Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) saw strong trading volume on Tuesday . 273,594 shares traded hands during trading, a decline of 16% from the previous session’s volume of 325,435 shares.The stock last traded at $17.81 and had previously closed at $17.74.

Several equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Alliance Resource Partners, L.P. from a “buy” rating to a “hold” rating in a research report on Monday, July 4th. FBR & Co raised 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 report 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’s stock. Alliance Resource Partners, L.P. has a consensus rating of “Buy” and an average price target of $21.00.

The stock has a market cap of $1.32 billion and a P/E ratio of 11.48. The company’s 50-day moving average price is $15.97 and its 200-day moving average price is $13.72.

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 analysts’ consensus estimates of $0.44 by $0.08. During the same period in the previous year, the business posted $0.92 earnings per share. The firm earned $412.80 million during the quarter, compared to the consensus estimate of $460.93 million. Alliance Resource Partners, L.P.’s revenue was down 26.3% compared to the same quarter last year. On average, equities research analysts forecast that Alliance Resource Partners, L.P. will post $2.06 EPS for the current year.

Several institutional investors have modified their holdings of ARLP. Penserra Capital Management LLC acquired a new position in shares of Alliance Resource Partners, L.P. during the fourth quarter valued at about $4,054,000. 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. 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. 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. Finally, Edge Asset Management Inc. raised its position 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 valued at $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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