B.Riley FBR analyst Lucas Pipes reiterated a Hold rating on Alliance Resource (NASDAQ:ARLP) Partners L.P. on Monday, setting a price target of $7, which is approximately 108.33% above the present share price of $3.36.
Pipes expects Alliance Resource Partners L.P. to post earnings per share (EPS) of $0.20 for the second quarter of 2020.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in Alliance Resource, with an average price target of $6.5.
The analysts price targets range from a high of $7 to a low of $6.
In its latest earnings report, released on 12/31/2019, the company reported a quarterly revenue of $453.34 million and a net profit of $35.98 million. The company's market cap is $427.38 million.
According to TipRanks.com, B.Riley FBR analyst Lucas Pipes ' ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -17.2% and a 34.7% success rate.
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.