A statement released earlier today by FBR & Co. about Alliance Resource (NASDAQ:ARLP) bumps the target price to $24.00
- Updated: October 12, 2016
FBR & Co. bumped up the target of Alliance Resource (NASDAQ:ARLP) to $24.00 stating a potential upside of 0.09%.
On Tuesday October 11, 2016, Zacks Investment Research released a statement for Alliance Resource (NASDAQ:ARLP) bumped up the target price from $0.00 to $25.00 that suggested an upside of 0.10%.
Boasting a price of $22.01, Alliance Resource (NASDAQ:ARLP) traded -2.91% lower on the day. With the last stock price close up 27.48% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Alliance Resource has recorded a 50-day average of $21.37 and a two hundred day average of $17.26. Volume of trade was up over the average, with 307,750 shares of ARLP changing hands over the typical 307,745
With a total market value of $0, Alliance Resource has price-earnings ratio of 13.71 with a one year low of $9.95 and a one year high of $22.96 .
A total of 3 equity analysts have released a ratings update on ARLP. Two equity analysts rating the company a strong buy, one equity analyst rating the company a buy, two equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $18.67.
Brief Synopsis About Alliance Resource (NASDAQ:ARLP)
Alliance Resource Partners, L.P. is a producer and marketer of coal primarily to the United States utilities and industrial users. The Company operates through segments, including Illinois Basin, Appalachia, and Other and Corporate. It operates over 10 underground mining complexes in Illinois, Indiana, Kentucky, Maryland and West Virginia. The Illinois Basin segment consists of various operating segments, including Webster County Coal's Dotiki mining complex, Gibson County Coal's mining complex, which includes the Gibson North mine and Gibson South mine, Hopkins County Coal's mining complex, which includes the Elk Creek mine and the Fies property, White County Coal's Pattiki mining complex, Warrior's mining complex, Sebree Mining's mining complex, which includes the Onton mine and River View's mining complex. The Appalachia segment consists of multiple operating segments, including the Mettiki mining complex, the Tunnel Ridge mining complex and the MC Mining mining complex.
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