Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) saw strong trading volume on Wednesday . 303,139 shares changed hands during trading, an increase of 15% from the previous session’s volume of 263,828 shares.The stock last traded at $21.99 and had previously closed at $21.46.

Several analysts recently issued reports on the company. FBR & Co upped their target price on Alliance Resource Partners, L.P. from $19.00 to $22.00 and gave the stock an “outperform” rating in a report on Monday, August 1st. Zacks Investment Research upgraded Alliance Resource Partners, L.P. from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective on the stock in a research note on Monday, August 1st. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $22.50.

The stock has a market cap of $1.64 billion, a P/E ratio of 13.70 and a beta of 0.80. The firm has a 50-day moving average price of $20.34 and a 200 day moving average price of $16.27.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.27. The company earned $439.20 million during the quarter, compared to the consensus estimate of $444.13 million. The company’s revenue for the quarter was down 27.4% compared to the same quarter last year. During the same period last year, the firm posted $0.76 EPS. Equities research analysts expect that Alliance Resource Partners, L.P. will post $2.45 EPS for the current year.

In related news, VP Robert J. Fouch sold 17,000 shares of Alliance Resource Partners, L.P. stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $19.34, for a total value of $328,780.00. Following the sale, the vice president now owns 33,242 shares of the company’s stock, valued at approximately $642,900.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Several large investors have recently bought and sold shares of the company. Royal Bank of Canada boosted its stake in shares of Alliance Resource Partners, L.P. by 0.5% in the second quarter. Royal Bank of Canada now owns 43,400 shares of the company’s stock worth $684,000 after buying an additional 200 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Alliance Resource Partners, L.P. by 8.0% in the second quarter. IFP Advisors Inc now owns 8,763 shares of the company’s stock worth $138,000 after buying an additional 651 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in shares of Alliance Resource Partners, L.P. during the second quarter worth about $583,000. Guggenheim Capital LLC boosted its stake in shares of Alliance Resource Partners, L.P. by 34.0% in the second quarter. Guggenheim Capital LLC now owns 71,246 shares of the company’s stock worth $1,123,000 after buying an additional 18,076 shares during the last quarter. Finally, Clinton Group Inc. boosted its stake in shares of Alliance Resource Partners, L.P. by 77.7% in the second quarter. Clinton Group Inc. now owns 36,021 shares of the company’s stock worth $568,000 after buying an additional 15,751 shares during the last quarter.

Alliance Resource Partners, L.P. Company 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. It operates over 10 underground mining complexes in Illinois, Indiana, Kentucky, Maryland and West Virginia.

5 Day Chart for NASDAQ:ARLP

Receive News & Ratings for Alliance Resource Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliance Resource Partners L.P. and related companies with Analyst Ratings Network's FREE daily email newsletter.