Alliance Resource Partners (NASDAQ:ARLP) Raised to Sell at BidaskClub
Other analysts have also recently issued research reports about the stock. B. Riley raised shares of Smart Sand from a neutral rating to a buy rating and boosted their target price for the stock from $4.50 to $5.00 in a research note on Wednesday, July 17th. Zacks Investment Research cut shares of EXACT Sciences from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Clarkson Capital started coverage on shares of Alliance Resource Partners in a research note on Tuesday, July 9th. They set a buy rating and a $20.00 target price on the stock. Finally, ValuEngine cut shares of Verso from a hold rating to a sell rating in a research note on Thursday, May 23rd. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. Alliance Resource Partners currently has an average rating of Hold and a consensus target price of $20.33.
NASDAQ ARLP opened at $17.13 on Wednesday. The business’s fifty day moving average is $17.24. The company has a market capitalization of $2.20 billion, a PE ratio of 6.32 and a beta of 0.92. Alliance Resource Partners has a fifty-two week low of $16.50 and a fifty-two week high of $20.99. The company has a current ratio of 0.94, a quick ratio of 0.70 and a debt-to-equity ratio of 0.32.
Large investors have recently modified their holdings of the company. Brand Asset Management Group Inc. acquired a new position in shares of Alliance Resource Partners during the second quarter worth $35,000. Valeo Financial Advisors LLC lifted its holdings in shares of Alliance Resource Partners by 185.7% during the second quarter. Valeo Financial Advisors LLC now owns 3,525 shares of the energy company’s stock worth $60,000 after purchasing an additional 2,291 shares during the period. NEXT Financial Group Inc acquired a new position in Alliance Resource Partners in the second quarter valued at $60,000. Arlington Partners LLC acquired a new position in Alliance Resource Partners in the second quarter valued at $114,000. Finally, Bessemer Group Inc. acquired a new position in Alliance Resource Partners in the second quarter valued at $192,000. Institutional investors own 25.02% of the company’s stock.
About Alliance Resource Partners
Alliance Resource Partners, L.P. produces and markets coal primarily to utilities and industrial users in the United States. The company operates through two segments, Illinois Basin and Appalachia. It produces a range of steam and metallurgical coal with sulfur and heat contents. The company operates eight underground mining complexes in Illinois, Indiana, Kentucky, Maryland, and West Virginia.
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