Alliance Resource Partners, L.P. (NASDAQ:ARLP) shares dropped 3.8% during trading on Thursday . The stock traded as low as $17.14 and last traded at $17.44, with a volume of 163,733 shares. The stock had previously closed at $18.13.

ARLP has been the topic of several analyst reports. FBR & Co lifted their target price 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. Zacks Investment Research raised shares of Alliance Resource Partners, L.P. from a “sell” rating to a “hold” rating in a research note on Tuesday, April 5th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $21.00.

The company has a market cap of $1.24 billion and a price-to-earnings ratio of 10.83. The stock’s 50-day moving average price is $15.36 and its 200 day moving average price is $13.50.

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

Several hedge funds and institutional investors have recently bought and sold shares of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased 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. GSA Capital Partners LLP increased its stake in shares of Alliance Resource Partners, L.P. by 103.1% in the fourth quarter. GSA Capital Partners LLP now owns 206,897 shares of the company’s stock worth $2,791,000 after buying an additional 105,011 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Alliance Resource Partners, L.P. during the fourth quarter worth about $2,493,000. Penserra Capital Management LLC bought a new stake in shares of Alliance Resource Partners, L.P. during the fourth quarter worth about $4,054,000. Finally, Edge Asset Management Inc. increased its stake in shares of 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.

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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