FY2018 EPS Estimates for Alliance Resource Partners, L.P. (ARLP) Raised by Analyst

Alliance Resource Partners, L.P. (NASDAQ:ARLP) – Equities research analysts at Seaport Global Securities upped their FY2018 EPS estimates for shares of Alliance Resource Partners in a research report issued on Monday, April 23rd. Seaport Global Securities analyst M. Levin now anticipates that the energy company will post earnings of $2.32 per share for the year, up from their prior estimate of $2.28. Seaport Global Securities has a “Buy” rating and a $20.00 price objective on the stock.

Other analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Alliance Resource Partners from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Friday, February 2nd. B. Riley reiterated a “buy” rating and set a $30.00 target price on shares of Alliance Resource Partners in a report on Tuesday, January 30th. BidaskClub upgraded shares of Alliance Resource Partners from a “hold” rating to a “buy” rating in a report on Friday, January 26th. Stifel Nicolaus set a $22.00 target price on shares of Alliance Resource Partners and gave the stock a “hold” rating in a report on Tuesday, January 16th. Finally, ValuEngine lowered shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $25.00.

Alliance Resource Partners stock opened at $16.00 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 0.97 and a debt-to-equity ratio of 0.41. The stock has a market cap of $2,117.41, a PE ratio of 5.29 and a beta of 0.74. Alliance Resource Partners has a 1-year low of $15.82 and a 1-year high of $23.45.

Alliance Resource Partners (NASDAQ:ARLP) last posted its earnings results on Monday, January 29th. The energy company reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.03). The firm had revenue of $483.00 million for the quarter, compared to analysts’ expectations of $478.15 million. Alliance Resource Partners had a return on equity of 26.79% and a net margin of 16.90%. The business’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.30 earnings per share.

A number of institutional investors and hedge funds have recently modified their holdings of ARLP. Advantage Investment Management LLC lifted its holdings in Alliance Resource Partners by 1,441.2% in the fourth quarter. Advantage Investment Management LLC now owns 5,317 shares of the energy company’s stock worth $105,000 after buying an additional 4,972 shares during the period. TCI Wealth Advisors Inc. lifted its holdings in Alliance Resource Partners by 66.0% in the fourth quarter. TCI Wealth Advisors Inc. now owns 6,638 shares of the energy company’s stock worth $131,000 after buying an additional 2,638 shares during the period. Tower Research Capital LLC TRC purchased a new stake in Alliance Resource Partners in the fourth quarter worth about $132,000. Schroder Investment Management Group purchased a new stake in Alliance Resource Partners in the fourth quarter worth about $167,000. Finally, Huntington National Bank purchased a new stake in Alliance Resource Partners in the fourth quarter worth about $188,000. Institutional investors and hedge funds own 14.36% of the company’s stock.

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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.

Earnings History and Estimates for Alliance Resource Partners (NASDAQ:ARLP)

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