Alliance Resource Partners, L.P. – Analysts’ Revisions Show Sentiment Is Improving
By Kaden Berrington
June 6, 2020 - Alliance Resource Partners, L.P. (NASDAQ:ARLP) traded at $3.81 at last check on Friday, Jun 5, making an upward move of 14.53% on its previous day’s price.
Looking at the stock we see that its previous close was $3.27 and the beta (5Y monthly) reads 0.89 with the day’s price range being $3.5500 – 3.8800. The company has a 12-month trailing PE ratio of 1.16. In terms of its 52-week price range, ARLP has a high of $18.11 and a low of $2.7. The company’s stock has gained about -5.76% over that past 30 days.
On the other hand, looking at the outlook for the ARLP stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Let’s briefly compare Alliance (ARLP) stock to its peers. We find that today’s price change of +14.53% and -81.27% over the past 12 months for ARLP competes that of Warrior Met Coal Inc (HCC), which has seen its stock price rise 8.57% in the latest trading session and is -41.81% over the last one year. Another of its peers Peabody Energy Corp (BTU) has climbed 10.51% today, but is -85.78% down over the past year, while Suncoke Energy Inc (SXC) is also up 14.53% yet its price remains in the red at -81.27% over the same period. Warrior has a P/E ratio of 3.83 compared to Alliance’s 0 and Peabody’s 0. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 3.11% and 2.52%, respectively, in early deals.
Coming back to Alliance Resource Partners, L.P. (NASDAQ:ARLP), we note that the average 3-month trading volume was 890.51 Million, while that of the preceding 10-day period stands at 879.16 Million. Current shares outstanding are 127.19 Million.
According to data from Thomson Reuters, insiders hold 33.1% of the company’s shares while institutions hold 21.91%. The data shows that short shares as of May 14, 2020, stood at 2.19 Million at a short ratio of 2.64. This represents a 1.72% Short interest in Shares outstanding on May 14, 2020. Shares short dropped in May from the previous month at 2.29 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -69.78% down in year-to-date price movement.