Alliance Resource Partners (NASDAQ:ARLP) Stock Rating Upgraded by StockNews.com

Alliance Resource Partners (NASDAQ:ARLP) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday.

Separately, Benchmark lifted their price objective on shares of Alliance Resource Partners from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th.

Alliance Resource Partners Stock Down 0.3 %

Shares of NASDAQ:ARLP traded down $0.08 during trading on Thursday, reaching $26.81. 665,524 shares of the company traded hands, compared to its average volume of 236,092. The company has a quick ratio of 1.80, a current ratio of 2.53 and a debt-to-equity ratio of 0.24. Alliance Resource Partners has a 1-year low of $18.32 and a 1-year high of $27.80. The firm has a fifty day simple moving average of $24.69 and a 200 day simple moving average of $24.10. The firm has a market cap of $3.43 billion, a P/E ratio of 7.62 and a beta of 1.14.

Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly earnings data on Monday, October 28th. The energy company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.16). Alliance Resource Partners had a net margin of 18.52% and a return on equity of 23.80%. The business had revenue of $613.57 million during the quarter, compared to analyst estimates of $646.17 million. During the same period in the previous year, the firm posted $1.18 EPS. Analysts anticipate that Alliance Resource Partners will post 3.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ARLP. Continuum Advisory LLC bought a new position in Alliance Resource Partners in the 2nd quarter worth $27,000. Beacon Capital Management LLC raised its holdings in Alliance Resource Partners by 135.8% in the 2nd quarter. Beacon Capital Management LLC now owns 1,462 shares of the energy company’s stock worth $36,000 after acquiring an additional 842 shares during the period. Cove Street Capital LLC bought a new position in Alliance Resource Partners in the 2nd quarter worth $49,000. Mather Group LLC. bought a new position in Alliance Resource Partners in the 2nd quarter worth $51,000. Finally, Pathway Financial Advisers LLC bought a new position in shares of Alliance Resource Partners during the 1st quarter worth about $54,000. Institutional investors own 18.11% of the company’s stock.

About Alliance Resource Partners

Alliance Resource Partners, L.P., a diversified natural resource company, produces and markets coal primarily to utilities and industrial users in the United States. The company operates through four segments: Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties, and Coal Royalties.