Alliance Resource Partners, L.P. Is a Buy; Strong Momentum from Option Traders

 Alliance Resource Partners, L.P. Is a Buy; Strong Momentum from Option Traders

In today’s session Alliance Resource Partners, L.P. (ARLP) registered an unusually high (566) 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 566 contracts traded and 12194 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: ARLP161216C00025000 closed last at: $0.4 or 33.3% up. Alliance Resource Partners, L.P. (NASDAQ:ARLP) has risen 50.98% since April 27, 2016 and is uptrending. It has outperformed by 45.75% the S&P500.

Analysts await Alliance Resource Partners, L.P. (NASDAQ:ARLP) to report earnings on January, 24. They expect $0.82 earnings per share, up 15.49% or $0.11 from last year’s $0.71 per share. ARLP’s profit will be $61.66M for 7.62 P/E if the $0.82 EPS becomes a reality. After $0.91 actual earnings per share reported by Alliance Resource Partners, L.P. for the previous quarter, Wall Street now forecasts -9.89% negative EPS growth.

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 $27.50 average target is 10.00% above today’s ($25) stock price. Alliance Resource Partners has been the topic of 14 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Monday, October 31 by Seaport Global Securities. FBR Capital maintained Alliance Resource Partners, L.P. (NASDAQ:ARLP) rating on Monday, May 2. FBR Capital has “Outperform” rating and $19 price target. Zacks upgraded Alliance Resource Partners, L.P. (NASDAQ:ARLP) on Thursday, August 6 to “Strong Sell” rating. Cowen & Co maintained Alliance Resource Partners, L.P. (NASDAQ:ARLP) rating on Tuesday, November 3. Cowen & Co has “Outperform” rating and $30 price target. FBR Capital maintained Alliance Resource Partners, L.P. (NASDAQ:ARLP) rating on Tuesday, November 1. FBR Capital has “Outperform” rating and $26.0 price target. FBR Capital maintained Alliance Resource Partners, L.P. (NASDAQ:ARLP) on Wednesday, November 23 with “Outperform” rating. FBR Capital initiated the shares of ARLP in a report on Friday, September 18 with “Outperform” rating. The stock of Alliance Resource Partners, L.P. (NASDAQ:ARLP) has “Outperform” rating given on Thursday, October 13 by FBR Capital. The firm earned “Buy” rating on Monday, October 5 by Deutsche Bank. Cowen & Co maintained Alliance Resource Partners, L.P. (NASDAQ:ARLP) on Thursday, July 30 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 1.18 in Q2 2016. Its up 0.26, from 0.92 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.
Qs Limited Com accumulated 4,865 shares or 0% of the stock. Asset Management reported 110,666 shares or 0.03% of all its holdings. Allianz Asset Management Ag has invested 0.01% of its portfolio in Alliance Resource Partners, L.P. (NASDAQ:ARLP). Renaissance Tech Llc, a New York-based fund reported 152,190 shares. Van Eck Associate has 311,787 shares for 0.03% of their US portfolio. Moreover, Creative Planning has 0% invested in Alliance Resource Partners, L.P. (NASDAQ:ARLP) for 13,757 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt Systems has 97,189 shares for 0.03% of their US portfolio. Next Grp Inc Inc holds 0% or 200 shares in its portfolio. Mountain Lake Inv Management Limited Liability Corp, a California-based fund reported 233,000 shares. Us Bancshares De has 6,780 shares for 0% of their US portfolio. Mariner Wealth Limited Liability Company has 13,548 shares for 0.01% of their US portfolio. The Tennessee-based Weaver C Barksdale And Assoc has invested 0.75% in Alliance Resource Partners, L.P. (NASDAQ:ARLP). Parkside Finance Fincl Bank And has invested 0.06% of its portfolio in Alliance Resource Partners, L.P. (NASDAQ:ARLP). Morgan Stanley has 757,850 shares for 0% of their US portfolio. Airain Limited owns 34,882 shares or 0.03% of their US portfolio.

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

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: “Why Alliance Resource Partners, LP, Alliance Holdings GP, LP, and Cloud Peak …” on November 07, 2016, also Fool.com with their article: “Better Buy: Alliance Resource Partners LP vs. CONSOL Energy” published on October 04, 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: “Why Alliance Resource Partners LP Shares Advanced 10.95% in March” published on April 10, 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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