving average is $0.00.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) last released its earnings results on Friday, October 28th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.18. The business had revenue of $552.10 million for the quarter, compared to analyst estimates of $488.49 million. Alliance Resource Partners, L.P.’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.61 earnings per share. On average, equities research analysts expect that Alliance Resource Partners, L.P. will post $2.85 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, November 14th. Investors of record on Monday, November 7th were given a $0.4375 dividend. This represents a $1.75 dividend on an annualized basis and a dividend yield of 7.56%. The ex-dividend date was Thursday, November 3rd.

Several hedge funds and other institutional investors have recently bought and sold shares of ARLP. Acrospire Investment Management LLC increased its position in 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 period. IFP Advisors Inc increased its position in 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 period. Integrated Investment Consultants LLC increased its position in 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 period. HL Financial Services LLC bought a new position in Alliance Resource Partners, L.P. during the second quarter worth approximately $164,000. Finally, Cetera Advisor Networks LLC bought a new position in Alliance Resource Partners, L.P. during the third quarter worth approximately $239,000.

TRADEMARK VIOLATION WARNING: “Alliance Resource Partners, L.P. (ARLP) PT Raised to $28.00” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another site, it was copied illegally and reposted in violation of United States and international copyright law. The correct version of this piece can be read at https://www.thecerbatgem.com/2016/11/25/alliance-resource-partners-l-p-arlp-pt-raised-to-28-00.html.

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.