Alliance Resource Partners (NASDAQ:ARLP) stock price target increased to $28.00, issued a ratings update today by FBR & Co.
- Updated: November 26, 2016
Boasting a price of $25.00, Alliance Resource Partners (NASDAQ:ARLP) traded -2.81% lower on the day. With the last stock price close up 15.49% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Alliance Resource Partners has recorded a 50-day average of $23.46 and a two hundred day average of $19.48. Volume of trade was down over the average, with 181,504 shares of ARLP changing hands under the typical 333,786
In a report released on Wednesday November 23, 2016 FBR & Co. increased the stock price target of Alliance Resource Partners (NASDAQ:ARLP) from $26.00 to $28.00 reporting a possible upside of 0.12%.
On 01/27/2016, JP Morgan released a statement for Alliance Resource Partners (NASDAQ:ARLP) bumped down the target price from $23.00 to $19.00 that suggested an upside of 0.41%.
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Alliance Resource Partners has a 52 week low of $9.95 and a 52 week high of $26.65 The company’s market cap is currently $0.
In addition to FBR & Co. reporting its stock price target, a total of 3 brokers have issued a research note on the company. The average stock price target is $18.67 with 2 brokers rating the stock a strong buy, 1 brokerage rating the company a buy, two brokerages rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero analysts rating the company a sell.
More About Alliance Resource Partners (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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