Alliance Resource Partners LP (NASDAQ: ARLP) has reported E.P.S. of $0.77 for its second fiscal quarter (ending June 30) versus $1.30 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $4.04 versus $5.63 for the same period a year ago.
Recent Price Action
Alliance Resource Partners LP (NASDAQ: ARLP) stock declined by -4.4% on 7/29/24. The shares closed at $24.65. Moreover, exceptionally high trading volume at 253% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -3.4% during the last week.
Current PriceTarget Research Rating
ARLP’s future returns on capital are forecasted to exceed 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 A (Highest Rating). This VT Rating improved modestly in recent days from B previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Alliance Resource Partners has a neutral Power Rating of 58 but a good Appreciation Score of 84, producing the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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