Price Don’t Lie: Could Alliance Resource Partners, L.P. See a Reversal After This Very Weak Session?

Price Don't Lie: Could Alliance Resource Partners, L.P. See a Reversal After This Very Weak Session?

The stock of Alliance Resource Partners, L.P. (NASDAQ:ARLP) is a huge mover today! Alliance Resource Partners, L.P. (NASDAQ:ARLP) has risen 89.96% since April 14, 2016 and is uptrending. It has outperformed by 85.27% the S&P500.
The move comes after 6 months negative chart setup for the $1.88 billion company. It was reported on Nov, 16 by Barchart.com. We have $23.75 PT which if reached, will make NASDAQ:ARLP worth $94.00 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 rating was maintained by FBR Capital on Monday, May 2 with “Outperform”. The company was maintained on Tuesday, November 1 by FBR Capital. FBR Capital maintained Alliance Resource Partners, L.P. (NASDAQ:ARLP) on Thursday, October 13 with “Outperform” rating. The rating was initiated by Seaport Global Securities on Monday, October 31 with “Buy”. The firm earned “Buy” rating on Monday, October 5 by Deutsche Bank. The firm has “Outperform” rating given on Thursday, July 30 by Cowen & Co. Zacks upgraded Alliance Resource Partners, L.P. (NASDAQ:ARLP) on Thursday, August 6 to “Strong Sell” rating. The stock has “Outperform” rating given by FBR Capital on Friday, September 18. On Tuesday, November 3 the stock rating was maintained by Cowen & Co 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 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.
Jfs Wealth Advsrs Llc, a Pennsylvania-based fund reported 1,000 shares. Moreover, Lucus Advsr Lc has 0.28% invested in Alliance Resource Partners, L.P. (NASDAQ:ARLP) for 21,741 shares. Citigroup has 71,837 shares for 0% of their US portfolio. Fifth Third Fincl Bank reported 13,550 shares or 0% of all its holdings. Babson Capital Ltd Com owns 89,864 shares or 0.04% of their US portfolio. Airain Limited has 34,882 shares for 0.03% of their US portfolio. Pinnacle Holdg Limited Liability holds 0% of its portfolio in Alliance Resource Partners, L.P. (NASDAQ:ARLP) for 3,300 shares. The New York-based Tiedemann Wealth Limited Liability Co has invested 0.79% in Alliance Resource Partners, L.P. (NASDAQ:ARLP). Commonwealth Equity Ser, a Massachusetts-based fund reported 47,832 shares. High Point Bankshares And Co has 0.07% invested in the company for 15,400 shares. Winslow Evans & Crocker accumulated 0% or 400 shares. Adams Asset Limited Liability, a Texas-based fund reported 273,849 shares. Gradient Invests Limited Liability Company holds 0% or 22 shares in its portfolio. Royal National Bank Of Canada has 0% invested in the company for 43,400 shares. Kistler last reported 400 shares in the company.

Insider Transactions: Since August 3, 2016, the stock had 0 insider purchases, and 1 insider sale for $328,709 net activity. Fouch Robert J had sold 17,000 shares worth $328,709 on Wednesday, August 3.

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: “Better Buy: Alliance Resource Partners LP vs. CONSOL Energy” published on October 04, 2016, Zacks.com published: “Can Alliance Resource Partners (ARLP) Run Higher on Strong Earnings Estimate …” on November 15, 2016. More interesting news about Alliance Resource Partners, L.P. (NASDAQ:ARLP) were released by: Fool.com and their article: “Why Alliance Resource Partners LP Stock Jumped 34.3% in April” published on May 09, 2016 as well as Fool.com‘s news article titled: “Forget Alliance Resource Partners LP: Here Are 4 Better Dividend Stocks” with publication date: May 16, 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment