StockNews.com Downgrades Alliance Resource Partners (NASDAQ:ARLP) to Hold

Alliance Resource Partners (NASDAQ:ARLP) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

Several other equities research analysts have also commented on ARLP. Benchmark restated a “buy” rating and issued a $29.00 price objective (up previously from $27.00) on shares of Alliance Resource Partners in a research report on Tuesday. 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 Down 0.6 %

Alliance Resource Partners stock opened at $27.98 on Wednesday. The company has a quick ratio of 1.69, a current ratio of 2.36 and a debt-to-equity ratio of 0.24. Alliance Resource Partners has a 52 week low of $18.32 and a 52 week high of $30.56. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of 7.95 and a beta of 1.16. The stock has a 50-day moving average price of $26.99 and a 200 day moving average price of $25.64.

Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly earnings data 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 return on equity of 23.74% and a net margin of 18.52%. Sell-side analysts anticipate that Alliance Resource Partners will post 3.19 EPS for the current year.

Insider Activity

In other news, SVP Timothy J. Whelan sold 10,000 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now owns 157,946 shares in the company, valued at $4,422,488. This trade represents a 5.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 16.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ARLP. Atlanta Consulting Group Advisors LLC acquired a new position in Alliance Resource Partners in the 3rd quarter valued at $29,144,000. Raymond James Financial Inc. acquired a new position in Alliance Resource Partners in the 4th quarter valued at $14,564,000. Progeny 3 Inc. raised its stake in Alliance Resource Partners by 3.4% in the 3rd quarter. Progeny 3 Inc. now owns 2,904,181 shares of the energy company’s stock valued at $72,605,000 after purchasing an additional 96,780 shares during the last quarter. GraniteShares Advisors LLC acquired a new position in Alliance Resource Partners in the 4th quarter valued at $2,493,000. Finally, Recurrent Investment Advisors LLC raised its stake in Alliance Resource Partners by 6.2% in the 3rd quarter. Recurrent Investment Advisors LLC now owns 1,145,145 shares of the energy company’s stock valued at $28,629,000 after purchasing an additional 66,761 shares during the last quarter. 18.11% of the stock is owned by institutional investors and hedge funds.

Alliance Resource Partners Company Profile

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.