Stock Worth Mentioning: Alliance Resource Partners, L.P.’s Stock Is Sell After Today’s Big Decline

Stock Worth Mentioning: Alliance Resource Partners, L.P.'s Stock Is Sell After Today's Big Decline

The stock of Alliance Resource Partners, L.P. (NASDAQ:ARLP) is a huge mover today! The stock increased 4.17% or $1 on October 31, hitting $25. Alliance Resource Partners, L.P. (NASDAQ:ARLP) has risen 94.85% since April 6, 2016 and is uptrending. It has outperformed by 92.89% the S&P500.
The move comes after 8 months negative chart setup for the $1.88 billion company. It was reported on Nov, 8 by Barchart.com. We have $22.75 PT which if reached, will make NASDAQ:ARLP worth $169.20 million less.

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. Alliance Resource Partners has been the topic of 13 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Strong Sell” rating given on Thursday, August 6 by Zacks. The stock has “Outperform” rating given by FBR Capital on Thursday, October 13. The firm has “Buy” rating by Deutsche Bank given on Monday, October 5. The stock of Alliance Resource Partners, L.P. (NASDAQ:ARLP) has “Outperform” rating given on Thursday, July 30 by Cowen & Co. The rating was initiated by FBR Capital with “Outperform” on Friday, September 18. The stock has “Outperform” rating given by FBR Capital on Tuesday, November 1. The stock of Alliance Resource Partners, L.P. (NASDAQ:ARLP) has “Outperform” rating given on Tuesday, November 3 by Cowen & Co. The rating was maintained by FBR Capital with “Outperform” on Monday, May 2. On Monday, October 31 the stock rating was initiated by Seaport Global Securities with “Buy”.

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 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.
Parkside Financial Bank holds 0.06% or 8,000 shares in its portfolio. Goldman Sachs Group Incorporated owns 571,779 shares or 0% of their US portfolio. The California-based Lpl Financial Ltd Co has invested 0% in Alliance Resource Partners, L.P. (NASDAQ:ARLP). Adams Asset accumulated 0.74% or 273,849 shares. Gsa Cap Partners Limited Liability Partnership holds 432,682 shares or 0.38% of its portfolio. Qs Invsts Limited Liability Corp last reported 4,865 shares in the company. Prudential Plc last reported 12,999 shares in the company. Bokf Na owns 101,100 shares or 0.06% of their US portfolio. Impala Asset Mgmt Ltd Liability Corporation owns 126,499 shares or 0.14% of their US portfolio. Morgan Stanley has 0% invested in the company for 757,850 shares. The Kansas-based Mariner Wealth has invested 0.01% in Alliance Resource Partners, L.P. (NASDAQ:ARLP). Hsbc Plc holds 0% or 18,311 shares in its portfolio. The New York-based Citigroup Inc has invested 0% in Alliance Resource Partners, L.P. (NASDAQ:ARLP). Lucus Advisors holds 0.28% or 21,741 shares in its portfolio. First Manhattan Communications has 0.03% invested in the company for 313,149 shares.

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

More notable recent Alliance Resource Partners, L.P. (NASDAQ:ARLP) news were published by: Fool.com which released: “Why Alliance Resource Partners, LP, Alliance Holdings GP, LP, and Cloud Peak …” on November 07, 2016, also Fool.com with their article: “A Stronger Coal Market Fuels Alliance Resource Partners, LP Earnings” published on October 28, 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: “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 Stock Jumped 34.3% in April” with publication date: May 09, 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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