BidaskClub Upgrades Alliance Resource Partners (ARLP) to “Sell”

BidaskClub upgraded shares of Alliance Resource Partners (NASDAQ:ARLP) from a strong sell rating to a sell rating in a research report report published on Tuesday, December 19th.

ARLP has been the subject of several other reports. B. Riley reiterated a buy rating on shares of Alliance Resource Partners in a report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Alliance Resource Partners from a strong sell rating to a hold rating in a report on Friday, August 25th. ValuEngine upgraded shares of Alliance Resource Partners from a hold rating to a buy rating in a report on Monday, October 2nd. FBR & Co set a $30.00 price objective on shares of Alliance Resource Partners and gave the stock a buy rating in a report on Tuesday, October 31st. Finally, Stifel Nicolaus decreased their price objective on shares of Alliance Resource Partners from $22.00 to $21.00 and set a hold rating for the company in a report on Wednesday, November 15th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $25.32.

Alliance Resource Partners (NASDAQ ARLP) traded down $0.30 during midday trading on Tuesday, hitting $20.80. The company had a trading volume of 494,879 shares, compared to its average volume of 335,914. The company has a quick ratio of 0.53, a current ratio of 0.82 and a debt-to-equity ratio of 0.39. Alliance Resource Partners has a 12 month low of $17.60 and a 12 month high of $25.55. The company has a market capitalization of $2,720.00, a PE ratio of 5.42 and a beta of 0.74.

Alliance Resource Partners (NASDAQ:ARLP) last issued its quarterly earnings data on Monday, October 30th. The energy company reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.13). Alliance Resource Partners had a return on equity of 31.11% and a net margin of 18.96%. The company had revenue of $453.19 million during the quarter, compared to analysts’ expectations of $474.34 million. During the same quarter last year, the business earned $0.91 earnings per share. The business’s quarterly revenue was down 17.9% on a year-over-year basis. equities analysts anticipate that Alliance Resource Partners will post 3.06 EPS for the current year.

A number of large investors have recently bought and sold shares of ARLP. Principal Financial Group Inc. grew its position in Alliance Resource Partners by 959.6% in the 2nd quarter. Principal Financial Group Inc. now owns 1,509,653 shares of the energy company’s stock worth $28,532,000 after purchasing an additional 1,367,177 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in Alliance Resource Partners in the 2nd quarter worth approximately $7,600,000. Goldman Sachs Group Inc. grew its position in Alliance Resource Partners by 26.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 967,641 shares of the energy company’s stock worth $18,289,000 after purchasing an additional 201,213 shares during the period. ING Groep NV bought a new stake in Alliance Resource Partners in the 3rd quarter worth approximately $1,935,000. Finally, JPMorgan Chase & Co. grew its position in Alliance Resource Partners by 12.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 843,816 shares of the energy company’s stock worth $15,738,000 after purchasing an additional 94,379 shares during the period. 14.36% of the stock is owned by institutional investors and hedge funds.

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About Alliance Resource Partners

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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