Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Alliance Resource Partners LP (NASDAQ: ARLP) improved in recent days. ARLP’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
Alliance Resource Partners LP (NASDAQ: ARLP) stock declined modestly by -1.0% on 6/14/24. The stock closed at $23.50. However, trading volume in this decline was exceptionally low at 47% of normal. The stock has been weak relative to the market over the last nine months and 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 B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Alliance Resource Partners has a very high Appreciation Score of 86 but a slightly negative Power Rating of 38, resulting in the Positive Value Trend Rating.
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