Clarkson Capital started coverage on shares of Alliance Resource Partners (NASDAQ:ARLP) in a report issued on Tuesday, The Fly reports. The brokerage issued a buy rating and a $20.00 target price on the energy company’s stock.

Several other equities analysts also recently issued reports on the stock. BidaskClub raised shares of Zebra Technologies from a hold rating to a buy rating in a report on Saturday, July 6th. ValuEngine downgraded shares of Verso from a hold rating to a sell rating in a report on Thursday, May 23rd. Finally, Zacks Investment Research downgraded shares of EXACT Sciences from a hold rating to a sell rating in a report on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $20.50.

ARLP opened at $17.86 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.70 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $2.29 billion, a P/E ratio of 7.32 and a beta of 0.92. Alliance Resource Partners has a 52-week low of $16.50 and a 52-week high of $20.99. The firm’s fifty day moving average is $17.27.

Alliance Resource Partners (NASDAQ:ARLP) last posted its quarterly earnings data on Monday, April 29th. The energy company reported $1.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.34. The business had revenue of $526.60 million for the quarter, compared to the consensus estimate of $523.00 million. Alliance Resource Partners had a net margin of 23.51% and a return on equity of 30.52%. The company’s revenue was up 15.2% compared to the same quarter last year. During the same period last year, the firm posted $1.16 earnings per share. As a group, sell-side analysts expect that Alliance Resource Partners will post 3.1 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the company. Abacus Planning Group Inc. purchased a new position in shares of Alliance Resource Partners in the fourth quarter worth about $246,000. Valeo Financial Advisors LLC lifted its stake in shares of Alliance Resource Partners by 185.7% in the second quarter. Valeo Financial Advisors LLC now owns 3,525 shares of the energy company’s stock worth $60,000 after buying an additional 2,291 shares in the last quarter. Arlington Partners LLC purchased a new position in shares of Alliance Resource Partners in the second quarter worth about $114,000. Chiron Investment Management LLC lifted its stake in shares of Alliance Resource Partners by 19.6% in the fourth quarter. Chiron Investment Management LLC now owns 9,784 shares of the energy company’s stock worth $170,000 after buying an additional 1,600 shares in the last quarter. Finally, Cetera Advisors LLC purchased a new position in shares of Alliance Resource Partners in the first quarter worth about $203,000. 25.00% of the stock is currently owned by hedge funds and other institutional investors.

Alliance Resource Partners Company Profile

Alliance Resource Partners, L.P. produces and markets coal primarily to utilities and industrial users in the United States. The company operates through two segments, Illinois Basin and Appalachia. It produces a range of steam and metallurgical coal with sulfur and heat contents. The company operates eight underground mining complexes in Illinois, Indiana, Kentucky, Maryland, and West Virginia.

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