The stock of Alliance Resource Partners, L.P. (NASDAQ:ARLP) hit a new 52-week high and has $35.81 target or 54.00% above today’s $23.25 share price. The 5 months bullish chart indicates low risk for the $1.78 billion company. The 1-year high was reported on Oct, 17 by Barchart.com. If the $35.81 price target is reached, the company will be worth $961.20 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 82,880 shares traded hands. Alliance Resource Partners, L.P. (NASDAQ:ARLP) has risen 78.42% since March 14, 2016 and is uptrending. It has outperformed by 72.81% the S&P500.
Analysts await Alliance Resource Partners, L.P. (NASDAQ:ARLP) to report earnings on October, 25. They expect $0.78 earnings per share, up 27.87% or $0.17 from last year’s $0.61 per share. ARLP’s profit will be $59.72M for 7.45 P/E if the $0.78 EPS becomes a reality. After $0.84 actual earnings per share reported by Alliance Resource Partners, L.P. for the previous quarter, Wall Street now forecasts -7.14% negative EPS growth.
Alliance Resource Partners, L.P. (NASDAQ:ARLP) Ratings Coverage
Out of 4 analysts covering Alliance Resource Partners (NASDAQ:ARLP), 4 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 $26.40 average target is 13.55% above today’s ($23.25) stock price. Alliance Resource Partners has been the topic of 11 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Cowen & Co on Tuesday, November 3. On Monday, October 5 the stock rating was maintained by Deutsche Bank with “Buy”. FBR Capital maintained the shares of ARLP in a report on Thursday, October 13 with “Outperform” rating. Cowen & Co maintained the stock with “Outperform” rating in Thursday, July 30 report. As per Monday, May 2, the company rating was maintained by FBR Capital. The rating was initiated by FBR Capital on Friday, September 18 with “Outperform”. Zacks upgraded the stock to “Strong Sell” rating in Thursday, August 6 report.
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.”
Insitutional Activity: The institutional sentiment increased to 0.92 in 2016 Q2. Its up 0.44, from 0.48 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.
Gsa Prns Limited Liability Partnership, a United Kingdom-based fund reported 432,682 shares. Fincl Grp Inc accumulated 0.24% or 196,701 shares. Advisors Asset Mngmt has 0.03% invested in the company for 110,666 shares. Lucus Advsrs Limited Liability Company last reported 21,741 shares in the company. Moreover, Kistler has 0% invested in Alliance Resource Partners, L.P. (NASDAQ:ARLP) for 400 shares. Selz Capital Ltd accumulated 251,600 shares or 1.13% of the stock. The Oklahoma-based Pinnacle Hldgs Limited Liability Corporation has invested 0% in Alliance Resource Partners, L.P. (NASDAQ:ARLP). Stifel Financial last reported 0.02% of its portfolio in the stock. Goldman Sachs has 571,779 shares for 0% of their US portfolio. Mcf Advsrs Limited Com has invested 0.01% of its portfolio in Alliance Resource Partners, L.P. (NASDAQ:ARLP). Hl Fincl Ltd Liability holds 0% of its portfolio in Alliance Resource Partners, L.P. (NASDAQ:ARLP) for 10,400 shares. Advisory Rech Incorporated has 0.05% invested in the company for 166,680 shares. Acadian Asset Mgmt Lc, a Massachusetts-based fund reported 442,706 shares. Sei Investments last reported 2,021 shares in the company. Bokf Na owns 101,100 shares or 0.06% of their US portfolio.
Insider Transactions: Since August 3, 2016, the stock had 0 buys, and 1 sale for $328,709 net activity. Fouch Robert J sold 17,000 shares worth $328,709.
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. CONSOL Energy” on October 04, 2016, also Fool.com with their article: “Why Alliance Resource Partners LP Stock Jumped 34.3% in April” published on May 09, 2016, Fool.com published: “Forget Alliance Resource Partners LP: Here Are 4 Better Dividend Stocks” on May 16, 2016. More interesting news about Alliance Resource Partners, L.P. (NASDAQ:ARLP) were released by: Fool.com and their article: “Better Buy: Alliance Resource Partners LP vs. Westmoreland Coal” published on April 23, 2016 as well as Fool.com‘s news article titled: “Why Alliance Resource Partners LP Shares Advanced 10.95% in March” with publication date: April 10, 2016.
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.
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