Can Alliance Resource Partners, L.P.’s Tomorrow Be Different? Option Trader Are Very Bullish

 Can Alliance Resource Partners, L.P.'s Tomorrow Be Different? Option Trader Are Very Bullish

In today’s session Alliance Resource Partners, L.P. (ARLP) registered an unusually high (217) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious ARLP increase. With 217 contracts traded and 11594 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: ARLP161216C00025000 closed last at: $0.85 or 13.3% up. The stock last traded at $23.55 per share. It is down 86.31% since March 16, 2016 and is uptrending. It has outperformed by 80.77% 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 $59.62 million for 7.55 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 12.10% above today’s ($23.55) stock price. Alliance Resource Partners has been the topic of 11 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Thursday, October 13 by FBR Capital. The rating was maintained by FBR Capital with “Outperform” on Monday, May 2. Cowen & Co maintained Alliance Resource Partners, L.P. (NASDAQ:ARLP) on Thursday, July 30 with “Outperform” rating. Deutsche Bank maintained the shares of ARLP in a report on Monday, October 5 with “Buy” rating. As per Thursday, August 6, the company rating was upgraded by Zacks. FBR Capital initiated Alliance Resource Partners, L.P. (NASDAQ:ARLP) rating on Friday, September 18. FBR Capital has “Outperform” rating and $34 price target. The rating was maintained by Cowen & Co on Tuesday, November 3 with “Outperform”.

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 Q2 2016. 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.
Renaissance Technologies Ltd Com owns 152,190 shares or 0% of their US portfolio. Advisory Inc has 0.05% invested in the company for 166,680 shares. Principal Financial Gp holds 188,460 shares or 0% of its portfolio. Van Eck Corp owns 311,787 shares or 0.03% of their US portfolio. Goldman Sachs Group Incorporated has 0% invested in the company for 571,779 shares. Reilly Financial Lc has invested 0% of its portfolio in Alliance Resource Partners, L.P. (NASDAQ:ARLP). Royal Savings Bank Of Canada has invested 0% of its portfolio in Alliance Resource Partners, L.P. (NASDAQ:ARLP). Hsbc Public Ltd owns 18,311 shares or 0% of their US portfolio. Tower Rech Ltd Llc (Trc), a New York-based fund reported 358 shares. Advisors Asset Mgmt holds 0.03% of its portfolio in Alliance Resource Partners, L.P. (NASDAQ:ARLP) for 110,666 shares. Us National Bank & Trust De holds 0% of its portfolio in Alliance Resource Partners, L.P. (NASDAQ:ARLP) for 6,780 shares. Commonwealth Equity Svcs accumulated 47,832 shares or 0.01% of the stock. Mcf Advsrs Ltd Liability Corporation has invested 0.01% of its portfolio in Alliance Resource Partners, L.P. (NASDAQ:ARLP). Architects, a New Jersey-based fund reported 609 shares. Geode Capital Limited Liability holds 0% or 70,523 shares in its portfolio.

Insider Transactions: Since August 3, 2016, the stock had 0 insider buys, and 1 insider sale for $328,709 net activity. $328,709 worth of Alliance Resource Partners, L.P. (NASDAQ:ARLP) was sold by Fouch Robert J on Wednesday, August 3.

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 $1.80 billion. The Firm operates through divisions, including Illinois Basin, Appalachia, and Other and Corporate. It has a 14.41 P/E ratio. It operates over 10 underground mining complexes in Illinois, Indiana, Kentucky, Maryland and West Virginia.

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. CONSOL Energy” on October 04, 2016, also Finance.Yahoo.com with their article: “Alliance Resource Partners, L.P. and Alliance Holdings GP, L.P. Announce Third …” published on October 14, 2016, Fool.com published: “Why Alliance Resource Partners LP Stock Jumped 34.3% in April” on May 09, 2016. More interesting news about Alliance Resource Partners, L.P. (NASDAQ:ARLP) were released by: Fool.com and their article: “Forget Alliance Resource Partners LP: Here Are 4 Better Dividend Stocks” published on May 16, 2016 as well as Fool.com‘s news article titled: “Better Buy: Alliance Resource Partners LP vs. Westmoreland Coal” with publication date: April 23, 2016.

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