Clarkson Capital Begins Coverage on Alliance Resource Partners (NASDAQ:ARLP)

Clarkson Capital initiated coverage on shares of Alliance Resource Partners (NASDAQ:ARLP) in a research report released on Tuesday morning, The Fly reports. The brokerage issued a buy rating and a $20.00 price objective on the energy company’s stock.

Other research analysts have also issued research reports about the stock. ValuEngine lowered shares of Verso from a hold rating to a sell rating in a research note on Thursday, May 23rd. BidaskClub raised shares of Zebra Technologies from a hold rating to a buy rating in a research note on Saturday, July 6th. Finally, Zacks Investment Research downgraded shares of EXACT Sciences from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $20.50.

NASDAQ ARLP opened at $17.86 on Tuesday. The company has a 50 day simple moving average of $17.27. The company has a current ratio of 0.94, a quick ratio of 0.70 and a debt-to-equity ratio of 0.32. Alliance Resource Partners has a one year low of $16.50 and a one year high of $20.99. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 7.32 and a beta of 0.92.

Alliance Resource Partners (NASDAQ:ARLP) last posted its quarterly earnings data on Monday, April 29th. The energy company reported $1.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.34. Alliance Resource Partners had a net margin of 23.51% and a return on equity of 30.52%. The business had revenue of $526.60 million during the quarter, compared to analyst estimates of $523.00 million. During the same quarter last year, the firm posted $1.16 earnings per share. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. As a group, analysts forecast that Alliance Resource Partners will post 3.1 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of ARLP. Valeo Financial Advisors LLC lifted its stake in Alliance Resource Partners by 185.7% in the second quarter. Valeo Financial Advisors LLC now owns 3,525 shares of the energy company’s stock worth $60,000 after acquiring an additional 2,291 shares during the last quarter. Arlington Partners LLC purchased a new position in Alliance Resource Partners in the second quarter worth approximately $114,000. Chiron Investment Management LLC lifted its stake in Alliance Resource Partners by 19.6% in the fourth quarter. Chiron Investment Management LLC now owns 9,784 shares of the energy company’s stock worth $170,000 after acquiring an additional 1,600 shares during the last quarter. Aveo Capital Partners LLC purchased a new position in Alliance Resource Partners in the first quarter worth approximately $203,000. Finally, Cetera Advisors LLC purchased a new position in Alliance Resource Partners in the first quarter worth approximately $203,000. Institutional investors own 25.00% of the company’s stock.

About Alliance Resource Partners

Alliance Resource Partners, L.P. produces and markets coal primarily to utilities and industrial users in the United States. The company operates through two segments, Illinois Basin and Appalachia. It produces a range of steam and metallurgical coal with sulfur and heat contents. The company operates eight underground mining complexes in Illinois, Indiana, Kentucky, Maryland, and West Virginia.

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