Alliance Resource Partners’ (ARLP) Buy Rating Reiterated at Benchmark

Alliance Resource Partners (NASDAQ:ARLP)‘s stock had its “buy” rating reiterated by equities researchers at Benchmark in a note issued to investors on Tuesday,Benzinga reports. They currently have a $29.00 target price on the energy company’s stock, up from their prior target price of $27.00. Benchmark’s price objective suggests a potential upside of 3.53% from the company’s current price.

Other equities analysts have also issued research reports about the stock. StockNews.com lowered shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. Singular Research lowered Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, December 2nd.

Alliance Resource Partners Trading Up 1.5 %

Shares of NASDAQ ARLP traded up $0.41 during midday trading on Tuesday, hitting $28.01. The stock had a trading volume of 70,480 shares, compared to its average volume of 438,953. Alliance Resource Partners has a 1-year low of $18.32 and a 1-year high of $30.56. The company has a fifty day moving average price of $26.99 and a 200 day moving average price of $25.59. The company has a quick ratio of 1.69, a current ratio of 2.36 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of 7.95 and a beta of 1.16.

Alliance Resource Partners (NASDAQ:ARLP) last released its earnings results on Monday, February 3rd. The energy company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.38). Alliance Resource Partners had a net margin of 18.52% and a return on equity of 23.74%. On average, analysts predict that Alliance Resource Partners will post 3.19 earnings per share for the current year.

Insider Activity at Alliance Resource Partners

In other Alliance Resource Partners news, SVP Timothy J. Whelan sold 10,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $28.00, for a total transaction of $280,000.00. Following the completion of the transaction, the senior vice president now directly owns 157,946 shares in the company, valued at $4,422,488. This represents a 5.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 16.80% of the company’s stock.

Hedge Funds Weigh In On Alliance Resource Partners

Several institutional investors have recently added to or reduced their stakes in ARLP. USA Financial Formulas bought a new position in shares of Alliance Resource Partners in the fourth quarter worth about $33,000. Eastern Bank bought a new position in Alliance Resource Partners during the third quarter worth about $72,000. Bogart Wealth LLC acquired a new position in shares of Alliance Resource Partners during the 4th quarter worth about $127,000. MONECO Advisors LLC bought a new stake in shares of Alliance Resource Partners in the 4th quarter valued at about $201,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of Alliance Resource Partners in the 3rd quarter valued at approximately $206,000. 18.11% of the stock is owned by institutional investors.

About Alliance Resource Partners

Alliance Resource Partners, L.P., a diversified natural resource company, produces and markets coal primarily to utilities and industrial users in the United States. The company operates through four segments: Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties, and Coal Royalties.