Alliance Resource Partners, L.P. Stock Price Could Go Up After Today’s Bullish Options Activity

 Alliance Resource Partners, L.P. Stock Price Could Go Up After Today's Bullish Options Activity

In today’s session Alliance Resource Partners, L.P. (ARLP) registered an unusually high (997) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the March, 2017 call, expecting serious ARLP increase. With 997 contracts traded and 19514 open interest for the Mar, 17 contract, it seems this is a quite bullish bet. The option with symbol: ARLP170317C00017500 closed last at: $8.3 or 69.4% up. Alliance Resource Partners, L.P. (NASDAQ:ARLP) has risen 109.49% since April 11, 2016 and is uptrending. It has outperformed by 103.35% the S&P500.

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

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 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.
Tower Capital Ltd Liability Company (Trc) has 0% invested in the company for 358 shares. Van Eck Corp last reported 0.03% of its portfolio in the stock. Adams Asset Advsrs Ltd Liability Corporation accumulated 273,849 shares or 0.74% of the stock. The Pennsylvania-based Jfs Wealth Advsrs Lc has invested 0% in Alliance Resource Partners, L.P. (NASDAQ:ARLP). Winslow Evans & Crocker has invested 0% of its portfolio in Alliance Resource Partners, L.P. (NASDAQ:ARLP). Moreover, Fincl Mngmt has 0% invested in Alliance Resource Partners, L.P. (NASDAQ:ARLP) for 112 shares. Rafferty Asset Mgmt Lc reported 142,628 shares or 0.15% of all its holdings. Ing Groep Nv has invested 0.01% of its portfolio in Alliance Resource Partners, L.P. (NASDAQ:ARLP). Lucus Ltd Liability Company accumulated 21,741 shares or 0.28% of the stock. Ladenburg Thalmann Fincl Svcs last reported 0% of its portfolio in the stock. Credit Suisse Ag has invested 0% of its portfolio in Alliance Resource Partners, L.P. (NASDAQ:ARLP). Babson Management Lc last reported 0.04% of its portfolio in the stock. Principal Grp last reported 188,460 shares in the company. Willingdon Wealth Management last reported 0.42% of its portfolio in the stock. Landscape Capital Mngmt Limited Com has invested 0.08% of its portfolio in Alliance Resource Partners, L.P. (NASDAQ:ARLP).

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.

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: “A Stronger Coal Market Fuels Alliance Resource Partners, LP Earnings” on October 28, 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: “Better Buy: Alliance Resource Partners LP vs. Westmoreland Coal” on April 23, 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. CONSOL Energy” published on October 04, 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.

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