Alliance Resource Partners L.P. (ARLP) Stock: Identifying Value and Future Vision

Alliance Resource Partners L.P. [ARLP] stock prices are up 0.97% to $22.88 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ARLP shares have gain 3.11% over the last week, with a monthly amount drifted -2.89%, and not seem to be holding up well over a long-time horizon.

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On 11, November 2022, Stonegate Capital Partners Updates Coverage on Alliance Resource Partners, L.P. (ARLP). In a post published today on Yahoo Finance, Dallas, Texas–(Newsfile Corp. – November 11, 2022) – Alliance Resource Partners, L.P. (NASDAQ: ARLP): Stonegate Capital Partners updates coverage on Alliance Resource Partners, L.P. The full report can be accessed by clicking on the following link: https://stonegateinc.com/reports/ARLP_Q3FY22.pdf.

From an analyst’s perspective:

Alliance Resource Partners L.P. [NASDAQ: ARLP] stock has seen the most recent analyst activity on March 30, 2022, when Noble Capital Markets initiated its Outperform rating and assigned the stock a price target of $22. On February 04, 2020, The Benchmark Company initiated with a Buy rating and assigned a price target of $11 on the stock. JP Morgan downgraded its rating to a Neutral and decreased its price target to $22 on August 19, 2019. Seaport Global Securities downgraded its rating to a Neutral. B. Riley FBR downgraded its rating to Neutral for this stock on July 17, 2019, and downed its price target to $20. In a note dated May 23, 2018, MKM Partners upgraded an Buy rating on this stock.

The stock price of Alliance Resource Partners L.P. [ARLP] has been fluctuating between $9.66 and $27.63 over the past year. Currently, Wall Street analysts expect the stock to reach $28.67 within the next 12 months. Alliance Resource Partners L.P. [NASDAQ: ARLP] shares were valued at $22.88 at the most recent close of the market. An investor can expect a potential return of 25.31% based on the average ARLP price forecast.

Analyzing the ARLP fundamentals

The most recent quarter, Alliance Resource Partners L.P. [NASDAQ:ARLP] reported sales of 628.42 billion, representing a surge of 51.30%. Gross Margin for this corporation currently stands at +18.43% with Operating Margin at +13.96%, Pretax Margin comes in at +11.41%, and Net Margin reading is +11.05%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 22.40 points at the first support level, and at 21.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.16, and for the 2nd resistance point, it is at 23.43.

Alliance Resource Partners L.P. [ARLP] reported earnings per share of $1.23 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.95/share, meaning a difference of $0.28 and a surprise factor of 29.50%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $0.28 per share as compared to estimates of $0.57 per share, a difference of -$0.29 representing a surprise of -50.90%.

Ratios To Look Out For

It’s worth pointing out that Alliance Resource Partners L.P. [NASDAQ:ARLP]’s Current Ratio is 2.30. Also, the Quick Ratio is 1.57, while the Cash Ratio stands at 0.69. Considering the valuation of this stock, the price to sales ratio is 1.02, the price to book ratio is 1.32 and the P/E (TTM) ratio is 7.26.

Transactions by insiders

Recent insider trading involved ROBINSON JOHN H, Director, that happened on Jan 12 when 3000.0 shares were sold. Director, ROBINSON JOHN H completed a deal on Jan 07 to sell 8000.0 shares.