Alliance Resource Partners, L.P. (NASDAQ:ARLP)’s share price traded up 4.5% during trading on Wednesday . The stock traded as high as $16.68 and last traded at $16.66, with a volume of 146,041 shares trading hands. The stock had previously closed at $15.95.

A number of research firms recently issued reports on ARLP. Zacks Investment Research raised shares of Alliance Resource Partners, L.P. from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Wednesday, May 4th. FBR & Co increased their price target on shares of Alliance Resource Partners, L.P. from $18.00 to $19.00 and gave the stock an “outperform” rating in a research note on Monday, May 2nd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Alliance Resource Partners, L.P. presently has an average rating of “Buy” and an average target price of $21.00.

The firm’s 50-day moving average price is $15.27 and its 200 day moving average price is $13.47. The firm has a market capitalization of $1.35 billion and a price-to-earnings ratio of 11.73.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) last issued its quarterly earnings data on Tuesday, April 26th. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by $0.08. During the same period in the prior year, the firm earned $0.92 earnings per share. The business had revenue of $412.80 million for the quarter, compared to analyst estimates of $460.93 million. The firm’s quarterly revenue was down 26.3% on a year-over-year basis. On average, analysts expect that Alliance Resource Partners, L.P. will post $2.06 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in ARLP. Marshall Wace LLP purchased a new position in Alliance Resource Partners, L.P. during the fourth quarter worth approximately $2,493,000. Principal Financial Group Inc. boosted its position in Alliance Resource Partners, L.P. by 18.4% in the fourth quarter. Principal Financial Group Inc. now owns 214,091 shares of the company’s stock worth $2,888,000 after buying an additional 33,219 shares in the last quarter. Edge Asset Management Inc. boosted its position in Alliance Resource Partners, L.P. by 28.3% in the fourth quarter. Edge Asset Management Inc. now owns 1,544,699 shares of the company’s stock worth $20,838,000 after buying an additional 340,725 shares in the last quarter. Morgan Stanley boosted its position in Alliance Resource Partners, L.P. by 75.1% in the fourth quarter. Morgan Stanley now owns 878,997 shares of the company’s stock worth $11,858,000 after buying an additional 377,083 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Alliance Resource Partners, L.P. by 443.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 90,949 shares of the company’s stock worth $1,227,000 after buying an additional 74,220 shares in the last quarter.

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. It operates over 10 underground mining complexes in Illinois, Indiana, Kentucky, Maryland and West Virginia.

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