Rating Buzzer: Alliance Resource (NASDAQ:ARLP) Investors: FBR & Co. Keeps “Outperform” Rating, Sees $28.0/Share

November 23, 2016 - By Michael Collier

Rating Buzzer: Alliance Resource (NASDAQ:ARLP) Investors: FBR & Co. Keeps

Alliance Resource (NASDAQ:ARLP) Rating

In a report released on Wednesday morning, Alliance Resource (NASDAQ:ARLP) stock “Outperform” was reiterated at FBR & Co.. They currently have a $28.0 target price per share on the stock. FBR & Co.’s target price per share would suggest a potential upside of 19.15% from the company’s current stock price.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) Ratings Coverage

Out of 5 analysts covering Alliance Resource Partners (NASDAQ:ARLP), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $34 is the highest target while $19 is the lowest. The $27.17 average target is 8.68% above today’s ($25) stock price. Alliance Resource Partners has been the topic of 13 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm earned “Strong Sell” rating on Thursday, August 6 by Zacks. The stock has “Buy” rating given by Deutsche Bank on Monday, October 5. The rating was maintained by Cowen & Co on Thursday, July 30 with “Outperform”. As per Tuesday, November 1, the company rating was maintained by FBR Capital. FBR Capital maintained Alliance Resource Partners, L.P. (NASDAQ:ARLP) rating on Monday, May 2. FBR Capital has “Outperform” rating and $19 price target. The firm has “Outperform” rating by FBR Capital given on Thursday, October 13. The stock of Alliance Resource Partners, L.P. (NASDAQ:ARLP) has “Buy” rating given on Monday, October 31 by Seaport Global Securities. The firm earned “Outperform” rating on Friday, September 18 by FBR Capital. The rating was maintained by Cowen & Co on Tuesday, November 3 with “Outperform”.

The stock increased 4.17% or $1 on October 31, hitting $25. Alliance Resource Partners, L.P. (NASDAQ:ARLP) has risen 61.96% since April 21, 2016 and is uptrending. It has outperformed by 56.63% the S&P500.

Insitutional Activity: The institutional sentiment increased to 1.18 in 2016 Q2. Its up 0.26, from 0.92 in 2016Q1. The ratio improved, as 17 funds sold all Alliance Resource Partners, L.P. shares owned while 21 reduced positions. 14 funds bought stakes while 21 increased positions. They now own 17.03 million shares or 6.75% less from 18.26 million shares in 2016Q1.

Ladenburg Thalmann Svcs Incorporated holds 0% or 10,469 shares in its portfolio. Babson Capital Mgmt Lc, a Massachusetts-based fund reported 89,864 shares. Gsa Cap Prns Llp holds 0.38% or 432,682 shares in its portfolio. Acadian Asset Mngmt Ltd last reported 0.04% of its portfolio in the stock. Edmp reported 29,475 shares or 0.45% of all its holdings. Kistler owns 400 shares or 0% of their US portfolio. Van Eck Associate Corporation has 311,787 shares for 0.03% of their US portfolio. Royal National Bank Of Canada holds 43,400 shares or 0% of its portfolio. Salient Capital Advsrs Lc has 162,210 shares for 0.06% of their US portfolio. Willingdon Wealth owns 51,439 shares or 0.42% of their US portfolio. Barclays Public Ltd Com has invested 0% of its portfolio in Alliance Resource Partners, L.P. (NASDAQ:ARLP). Lucus Advsrs Ltd Com accumulated 21,741 shares or 0.28% of the stock. Hl Service Ltd Com has 10,400 shares for 0% of their US portfolio. Riverpoint Limited has invested 0.08% of its portfolio in Alliance Resource Partners, L.P. (NASDAQ:ARLP). Airain last reported 0.03% of its portfolio in the stock.

Insider Transactions: Since August 3, 2016, the stock had 0 buys, and 1 insider sale for $328,709 net activity. Fouch Robert J had sold 17,000 shares worth $328,709.

Alliance Resource Partners, L.P. is a producer and marketer of coal primarily to the United States utilities and industrial users. The company has a market cap of $1.88 billion. The Firm operates through divisions, including Illinois Basin, Appalachia, and Other and Corporate. It has a 15.3 P/E ratio. It operates over 10 underground mining complexes in Illinois, Indiana, Kentucky, Maryland and West Virginia.

According to Zacks Investment Research, “ALLIANCE RESOURCES is a diversified producer and marketer of coal to major U.S. utilities and industrial users. They currently operate mining complexes in Illinois, Indiana, Kentucky and Maryland. Some of their mining complexes are underground and one has both surface and underground mines. They produce a diverse range of steam coals with varying sulfur and heat contents, which enable them to satisfy the broad range of specifications demanded by their customers.”

ARLP Company Profile

Alliance Resource Partners, L.P., incorporated on May 17, 1999, is a producer and marketer of coal primarily to the United States utilities and industrial users. The Firm operates through divisions, including Illinois Basin, Appalachia, and Other and Corporate. The Firm operates approximately 10 underground mining complexes in Illinois, Indiana, Kentucky, Maryland and West Virginia. The Firm also operates a coal loading terminal on the Ohio River at Mt. Vernon, Indiana. The Company’s mining activities are conducted in approximately two geographic regions: the Illinois Basin and Appalachian region.

More notable recent Alliance Resource Partners, L.P. (NASDAQ:ARLP) news were published by: Fool.com which released: “Better Buy: Alliance Resource Partners LP vs. Westmoreland Coal” on April 23, 2016, also Fool.com with their article: “Why Alliance Resource Partners LP Shares Advanced 10.95% in March” published on April 10, 2016, Fool.com published: “Better Buy: Alliance Resource Partners LP vs. CONSOL Energy” on October 04, 2016. More interesting news about Alliance Resource Partners, L.P. (NASDAQ:ARLP) were released by: Fool.com and their article: “A Stronger Coal Market Fuels Alliance Resource Partners, LP Earnings” published on October 28, 2016 as well as Fool.com‘s news article titled: “Why Alliance Resource Partners, LP, Alliance Holdings GP, LP, and Cloud Peak …” with publication date: November 07, 2016.

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