Economy

Alliance Resource Partners, LP (ARLP) Receives $27.32 Average PT from Analysts

JPMorgan Chase & Co. now owns 657,207 shares of the energy company's stock valued at $18,106,000 after purchasing an additional 257,912 shares in the last quarter. Finally, Foundry Partners LLC bought a new stake in shares of Alliance Resource Partners, L.P.in the second quarter valued at approximately $3,689,000. ASHMORE GROUP ORD GBP0.01 (OTCMKTS:AJMPF) has 0.00% since October 13, 2016 and is. Alliance Resource Partners, L.P. (NASDAQ:ARLP) has risen 50.47% since October 12, 2016 and is uptrending. It has underperformed by 5.24% the S&P500. The stock of Natural Resource Partners LP (NYSE:NRP) has "Sell" rating given on Wednesday, August 10 by UBS. NRP's profit would be $11.25 million giving it 6.97 P/E if the $0.92 EPS is correct. After having $0.89 EPS previously, Alliance Resource Partners, L.P.'s analysts see -37.08% EPS growth. About 8,759 shares traded. It has outperformed by 158.32% the S&P500. During the same quarter in the prior year, the business earned $0.82 earnings per share.

Other equities research analysts have also issued research reports about the stock. The rating was initiated by M Partners with "Neutral" on Tuesday, December 20. The rating was maintained by Cowen & Co with "Outperform" on Thursday, July 30. The stock has "Hold" rating by BMO Capital Markets on Wednesday, June 14.

Morgan Stanley increased its holdings in Natural Resource Partners by 488.5% in the 1st quarter. Its up 0.15, from 1.08 in 2017Q1. Following the completion of the acquisition, the director now owns 51,604 shares of the company's stock, valued at approximately $1,008,858.20. Moreover, First Foundation Advisors has 0.09% invested in the company for 74,340 shares. Manufacturers Life Insurance The stated it has 2,140 shares or 0% of all its holdings. Diamond Hill Cap Management has 1.34M shares for 0.56% of their portfolio. 14,353 are held by Global X Mngmt Ltd Limited Liability Company. Adams Asset Limited Co holds 0.67% or 241,544 shares. Weaver C Barksdale And Associates invested in 0.03% or 317 shares. 8,000 were reported by Parkside National Bank & Trust Tru.

DRAGONWAVE INCORPORATED (OTCMKTS:DRWIQ) had an increase of 84.43% in short interest. Accenture Plc Ireland (NYSE:ACN) was raised too.

Natural Resource Partners L.P. owns, operates, manages and leases a portfolio of mineral properties in the United States, including interests in coal, trona and soda ash, construction aggregates and other natural resources. The company has market cap of $313.75 million. The Illinois Basin segment consists of various operating segments, including Webster County Coal, LLC's Dotiki mining complex, Gibson County Coal, LLC's mining complex, which includes the Gibson North mine and Gibson South mine, Hopkins County Coal, LLC's mining complex, which includes the Elk Creek mine, the Pleasant View surface mineable reserves and the Fies property, White County Coal, LLC's, Pattiki mining complex, Warrior Coal, LLC's mining complex, Sebree Mining, LLC's mining complex, which includes the Onton mine and River View Coal, LLC mining complex. It has a 4.82 P/E ratio. It improved, as 13 investors sold Alliance Resource Partners, L.P. shares while 22 reduced holdings. As of the end of the quarter Magnolia Group, LLC had bought a total of 13,378 shares growing its position 1.2%.

On average, analysts expect that Natural Resource Partners will report full-year earnings of $2.72 per share for the current financial year. Moreover, Rafferty Asset Mgmt Ltd Liability Corp has 0.08% invested in Alliance Resource Partners, L.P. (NASDAQ:ARLP). Chicago Partners Investment Group LLC now owns 21,118 shares of the energy company's stock valued at $457,000 after buying an additional 2,645 shares during the last quarter. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. Therefore 71% are positive.

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. Vetr raised shares of Alliance Resource Partners, L.P. from a "buy" rating to a "strong-buy" rating and set a $25.59 price objective on the stock in a research report on Thursday, March 2nd. FBR Capital maintained the stock with "Outperform" rating in Wednesday, November 23 report. The rating was downgraded by UBS on Thursday, September 17 to "Sell". The company has an average rating of "Hold" and an average price target of $28.33.

WARNING: "Natural Resource Partners LP (NRP) Raised to "Hold" at Zacks Investment Research" was reported by BBNS and is owned by of BBNS. As per Monday, October 5, the company rating was maintained by Deutsche Bank.



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