Stock Rating: Analysts at FBR & Co. Didn’t Change their Outperform rating for Alliance Resource (NASDAQ:ARLP) with $28 PT

November 23, 2016 - By Darrin Black

Stock Rating: Analysts at FBR & Co. Didn't Change their Outperform rating for Alliance Resource (NASDAQ:ARLP) with $28 PT

Alliance Resource (NASDAQ:ARLP) Rating

In analysts note issued to clients on 23 November, Alliance Resource (NASDAQ:ARLP) stock had its Outperform Rating maintained by equity research analysts at FBR & Co.. They currently have a $28 price target on firm. FBR & Co.’s target gives a potential upside of 12.00% from the company’s current 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 initiated Alliance Resource Partners, L.P. (NASDAQ:ARLP) on Friday, September 18 with “Outperform” rating. The firm earned “Outperform” rating on Tuesday, November 3 by Cowen & Co. The firm earned “Outperform” rating on Tuesday, November 1 by FBR Capital. On Thursday, October 13 the stock rating was maintained by FBR Capital with “Outperform”. Seaport Global Securities initiated Alliance Resource Partners, L.P. (NASDAQ:ARLP) on Monday, October 31 with “Buy” rating. Zacks upgraded the stock to “Strong Sell” rating in Thursday, August 6 report. The company was maintained on Thursday, July 30 by Cowen & Co. The stock of Alliance Resource Partners, L.P. (NASDAQ:ARLP) earned “Outperform” rating by FBR Capital on Monday, May 2. The stock of Alliance Resource Partners, L.P. (NASDAQ:ARLP) earned “Buy” rating by Deutsche Bank on Monday, October 5.

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 increased, 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.

X, a New York-based fund reported 13,682 shares. Pnc Financial Group Inc reported 15,116 shares or 0% of all its holdings. Jfs Wealth accumulated 1,000 shares or 0% of the stock. Tower Lc (Trc) has 358 shares for 0% of their US portfolio. High Point Retail Bank & Tru reported 15,400 shares or 0.07% of all its holdings. Fifth Third Natl Bank reported 13,550 shares or 0% of all its holdings. Creative Planning accumulated 13,757 shares or 0% of the stock. Pinnacle Limited Com last reported 3,300 shares in the company. Bancorp Of America Corp De last reported 909,462 shares in the company. Advsr Asset Mgmt reported 110,666 shares or 0.03% of all its holdings. Advisory last reported 166,680 shares in the company. Impala Asset Mngmt Ltd has 126,499 shares for 0.14% of their US portfolio. Bokf Na last reported 101,100 shares in the company. Sei Invests Co holds 2,021 shares or 0% of its portfolio. Finemark Fincl Bank & accumulated 0% or 654 shares.

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

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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