Alliance Resource Partners, L.P. (NASDAQ:ARLP) shares saw unusually-strong trading volume on Wednesday . Approximately 311,162 shares traded hands during trading, a decline of 3% from the previous session’s volume of 319,500 shares.The stock last traded at $17.15 and had previously closed at $17.03.

Several analysts have commented on ARLP shares. Zacks Investment Research upgraded shares of Alliance Resource Partners, L.P. from a “sell” rating to a “hold” rating in a research note on Tuesday, April 5th. FBR & Co lifted their price objective on shares of Alliance Resource Partners, L.P. from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Monday, May 2nd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $21.00.

The stock has a market capitalization of $1.28 billion and a PE ratio of 11.13. The firm’s 50-day moving average is $15.70 and its 200-day moving average is $13.63.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) last announced its quarterly earnings results on Tuesday, April 26th. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by $0.08. During the same quarter in the prior year, the company earned $0.92 EPS. The business had revenue of $412.80 million for the quarter, compared to the consensus estimate of $460.93 million. The firm’s revenue was down 26.3% compared to the same quarter last year. On average, equities research analysts anticipate that Alliance Resource Partners, L.P. will post $2.06 earnings per share for the current year.

A number of institutional investors recently made changes to their positions in ARLP. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of 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 valued at $1,227,000 after buying an additional 74,220 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Alliance Resource Partners, L.P. during the fourth quarter valued at approximately $2,493,000. GSA Capital Partners LLP raised its position 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 valued at $2,791,000 after buying an additional 105,011 shares in the last quarter. Penserra Capital Management LLC bought a new position in shares of Alliance Resource Partners, L.P. during the fourth quarter valued at approximately $4,054,000. Finally, Morgan Stanley raised its position in shares of Alliance Resource Partners, L.P. by 75.1% in the fourth quarter. Morgan Stanley now owns 878,997 shares of the company’s stock valued at $11,858,000 after buying an additional 377,083 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.