Benchmark Co. analyst Nathan Martin reiterated a Buy rating on Alliance Resource (ARLP – Research Report) today and set a price target of $28.00. The company’s shares closed last Friday at $22.48.
According to TipRanks, Martin is a 5-star analyst with an average return of 36.9% and a 67.86% success rate. Martin covers the Energy sector, focusing on stocks such as Alliance Resource, Arch Resources, and Peabody Energy Comm.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Alliance Resource with a $30.00 average price target.
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Based on Alliance Resource’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $560.33 million and a net profit of $169.79 million. In comparison, last year the company earned a revenue of $463.42 million and had a net profit of $38.08 million
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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.
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