Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Alliance Resource Partners LP (NASDAQ: ARLP) weakened in recent days. ARLP’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Alliance Resource Partners LP (NASDAQ: ARLP) stock rose modestly by 0.8% on 5/1/24. The stock closed at $22.61. Moreover, trading volume in this advance was unusually high at 190% of normal. The stock has been weak relative to the market over the last nine months but has risen 6.7% during the last week.
Current PriceTarget Research Rating
ARLP’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Alliance Resource Partners has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Alliance Resource Partners has a very high Appreciation Score of 87 but a slightly negative Power Rating of 34, and the High Neutral Value Trend Rating results.
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