Alliance Resource Partners (NASDAQ:ARLP) Earns Buy Rating from Benchmark

Alliance Resource Partners (NASDAQ:ARLP)‘s stock had its “buy” rating restated by investment analysts at Benchmark in a report issued on Tuesday, Benzinga reports. They currently have a $25.00 price target on the energy company’s stock. Benchmark’s target price indicates a potential upside of 10.57% from the stock’s current price.

Separately, StockNews.com downgraded shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 6th.

Alliance Resource Partners Price Performance

ARLP stock opened at $22.61 on Tuesday. The firm has a 50 day moving average of $20.20 and a 200-day moving average of $20.91. Alliance Resource Partners has a 12-month low of $17.05 and a 12-month high of $24.30. The company has a current ratio of 2.27, a quick ratio of 1.71 and a debt-to-equity ratio of 0.18. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 4.96 and a beta of 1.14.

Alliance Resource Partners (NASDAQ:ARLP) last posted its quarterly earnings results on Monday, April 29th. The energy company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.28. Alliance Resource Partners had a net margin of 23.36% and a return on equity of 32.06%. The company had revenue of $651.70 million during the quarter, compared to the consensus estimate of $625.32 million. During the same period last year, the firm earned $1.45 EPS. As a group, equities analysts expect that Alliance Resource Partners will post 4.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Magnolia Group LLC increased its stake in shares of Alliance Resource Partners by 6.0% during the 4th quarter. Magnolia Group LLC now owns 3,214,171 shares of the energy company’s stock worth $68,076,000 after purchasing an additional 180,720 shares in the last quarter. Jackson Hole Capital Partners LLC increased its stake in shares of Alliance Resource Partners by 1.1% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 1,949,324 shares of the energy company’s stock worth $41,287,000 after purchasing an additional 21,478 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Alliance Resource Partners by 0.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 858,939 shares of the energy company’s stock worth $18,192,000 after purchasing an additional 7,870 shares in the last quarter. Recurrent Investment Advisors LLC grew its stake in Alliance Resource Partners by 4.9% in the 3rd quarter. Recurrent Investment Advisors LLC now owns 735,784 shares of the energy company’s stock worth $16,577,000 after acquiring an additional 34,500 shares during the period. Finally, ING Groep NV grew its stake in Alliance Resource Partners by 62.9% in the 4th quarter. ING Groep NV now owns 684,000 shares of the energy company’s stock worth $14,487,000 after acquiring an additional 264,000 shares during the period. 18.11% of the stock is owned by hedge funds and other institutional investors.

About Alliance Resource Partners

Alliance Resource Partners, L.P., a diversified natural resource company, produces and markets coal primarily to utilities and industrial users in the United States. The company operates through four segments: Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties, and Coal Royalties.