Rating Worth Watching: FBR & Co. Kept Alliance Resource Partners (NASDAQ:ARLP) As Outperform; Has Price Objective Of $28.00

November 23, 2016 - By Winifred Garcia

Rating Worth Watching: FBR & Co. Kept Alliance Resource Partners (NASDAQ:ARLP) As Outperform; Has Price Objective Of $28.00

Alliance Resource Partners (NASDAQ:ARLP) Rating

New York: In a research report revealed on Wednesday morning, FBR & Co. reaffirmed their Outperform rating on shares of Alliance Resource Partners (NASDAQ:ARLP). They currently have a $28.00 target on the firm. FBR & Co.’s target gives a potential upside of 12.00% from the company’s last close 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. FBR Capital maintained the shares of ARLP in a report on Tuesday, November 1 with “Outperform” rating. The stock of Alliance Resource Partners, L.P. (NASDAQ:ARLP) earned “Buy” rating by Seaport Global Securities on Monday, October 31. Cowen & Co maintained the stock with “Outperform” rating in Thursday, July 30 report. The firm has “Outperform” rating by Cowen & Co given on Tuesday, November 3. The stock of Alliance Resource Partners, L.P. (NASDAQ:ARLP) earned “Buy” rating by Deutsche Bank on Monday, October 5. FBR Capital maintained the stock with “Outperform” rating in Monday, May 2 report. The company was maintained on Thursday, October 13 by FBR Capital. The stock of Alliance Resource Partners, L.P. (NASDAQ:ARLP) has “Strong Sell” rating given on Thursday, August 6 by Zacks. As per Friday, September 18, the company rating was initiated by FBR Capital.

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 Q2 2016. Its up 0.26, from 0.92 in 2016Q1. The ratio is positive, 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.

Susquehanna Grp Llp has 94,426 shares for 0% of their US portfolio. Finemark Bancorp And Trust last reported 654 shares in the company. Allianz Asset Ag holds 1.51 million shares or 0.01% of its portfolio. Wells Fargo & Mn reported 36,346 shares or 0% of all its holdings. The Switzerland-based Credit Suisse Ag has invested 0% in Alliance Resource Partners, L.P. (NASDAQ:ARLP). Jfs Wealth Advsr Limited Liability Company accumulated 0% or 1,000 shares. Ing Groep Nv has invested 0.01% of its portfolio in Alliance Resource Partners, L.P. (NASDAQ:ARLP). Weaver C Barksdale And Assocs, a Tennessee-based fund reported 27,313 shares. Winslow Evans And Crocker has 0% invested in the company for 400 shares. Stifel Financial has 0.02% invested in the company for 254,492 shares. Acadian Asset Mgmt Ltd reported 442,706 shares or 0.04% of all its holdings. The New York-based Global X Com Limited Com has invested 0.01% in Alliance Resource Partners, L.P. (NASDAQ:ARLP). Fifth Third Comml Bank owns 13,550 shares or 0% of their US portfolio. Moreover, Advisory Service Network Ltd Co has 0% invested in Alliance Resource Partners, L.P. (NASDAQ:ARLP) for 200 shares. Morgan Stanley last reported 0% of its portfolio in the stock.

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

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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