Economy

Alliance Resource Partners, LP (ARLP) Raised to "Hold" at Zacks Investment Research

Alliance Resource Partners LP (NASDAQ:ARLP) institutional sentiment decreased to 0.81 in Q4 2016.

According to Zacks, "ALLIANCE RESOURCES is a diversified producer and marketer of coal to major USA utilities and industrial users". The Appalachia segment consists of multiple operating segments, including the Mettiki mining complex, the Tunnel Ridge mining complex and the MC Mining mining complex. Some of their mining complexes are underground and one has both surface and underground mines. On average, equities analysts expect that Alliance Resource Partners, L.P. will post $2.89 EPS for the current year. The stock of Alliance Resource Partners, L.P. (NASDAQ:ARLP) earned "Buy" rating by Deutsche Bank on Monday, October 5. FBR Capital maintained Alliance Resource Partners, L.P. (NASDAQ:ARLP) on Wednesday, November 23 with "Outperform" rating. On Thursday, August 6 the stock rating was upgraded by Zacks to "Strong Sell". The average 12-month price objective among brokerages that have updated their coverage on the stock in the past year is $28.33. Rathbone Brothers Pcl holds 0.02% of its portfolio in Alliance Resource Partners, L.P. (NASDAQ:ARLP) for 17,605 shares. FBR Capital maintained the stock with "Outperform" rating in Monday, May 2 report. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 4.37 and a beta of 0.69.

The stock last traded at $25.10 which is marginally lower than $26.28, the 50 day moving average and which is quite a bit lower than the 200 day moving average of $31.31. Alliance Resource Partners, L.P. (NASDAQ:ARLP) last posted its earnings results on Monday, July 31st. Utd Capital Fincl Advisers Ltd Liability reported 0.01% stake. Alliance Resource Partners, L.P. The business had revenue of $398.72 million during the quarter, compared to analysts' expectations of $447.68 million. During the same period in the prior year, the business earned $0.82 EPS. Edge Asset Mngmt holds 0.2% of its portfolio in Alliance Resource Partners, L.P. (NASDAQ:ARLP) for 1.15M shares.

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These firms have modified their investment in ARLP.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 14th.

Investors are feeling more bearish on shares of Natural Resource Partners LP Li recently if you take note of the uptick in short interest. This represents a $2.00 annualized dividend and a dividend yield of 11.05%. Morgan Stanley invested 0% of its portfolio in Alliance Resource Partners, L.P. (NASDAQ:ARLP). The ex-dividend date of this dividend was Thursday, August 3rd. This is a boost from Natural Resource Partners's previous quarterly dividend of $0.35. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. The Broad Run Investment Management Llc holds 1.36 million shares with $102.15M value, up from 1.27 million last quarter. Harvey Partners Llc bought 13,180 shares as the company's stock declined 45.08% while stock markets rallied. The energy company reported $0.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.09. California Public Employees Retirement System invested 0% of its portfolio in Alliance Resource Partners, L.P. (NASDAQ:ARLP). Bank of America Corp DE now owns 15,188 shares of the energy company's stock valued at $549,000 after acquiring an additional 790 shares during the last quarter. Global X Management Com Ltd Liability Corp invested in 0.02% or 15,222 shares. Barnett & holds 0.08% or 6,874 shares. It also reduced its holding in Nuveen Mtg Opportunity Term (JLS) by 42,000 shares in the quarter, leaving it with 110,390 shares, and cut its stake in Allied Wrld Assur Com Hldg A (NYSE:AWH). 0 funds opened positions while 1 raised stakes.

Alliance Resource Partners, L.P.is a producer and marketer of coal primarily to the United States utilities and industrial users. As of December 31, 2016, Soda Ash segment included the Company's 49% non-controlling equity interest in Ciner Wyoming, a trona ore mining operation and soda ash refinery in the Green River Basin, Wyoming.



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