Brokerages Set Alliance Resource Partners, L.P. (ARLP) PT at $26.43

Alliance Resource Partners, L.P. (NASDAQ:ARLP) has been assigned a consensus recommendation of “Buy” from the eight research firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $27.32.

ARLP has been the topic of several recent analyst reports. ValuEngine downgraded shares of Alliance Resource Partners, L.P. from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research raised shares of Alliance Resource Partners, L.P. from a “strong sell” rating to a “hold” rating in a research note on Friday, August 25th. Finally, BidaskClub downgraded shares of Alliance Resource Partners, L.P. from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th.

In related news, Director John P. Neafsey purchased 10,000 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were purchased at an average cost of $19.55 per share, for a total transaction of $195,500.00. Following the completion of the acquisition, the director now owns 51,604 shares in the company, valued at approximately $1,008,858.20. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 44.03% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Alliancebernstein L.P. grew its holdings in shares of Alliance Resource Partners, L.P. by 5.9% in the second quarter. Alliancebernstein L.P. now owns 10,284 shares of the energy company’s stock worth $194,000 after purchasing an additional 576 shares during the last quarter. QS Investors LLC grew its holdings in shares of Alliance Resource Partners, L.P. by 19.3% in the second quarter. QS Investors LLC now owns 13,112 shares of the energy company’s stock worth $248,000 after purchasing an additional 2,117 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of Alliance Resource Partners, L.P. by 2.8% in the second quarter. IFP Advisors Inc now owns 13,729 shares of the energy company’s stock worth $259,000 after purchasing an additional 373 shares during the last quarter. Mariner Wealth Advisors LLC grew its holdings in shares of Alliance Resource Partners, L.P. by 19.6% in the second quarter. Mariner Wealth Advisors LLC now owns 15,268 shares of the energy company’s stock worth $289,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Pinnacle Financial Partners Inc. bought a new position in shares of Alliance Resource Partners, L.P. in the second quarter worth about $291,000. Hedge funds and other institutional investors own 14.88% of the company’s stock.

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Shares of Alliance Resource Partners, L.P. (NASDAQ ARLP) traded up 1.24% during midday trading on Thursday, reaching $20.35. 341,585 shares of the company’s stock were exchanged. The stock has a market cap of $2.66 billion, a PE ratio of 4.92 and a beta of 0.70. Alliance Resource Partners, L.P. has a 12-month low of $17.65 and a 12-month high of $26.65. The stock’s 50 day moving average is $19.36 and its 200-day moving average is $20.20.

About Alliance Resource Partners, L.P.

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.

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