Alliance Resource Partners (NASDAQ:ARLP) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Friday.

Several other research analysts have also commented on the stock. Stifel Nicolaus reduced their price objective on shares of Alliance Resource Partners from $22.00 to $21.00 and set a “hold” rating for the company in a research note on Wednesday, November 15th. Zacks Investment Research lowered shares of Alliance Resource Partners from a “buy” rating to a “sell” rating in a research note on Friday, October 27th. FBR & Co set a $30.00 price objective on shares of Alliance Resource Partners and gave the stock a “buy” rating in a research note on Tuesday, October 31st. BidaskClub upgraded shares of Alliance Resource Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. Finally, B. Riley reiterated a “buy” rating and set a $30.00 price objective on shares of Alliance Resource Partners in a research note on Tuesday, January 30th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $26.12.

Alliance Resource Partners (NASDAQ:ARLP) traded down $0.40 during trading hours on Friday, hitting $18.00. 524,584 shares of the stock traded hands, compared to its average volume of 376,824. Alliance Resource Partners has a twelve month low of $17.60 and a twelve month high of $24.85. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.53 and a current ratio of 0.82. The company has a market cap of $2,350.00, a price-to-earnings ratio of 5.14 and a beta of 0.68.

Alliance Resource Partners (NASDAQ:ARLP) last posted its quarterly earnings results on Monday, January 29th. The energy company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.03). Alliance Resource Partners had a net margin of 16.90% and a return on equity of 26.77%. The business had revenue of $483.00 million during the quarter, compared to the consensus estimate of $478.15 million. During the same quarter in the prior year, the firm posted $1.30 EPS. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. sell-side analysts expect that Alliance Resource Partners will post 2.24 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. TCI Wealth Advisors Inc. increased its stake in Alliance Resource Partners by 66.0% during the 4th quarter. TCI Wealth Advisors Inc. now owns 6,638 shares of the energy company’s stock valued at $131,000 after purchasing an additional 2,638 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in Alliance Resource Partners during the 4th quarter valued at approximately $132,000. Schroder Investment Management Group acquired a new position in Alliance Resource Partners during the 4th quarter valued at approximately $167,000. Huntington National Bank acquired a new position in Alliance Resource Partners during the 4th quarter valued at approximately $188,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in Alliance Resource Partners during the 3rd quarter valued at approximately $193,000. Hedge funds and other institutional investors own 14.30% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Alliance Resource Partners (ARLP) Stock Rating Lowered by ValuEngine” was published by Daily Political and is owned by of Daily Political. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this piece of content can be accessed at https://www.dailypolitical.com/2018/02/09/alliance-resource-partners-arlp-stock-rating-lowered-by-valuengine.html.

Alliance Resource Partners Company Profile

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. The Illinois Basin segment consists of various operating segments, including Webster County Coal, LLC’s Dotiki mining complex, Gibson County Coal, LLC’s mining complex, which includes the Gibson North mine and Gibson South mine, Hopkins County Coal, LLC’s mining complex, which includes the Elk Creek mine, the Pleasant View surface mineable reserves and the Fies property, White County Coal, LLC’s, Pattiki mining complex, Warrior Coal, LLC’s mining complex, Sebree Mining, LLC’s mining complex, which includes the Onton mine and River View Coal, LLC mining complex.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Alliance Resource Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliance Resource Partners and related companies with MarketBeat.com's FREE daily email newsletter.