Equities research analysts at StockNews.com assumed coverage on shares of Alliance Resource Partners (NASDAQ:ARLP – Get Rating) in a report released on Thursday. The firm set a “strong-buy” rating on the energy company’s stock.
Several other research firms also recently weighed in on ARLP. Benchmark reissued a “buy” rating and set a $28.00 price objective on shares of Alliance Resource Partners in a report on Tuesday, January 31st. Noble Financial started coverage on Alliance Resource Partners in a report on Wednesday, February 1st. They set a “buy” rating and a $32.00 price objective on the stock.
Alliance Resource Partners Trading Down 0.7 %
Shares of ARLP stock opened at $18.86 on Thursday. The stock’s fifty day moving average price is $20.74 and its two-hundred day moving average price is $22.22. The company has a market cap of $2.40 billion, a PE ratio of 4.30 and a beta of 1.36. Alliance Resource Partners has a fifty-two week low of $14.10 and a fifty-two week high of $27.63. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.26 and a current ratio of 2.56.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of ARLP. Raymond James & Associates raised its position in Alliance Resource Partners by 20.2% during the 1st quarter. Raymond James & Associates now owns 96,225 shares of the energy company’s stock worth $1,485,000 after purchasing an additional 16,170 shares during the last quarter. HighTower Advisors LLC raised its position in Alliance Resource Partners by 12.2% during the 1st quarter. HighTower Advisors LLC now owns 14,110 shares of the energy company’s stock worth $218,000 after purchasing an additional 1,535 shares during the last quarter. Sei Investments Co. raised its position in Alliance Resource Partners by 23.4% during the 1st quarter. Sei Investments Co. now owns 177,438 shares of the energy company’s stock worth $2,738,000 after purchasing an additional 33,635 shares during the last quarter. Mariner LLC raised its position in shares of Alliance Resource Partners by 4.6% in the 1st quarter. Mariner LLC now owns 22,149 shares of the energy company’s stock worth $342,000 after acquiring an additional 977 shares in the last quarter. Finally, ING Groep NV raised its position in shares of Alliance Resource Partners by 210.1% in the 1st quarter. ING Groep NV now owns 307,000 shares of the energy company’s stock worth $4,737,000 after acquiring an additional 208,000 shares in the last quarter.
About Alliance Resource Partners
Alliance Resource Partners LP is a natural resource company, which produces and markets coal to United States utilities and industrial users. It operates through the following segments: Illinois Basin, Appalachia, Minerals, and Other & Corporate. The Illinois Basin segment is comprised of Webster County coal’s Dotiki mining complex, Gibson mining complex, which includes the Gibson north mine and the Gibson south project, Hopkins County coal’s Elk Creek mining complex, White County coal’s Pattiki mining complex, Warrior’s mining complex, River View’s mining complex, the Sebree property and certain properties of Alliance Resource Properties and ARP Sebree LLC.
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