Economy

Alliance Resource Partners, LP (ARLP) Bonds Trading 1% Higher

Alliance Resource Partners, L.P. (NASDAQ:ARLP) has been assigned an average recommendation of "Buy" from the nine analysts that are now covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Finally, Stifel Nicolaus set a $31.00 target price on shares of Natural Resource Partners and gave the company a hold rating in a research report on Wednesday, August 9th.

ARLP has been the topic of a number of research analyst reports. BidaskClub raised Alliance Resource Partners, L.P. from a strong sell rating to a sell rating in a research note on Tuesday, June 13th.

For this year, Alliance Resource Partners, L.P. (NASDAQ:ARLP) is performing -15.14%. Finally, Zacks Investment Research cut shares of Alliance Resource Partners, L.P. from a "hold" rating to a "sell" rating in a research report on Tuesday, July 4th.

The Leverage Ratio of Alliance Resource Partners, L.P. (NasdaqGS:ARLP) is 0.246828. (NASDAQ:ARLP) opened at 18.80 on Monday. Going toward to the 50-day, we can see that shares are now trading -0.14% off of that figure.

Alliance Resource Partners, L.P. has a 52-week low of $17.65 and a 52-week high of $26.65.

Tracking some technical levels, shares are trading 3.99% away from the 50 day simple moving average and -7.75% off of the 200 day simple moving average.

Alliance Resource Partners, L.P. had a return on equity of 34.39% and a net margin of 17.57%. (NASDAQ:ARLP) last announced its quarterly earnings results on Monday, July 31st. The energy company reported $1.10 EPS for the quarter, topping the Zacks' consensus estimate of $0.81 by $0.29. The firm had revenue of $398.72 million for the quarter, compared to analysts' expectations of $447.68 million.

Westmoreland Resource Partners, LP, formerly Oxford Resource Partners, LP, launched on August 7, 2007, is a producer and marketer of thermal coal to the United States utilities and industrial users, and a producer of surface mined coal in Ohio. Morgan Stanley now owns 341,621 shares of the energy company's stock valued at $12,350,000 after acquiring an additional 283,574 shares during the last quarter. Its sales stood at 0.90% a year on average in the period of last five years. Investors may also be paying close concentration to some simple moving average indicators on shares of Alliance Resource Partners, L.P. (ARLP).

In related news, Director John P. Neafsey purchased 10,000 shares of the business's stock in a transaction on Monday, August 7th. As of the end of the quarter Magnolia Group, LLC had bought a total of 13,378 shares growing its stake by 1.2%. The number of shares now owned by investors are 65.67 mln. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Goldman Sachs Group Inc. now owns 967,641 shares of the energy company's stock valued at $18,289,000 after acquiring an additional 201,213 shares during the last quarter.

Institutional investors and hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. increased its holdings in shares of Alliance Resource Partners, L.P.by 959.6% in the 2nd quarter. Over the past five trading sessions it is 0.79%; 0% for the month; -2.06% for the last quarter; -14.96% for the past six-months; and -14.34% for the last 12 months. Van ECK Associates Corp acquired a new stake in Natural Resource Partners in the 1st quarter valued at about $2,607,000. QS Investors LLC boosted its stake in Alliance Resource Partners, L.P.by 19.3% in the second quarter. Analysts rating the company a 3 indicate a Hold recommendation. Goldman Sachs Group Inc. raised its position in shares of Alliance Resource Partners, L.P.by 26.3% in the second quarter. IFP Advisors Inc now owns 13,729 shares of the energy company's stock worth $259,000 after buying an additional 373 shares in the last quarter. Alliance Resource Partners, L.P.

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