Zacks Investment Research downgraded Alliance Resource Partners, L.P. (NASDAQ:ARLP) to Hold in a statement released earlier today.
- Updated: October 3, 2016
Zacks Investment Research has downgraded Alliance Resource Partners, L.P. (NASDAQ:ARLP) to Hold in a statement released on 10/03/2016.
On Monday August 01, 2016, FBR Capital released a statement for Alliance Resource Partners, L.P. (NASDAQ:ARLP) bumped up the target price from $19.00 to $22.00 that suggested an upside of 0.14%.
Displaying a price of $22.24, Alliance Resource Partners, L.P. (NASDAQ:ARLP) traded 0.27% higher on the day. The last stock close price is up 33.23% from the two hundred day average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same period. The company has recorded a 50-day moving average of $20.87 and a 200-day moving average of $16.69. 253,720 shares of ARLP traded, down from an avg. volume of 316,006
Recent Performance Chart
Alliance Resource Partners, L.P. has 52 week low of $9.95 and a 52 week high of $24.37 with a PE ratio of 13.86 and has a market capitalization of $0.
Also covering Alliance Resource Partners, L.P.'s stock price target, a total of 3 brokerages have issued a ratings update on the company. The consensus target price is $18.67 with two analysts rating the company a strong buy, one brokerage rating the company a buy, two analysts rating the company a hold, 0 brokers rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Alliance Resource Partners, L.P. (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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