Alliance Resource Partners, L.P. (NASDAQ:ARLP) shares rose 2.5% on Friday . The stock traded as high as $17.95 and last traded at $17.83, with a volume of 270,556 shares traded. The stock had previously closed at $17.40.

ARLP has been the subject of several recent research reports. Zacks Investment Research raised Alliance Resource Partners, L.P. from a “sell” rating to a “hold” rating in a research report on Tuesday, April 5th. FBR & Co increased their price target on Alliance Resource Partners, L.P. from $18.00 to $19.00 and gave the company an “outperform” rating in a research report on Monday, May 2nd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Alliance Resource Partners, L.P. presently has an average rating of “Buy” and a consensus price target of $21.00.

The firm has a market cap of $1.33 billion and a PE ratio of 11.54. The stock’s 50 day moving average is $15.87 and its 200-day moving average is $13.69.

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

Several hedge funds and institutional investors have bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised 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 valued at $1,227,000 after buying an additional 74,220 shares during the period. Marshall Wace LLP acquired a new position in Alliance Resource Partners, L.P. during the fourth quarter valued at $2,493,000. GSA Capital Partners LLP raised its position in 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 during the period. Penserra Capital Management LLC acquired a new position in Alliance Resource Partners, L.P. during the fourth quarter valued at $4,054,000. Finally, Morgan Stanley raised 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 valued at $11,858,000 after buying an additional 377,083 shares during the period.

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.