Alliance Resource Partners (NASDAQ:ARLP) Stock Rating Lowered by Zacks Research

Alliance Resource Partners (NASDAQ:ARLP) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

ARLP has been the subject of several other reports. Wall Street Zen raised shares of Alliance Resource Partners from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings lowered Alliance Resource Partners from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Alliance Resource Partners has an average rating of “Moderate Buy” and an average target price of $30.00.

Alliance Resource Partners Stock Down 1.0%

Shares of NASDAQ ARLP opened at $25.67 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.75 and a quick ratio of 1.32. The stock has a market capitalization of $3.30 billion, a PE ratio of 12.52 and a beta of 0.22. Alliance Resource Partners has a one year low of $22.20 and a one year high of $29.45. The business’s fifty day moving average price is $24.76 and its 200-day moving average price is $25.63.

Alliance Resource Partners (NASDAQ:ARLP) last announced its quarterly earnings data on Monday, July 27th. The energy company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Alliance Resource Partners had a return on equity of 17.70% and a net margin of 12.25%.The firm had revenue of $551.56 million during the quarter, compared to analysts’ expectations of $554.30 million. On average, equities research analysts anticipate that Alliance Resource Partners will post 2.65 EPS for the current year.

Insider Buying and Selling at Alliance Resource Partners

In other news, Director Ronna R. Mcdaniel bought 3,000 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was bought at an average price of $26.11 per share, for a total transaction of $78,330.00. Following the transaction, the director directly owned 3,000 shares of the company’s stock, valued at $78,330. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 16.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Morgan Stanley lifted its holdings in shares of Alliance Resource Partners by 95.4% in the 4th quarter. Morgan Stanley now owns 3,363,174 shares of the energy company’s stock worth $78,127,000 after acquiring an additional 1,641,741 shares during the last quarter. Progeny 3 Inc. grew its holdings in shares of Alliance Resource Partners by 0.3% during the 4th quarter. Progeny 3 Inc. now owns 3,282,671 shares of the energy company’s stock valued at $76,256,000 after purchasing an additional 8,290 shares during the last quarter. Energy Income Partners LLC raised its position in Alliance Resource Partners by 145.9% in the 1st quarter. Energy Income Partners LLC now owns 737,328 shares of the energy company’s stock worth $20,387,000 after purchasing an additional 437,486 shares during the period. ING Groep NV boosted its position in Alliance Resource Partners by 76.7% during the fourth quarter. ING Groep NV now owns 668,000 shares of the energy company’s stock valued at $15,518,000 after buying an additional 289,900 shares during the period. Finally, Barclays PLC boosted its position in Alliance Resource Partners by 3.3% during the third quarter. Barclays PLC now owns 657,191 shares of the energy company’s stock valued at $16,617,000 after buying an additional 21,116 shares during the period. 18.11% of the stock is currently owned by institutional investors.

About Alliance Resource Partners

Alliance Resource Partners, L.P. (NASDAQ: ARLP) is a Tulsa, Oklahoma–based master limited partnership engaged in the production, marketing and transportation of bituminous coal. Through its subsidiaries, the company develops, owns and operates surface and underground coal mines, providing fuel primarily for electric power generation and various industrial applications. Alliance’s integrated business model covers the extraction of raw coal, processing at preparation plants and delivery to domestic and export customers.

The partnership operates multiple mining complexes across Illinois, Indiana, Kentucky and West Virginia.