Alliance Resource Partners, L.P. (NASDAQ:ARLP) has been given an average rating of “Buy” by the nine ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $27.32.

ARLP has been the topic of several research analyst reports. BidaskClub upgraded shares of Alliance Resource Partners, L.P. from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. ValuEngine cut shares of Alliance Resource Partners, L.P. from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Finally, Zacks Investment Research cut shares of Alliance Resource Partners, L.P. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th.

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In related news, Director John P. Neafsey acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were bought at an average cost of $19.55 per share, for a total transaction of $195,500.00. Following the completion of the transaction, the director now owns 51,604 shares in the company, valued at $1,008,858.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 44.03% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Alliancebernstein L.P. boosted its stake in Alliance Resource Partners, L.P. by 5.9% in the second quarter. Alliancebernstein L.P. now owns 10,284 shares of the energy company’s stock worth $194,000 after buying an additional 576 shares in the last quarter. Private Advisor Group LLC purchased a new stake in Alliance Resource Partners, L.P. in the first quarter worth approximately $222,000. QS Investors LLC boosted its stake in Alliance Resource Partners, L.P. by 19.3% in the second quarter. QS Investors LLC now owns 13,112 shares of the energy company’s stock worth $248,000 after buying an additional 2,117 shares in the last quarter. IFP Advisors Inc boosted its stake in Alliance Resource Partners, L.P. by 2.8% in the second quarter. IFP Advisors Inc now owns 13,729 shares of the energy company’s stock worth $259,000 after buying an additional 373 shares in the last quarter. Finally, Mariner Wealth Advisors LLC boosted its stake in Alliance Resource Partners, L.P. by 19.6% in the second quarter. Mariner Wealth Advisors LLC now owns 15,268 shares of the energy company’s stock worth $289,000 after buying an additional 2,500 shares in the last quarter. 15.11% of the stock is owned by institutional investors and hedge funds.

Alliance Resource Partners, L.P. (ARLP) traded down 2.30% during trading on Friday, reaching $19.10. 212,993 shares of the company’s stock traded hands. Alliance Resource Partners, L.P. has a 52-week low of $17.65 and a 52-week high of $26.65.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) last announced its quarterly earnings results on Monday, July 31st. The energy company reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.09. The firm had revenue of $398.72 million for the quarter, compared to analysts’ expectations of $447.68 million. Alliance Resource Partners, L.P. had a return on equity of 34.60% and a net margin of 19.47%. The company’s revenue was down 9.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.82 earnings per share. Analysts anticipate that Alliance Resource Partners, L.P. will post $2.89 EPS for the current year.

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. The Illinois Basin segment consists of various operating segments, including Webster County Coal, LLC’s Dotiki mining complex, Gibson County Coal, LLC’s mining complex, which includes the Gibson North mine and Gibson South mine, Hopkins County Coal, LLC’s mining complex, which includes the Elk Creek mine, the Pleasant View surface mineable reserves and the Fies property, White County Coal, LLC’s, Pattiki mining complex, Warrior Coal, LLC’s mining complex, Sebree Mining, LLC’s mining complex, which includes the Onton mine and River View Coal, LLC mining complex.

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