Market Runner: What’s Alliance Resource Partners, L.P. Upside After Today’s Huge Increase?

Market Runner: What's Alliance Resource Partners, L.P. Upside After Today's Huge Increase?

The stock of Alliance Resource Partners, L.P. (NASDAQ:ARLP) is a huge mover today! Alliance Resource Partners, L.P. (NASDAQ:ARLP) has risen 60.12% since April 18, 2016 and is uptrending. It has outperformed by 55.69% the S&P500.
The move comes after 5 months positive chart setup for the $1.88 billion company. It was reported on Nov, 18 by Barchart.com. We have $32.50 PT which if reached, will make NASDAQ:ARLP worth $564.00 million more.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) Ratings Coverage

Out of 5 analysts covering Alliance Resource Partners (NASDAQ:ARLP), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Alliance Resource Partners has been the topic of 13 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock of Alliance Resource Partners, L.P. (NASDAQ:ARLP) has “Outperform” rating given on Thursday, July 30 by Cowen & Co. FBR Capital initiated it with “Outperform” rating and $34 target price in Friday, September 18 report. The firm has “Outperform” rating by Cowen & Co given on Tuesday, November 3. The firm has “Outperform” rating given on Monday, May 2 by FBR Capital. The firm has “Outperform” rating given on Thursday, October 13 by FBR Capital. The firm has “Buy” rating given on Monday, October 5 by Deutsche Bank. FBR Capital maintained it with “Outperform” rating and $26.0 target price in Tuesday, November 1 report. The company was upgraded on Thursday, August 6 by Zacks. The rating was initiated by Seaport Global Securities on Monday, October 31 with “Buy”.

According to Zacks Investment Research, “ALLIANCE RESOURCES is a diversified producer and marketer of coal to major U.S. utilities and industrial users. They currently operate mining complexes in Illinois, Indiana, Kentucky and Maryland. Some of their mining complexes are underground and one has both surface and underground mines. They produce a diverse range of steam coals with varying sulfur and heat contents, which enable them to satisfy the broad range of specifications demanded by their customers.”

Insitutional Activity: The institutional sentiment increased to 1.18 in Q2 2016. Its up 0.26, from 0.92 in 2016Q1. The ratio increased, as 17 funds sold all Alliance Resource Partners, L.P. shares owned while 21 reduced positions. 14 funds bought stakes while 21 increased positions. They now own 17.03 million shares or 6.75% less from 18.26 million shares in 2016Q1.
Kistler holds 400 shares or 0% of its portfolio. Rathbone Brothers Public Ltd Company owns 16,505 shares or 0.01% of their US portfolio. Commonwealth Of Pennsylvania School Empls Retrmt accumulated 0.03% or 97,189 shares. Us National Bank & Trust De has 0% invested in the company for 6,780 shares. Principal Financial Grp holds 0% of its portfolio in Alliance Resource Partners, L.P. (NASDAQ:ARLP) for 188,460 shares. Tower Rech Limited Liability Corp (Trc) has 0% invested in the company for 358 shares. Ladenburg Thalmann Financial Services accumulated 10,469 shares or 0% of the stock. Morgan Stanley owns 757,850 shares or 0% of their US portfolio. Jfs Wealth Ltd Liability Co accumulated 1,000 shares or 0% of the stock. Asset Management reported 110,666 shares or 0.03% of all its holdings. Landscape Cap Management Ltd Company holds 37,000 shares or 0.08% of its portfolio. The Ontario – Canada-based Hillsdale Inv Mngmt has invested 0.01% in Alliance Resource Partners, L.P. (NASDAQ:ARLP). Wells Fargo & Mn holds 0% of its portfolio in Alliance Resource Partners, L.P. (NASDAQ:ARLP) for 36,346 shares. Barclays Public Limited Company holds 50,156 shares or 0% of its portfolio. Barnett & Com has invested 0.13% of its portfolio in Alliance Resource Partners, L.P. (NASDAQ:ARLP).

Insider Transactions: Since August 3, 2016, the stock had 0 insider buys, and 1 sale for $328,709 net activity. Fouch Robert J had sold 17,000 shares worth $328,709.

More notable recent Alliance Resource Partners, L.P. (NASDAQ:ARLP) news were published by: Fool.com which released: “A Stronger Coal Market Fuels Alliance Resource Partners, LP Earnings” on October 28, 2016, also Fool.com with their article: “Why Alliance Resource Partners LP Stock Jumped 34.3% in April” published on May 09, 2016, Fool.com published: “Better Buy: Alliance Resource Partners LP vs. Westmoreland Coal” on April 23, 2016. More interesting news about Alliance Resource Partners, L.P. (NASDAQ:ARLP) were released by: Fool.com and their article: “Slumping Volumes Slice Into Alliance Resource Partners, LP Earnings” published on July 26, 2016 as well as Fool.com‘s news article titled: “Better Buy: Alliance Resource Partners LP vs. CONSOL Energy” with publication date: October 04, 2016.

ARLP Company Profile

Alliance Resource Partners, L.P., incorporated on May 17, 1999, is a producer and marketer of coal primarily to the United States utilities and industrial users. The Firm operates through divisions, including Illinois Basin, Appalachia, and Other and Corporate. The Firm operates approximately 10 underground mining complexes in Illinois, Indiana, Kentucky, Maryland and West Virginia. The Firm also operates a coal loading terminal on the Ohio River at Mt. Vernon, Indiana. The Company’s mining activities are conducted in approximately two geographic regions: the Illinois Basin and Appalachian region.

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