Institutional Investor’s Anti-Alliance Resource Partners LP (NASDAQ:ARLP) Sentiment In 2017 Q3

January 19, 2018 - By Maria Brooks

 Institutional Investor's Anti Alliance Resource Partners LP (NASDAQ:ARLP) Sentiment In  2017 Q3

Sentiment for Alliance Resource Partners LP (NASDAQ:ARLP)

Alliance Resource Partners LP (NASDAQ:ARLP) institutional sentiment decreased to 0.72 in Q3 2017. Its down -0.51, from 1.23 in 2017Q2. The ratio is negative, as 31 funds increased or started new stock positions, while 43 sold and decreased their equity positions in Alliance Resource Partners LP. The funds in our partner’s database now own: 17.59 million shares, down from 18.03 million shares in 2017Q2. Also, the number of funds holding Alliance Resource Partners LP in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 12 Reduced: 31 Increased: 18 New Position: 13.

Alliance Resource Partners, L.P. produces and markets coal primarily to utilities and industrial users in the United States. The company has market cap of $2.67 billion. It operates in two divisions, Illinois Basin and Appalachia. It has a 5.73 P/E ratio. The firm operates eight underground mining complexes in Illinois, Indiana, Kentucky, Maryland, and West Virginia.

The stock decreased 0.97% or $0.2 during the last trading session, reaching $20.4. About 264,624 shares traded. Alliance Resource Partners, L.P. (NASDAQ:ARLP) has risen 50.47% since January 19, 2017 and is uptrending. It has outperformed by 33.77% the S&P500.

Analysts await Alliance Resource Partners, L.P. (NASDAQ:ARLP) to report earnings on January, 29. They expect $0.60 EPS, down 53.85 % or $0.70 from last year’s $1.3 per share. ARLP’s profit will be $78.41M for 8.50 P/E if the $0.60 EPS becomes a reality. After $0.52 actual EPS reported by Alliance Resource Partners, L.P. for the previous quarter, Wall Street now forecasts 15.38 % EPS growth.

Energy Income Partners Llc holds 1.51% of its portfolio in Alliance Resource Partners, L.P. for 4.24 million shares. Selz Capital Llc owns 235,600 shares or 0.92% of their US portfolio. Moreover, Adams Asset Advisors Llc has 0.82% invested in the company for 309,046 shares. The Connecticut-based Corecommodity Management Llc has invested 0.63% in the stock. Edmp Inc., a Florida-based fund reported 28,785 shares.#img1#

Alliance Resource Partners, L.P. (NASDAQ:ARLP) Ratings Coverage

Ratings analysis reveals 71% of Alliance Resource Partners’s analysts are positive. Out of 7 Wall Street analysts rating Alliance Resource Partners, 5 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $19 while the high is $34. The stock’s average target of $26.75 is 31.13% above today’s ($20.4) share price. ARLP was included in 20 notes of analysts from July 22, 2015. Cowen & Co maintained Alliance Resource Partners, L.P. (NASDAQ:ARLP) on Tuesday, November 3 with “Outperform” rating. The company was maintained on Wednesday, November 23 by FBR Capital. The company was maintained on Wednesday, November 15 by Stifel Nicolaus. As per Friday, September 18, the company rating was initiated by FBR Capital. On Tuesday, November 1 the stock rating was maintained by FBR Capital with “Outperform”. The stock of Alliance Resource Partners, L.P. (NASDAQ:ARLP) has “Buy” rating given on Monday, October 31 by Seaport Global Securities. Stifel Nicolaus maintained it with “Hold” rating and $22.0 target in Tuesday, January 16 report. The rating was maintained by Cowen & Co on Thursday, July 30 with “Outperform”. The rating was maintained by Stifel Nicolaus with “Hold” on Thursday, October 12. The company was initiated on Tuesday, December 20 by M Partners.

More important recent Alliance Resource Partners, L.P. (NASDAQ:ARLP) news were published by: Fool.com which released: “Alliance Resource Partners results: The raw numbers” on October 30, 2017, also Businesswire.com published article titled: “Alliance Resource Partners, LP and Alliance Holdings GP, LP Announce Fourth …”, Seekingalpha.com published: “Alliance Resource Partners: Why I’m Cuckoo For Coal” on October 20, 2017. More interesting news about Alliance Resource Partners, L.P. (NASDAQ:ARLP) was released by: Forbes.com and their article: “Ex-Dividend Reminder: Intel, Alliance Resource Partners and Enbridge Energy …” with publication date: November 02, 2017.

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