Noble Financial analyst Mark Reichman maintained a Buy rating on Alliance Resource (ARLP – Research Report) today and set a price target of $28.00. The company’s shares closed yesterday at $25.50.
According to TipRanks, Reichman is an analyst with an average return of -13.4% and a 29.35% success rate.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Alliance Resource with a $27.50 average price target, implying a 7.84% upside from current levels. In a report released today, Benchmark Co. also reiterated a Buy rating on the stock with a $27.00 price target.
ARLP market cap is currently $3.28B and has a P/E ratio of 6.34.
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Alliance Resource (ARLP) Company Description:
Alliance Resource Partners LP produces and markets coal to United States utilities and industrial users. It operates through the following segments: Illinois Basin, Appalachia, and Other and Corporate. The Illinois Basin segment is comprised of Webster County coal’s Dotiki mining complex, Gibson mining complex, which includes the Gibson north mine and the Gibson south project, Hopkins County coal’s Elk Creek mining complex, White County coal’s Pattiki mining complex, Warrior’s mining complex, River View’s mining complex, the Sebree property and certain properties of Alliance Resource Properties and ARP Sebree LLC. The Appalachian segment is composed of Pontiki and MC Mining complexes. The Other and Corporate segment includes marketing and administrative expenses, Mt. Vernon dock activities, coal brokerage activity, its equity investment in Mid-America Carbonates LLC and certain activities of Alliance Resource Properties. The company was founded in May 1999 and is headquartered in Tulsa, OK.
Read More on ARLP:
- Alliance Resource Partners price target raised to $27 from $26 at Benchmark
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- Alliance Resource Partners sees FY24 total sales tons 33.50M – 34.50M
- Alliance Resource Partners reports Q3 EPS 66c, consensus 86c
