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FBR & Co. disclosed Alliance Resource (NASDAQ:ARLP), hiking its price target to $28.00 earlier today

Reporting a potential upside of 0.19%, FBR & Co. upped the price target of Alliance Resource (NASDAQ:ARLP) to $28.00

On 1/27/2016, JP Morgan released a statement on Alliance Resource (NASDAQ:ARLP) dropped the target price from $23.00 to $19.00 that suggested an upside of 0.41%.

Having a price of $23.50, Alliance Resource (NASDAQ:ARLP) traded -2.81% lower on the day. With the last close up 15.49% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. ARLP has recorded a 50-day average of $23.46 and a two hundred day average of $19.48. Trade Volume was down over the average, with 181,504 shares of ARLP changing hands under the typical 333,786

Recent Performance Chart

Alliance Resource (NASDAQ:ARLP)

Alliance Resource has 52 week low of $9.95 and a 52 week high of $26.65 and has a market capitalization of $0.

In addition to FBR & Co. reporting its stock price target, a total of 3 brokerages have issued a ratings update on the company. The average stock price target is $18.67 with 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 lastly zero equity analysts rating the company a sell.

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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