Alliance Resource Partners (NASDAQ:ARLP) Downgraded by Singular Research to Moderate Buy

Alliance Resource Partners (NASDAQ:ARLP) was downgraded by equities research analysts at Singular Research from a “strong-buy” rating to a “moderate buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports. Singular Research also issued estimates for Alliance Resource Partners’ Q4 2024 earnings at $0.59 EPS, Q3 2025 earnings at $0.55 EPS and Q4 2025 earnings at $0.73 EPS.

Several other research firms have also weighed in on ARLP. Benchmark boosted their target price on Alliance Resource Partners from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. StockNews.com cut Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th.

Alliance Resource Partners Stock Performance

Shares of ARLP stock opened at $27.61 on Monday. The firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of 7.84 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.36 and a quick ratio of 1.69. The business has a fifty day moving average of $26.08 and a 200 day moving average of $24.75. Alliance Resource Partners has a 1 year low of $18.32 and a 1 year high of $29.44.

Alliance Resource Partners (NASDAQ:ARLP) last issued its quarterly earnings data on Monday, October 28th. The energy company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.16). The firm had revenue of $613.57 million for the quarter, compared to analysts’ expectations of $646.17 million. Alliance Resource Partners had a return on equity of 23.74% and a net margin of 18.52%. During the same period in the previous year, the business posted $1.18 EPS. As a group, research analysts expect that Alliance Resource Partners will post 3.2 earnings per share for the current year.

Hedge Funds Weigh In On Alliance Resource Partners

Several institutional investors have recently bought and sold shares of the company. Continuum Advisory LLC bought a new stake in Alliance Resource Partners in the 2nd quarter worth approximately $27,000. Beacon Capital Management LLC lifted its stake in Alliance Resource Partners by 135.8% in the second quarter. Beacon Capital Management LLC now owns 1,462 shares of the energy company’s stock worth $36,000 after acquiring an additional 842 shares during the period. Cove Street Capital LLC acquired a new stake in shares of Alliance Resource Partners in the 2nd quarter worth $49,000. Mather Group LLC. purchased a new stake in Alliance Resource Partners in the second quarter valued at approximately $51,000. Finally, Eastern Bank purchased a new stake in Alliance Resource Partners during the third quarter worth $72,000. Hedge funds and other institutional investors own 18.11% of the company’s stock.

About Alliance Resource Partners

Alliance Resource Partners, L.P., a diversified natural resource company, produces and markets coal primarily to utilities and industrial users in the United States. The company operates through four segments: Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties, and Coal Royalties.