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FBR Capital Maintained Alliance Resource Partners (NDAQ:ARLP) As “Outperform”; Has Target Price per Share Of $29.00

FBR Capital Analyst Rating Report Alliance Resource Partners NDAQ:ARLP

Alliance Resource Partners (NDAQ:ARLP) Rating Reconfirmed

FBR Capital currently has a $29.00 PT on the $1.84 billion market cap company or 26.91 % upside potential. In a research note shared with investors on 2 May, Alliance Resource Partners (NDAQ:ARLP) stock had its “Outperform” Rating reiterated by research professionals at FBR Capital.

According to data compiled by Thomson Reuters, Alliance Resource Partners (NDAQ:ARLP)’s stock is covered by 3 equity analysts across the Street, with 0 analysts giving it a Sell rating, 3 a Buy rating, while 2 consider it a Hold. The 12-month consensus target price for the stock is $18.67, which reflects an downside potential of 17.93% over the current price.

ARLP Stock Chart

Institutional Ownership

Energy Income Partners Llc had the most significant stake with ownership of 6.49M shares as of Q2 2015 for 2.93% of the fund’s portfolio. Mountain Lake Investment Management Llc is another quite bullish active investment manager who is having 205,000 shares of Alliance Resource Partners or 2.61% of their fund’s portfolio. Also, Selz Capital Llc have 1.3% of their fund’s portfolio invested in the company for 251,600 shares. The Texas-based fund Adams Asset Advisors Llc revealed it had purchased so far a stake worth about 0.86% of the active investment manager’s stock portfolio in Alliance Resource Partners. The Florida-based fund Edmp Inc. is also positive about the stock, possessing 278,635 shares or 0.63% of their fund’s portfolio.

Alliance Resource Partners (NDAQ:ARLP) Profile

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. The Illinois Basin segment consists of various operating segments, including Webster County Coal, LLC’s Dotiki mining complex, Gibson County Coal, LLC’s mining complex, which includes the Gibson North mine and Gibson South mine, Hopkins County Coal, LLC’s mining complex, which includes the Elk Creek mine, the Pleasant View surface mineable reserves and the Fies property, White County Coal, LLC’s, Pattiki mining complex, Warrior Coal, LLC’s mining complex, Sebree Mining, LLC’s mining complex, which includes the Onton mine and River View Coal, LLC mining complex.

Alliance Resource Partners (NDAQ:ARLP) traded down -1.52% on 2 May, hitting $22.75. A total of 460,593 shares of the company’s stock traded hands. This is up from average of 292,877 shares. Alliance Resource Partners has a 52 week low of $13.95 and a 52 week high of $26.65. The company has a market cap of $1.84B and a P/E ratio of 6.55.

Get the latest Alliance Resource Partners (NDAQ:ARLP) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post FBR Capital Maintained Alliance Resource Partners (NDAQ:ARLP) As “Outperform”; Has Target Price per Share Of $29.00 appeared first on Octafinance.

This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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FBR Capital Maintained Alliance Resource Partners (NDAQ:ARLP) As “Outperform”; Has Target Price per Share Of $29.00


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