Alliance Resource Partners L.P. (ARLP) reported quarterly earnings results on Tuesday, Jul-26-2016. The company said it had a profit of $0.82 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.27. Analysts had a consensus of $0.55. The company posted revenue of $439.20 million in the period, compared to analysts expectations of $440.83 million. The company’s revenue was down -27.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS.
Many Wall Street Analysts have commented on Alliance Resource Partners L.P.. Company shares were Reiterated by FBR Capital on May 2, 2016 to “Outperform”, Firm has raised the Price Target to $ 19 from a previous price target of $18 .
Alliance Resource Partners L.P. closed down -0.03 points or -0.17% at $17.71 with 2,74,782 shares getting traded on Wednesday. Post opening the session at $17.65, the shares hit an intraday low of $17.472 and an intraday high of $17.92 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Feb 11, 2016, John P Neafsey (director) purchased 5,000 shares at $12.15 per share price. According to the SEC, on Aug 6, 2015, Robert J Fouch (Vice President and Controller) purchased 11,000 shares at $23.47 per share price.
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 four segments: the Illinois Basin Appalachia White Oak Resources LLC (White Oak) and Other and Corporate. The Companys Illinois Basin mining operations are located in western Kentucky southern Illinois and southern Indiana. The Companys Appalachian mining operations are located in eastern Kentucky Maryland and West Virginia. It owns and operates the coal handling and processing facilities and provides mine products and services. The Company also develops and markets additional services including ash and scrubber sludge removal coal yard maintenance and arranging alternate transportation services.