Recent extremely meaningful negative changes in investment behavior have impacted Alliance Resource Partners LP (NASDAQ: ARLP): negative upside/downside volume developed, and its shorter term price trend turned down.
Alliance Resource Partners LP (NASDAQ: ARLP) has recently experienced significant negative changes in fundamentals: the consensus estimate for December, 2024 decreased significantly, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
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). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. Alliance Resource Partners has a slightly positive Power Rating of 67 and a very high Appreciation Score of 86, resulting in the Highest Value Trend Rating.
Recent Price Action
Alliance Resource Partners LP (NASDAQ: ARLP) stock closed at $23.30 on 9/3/24 after a decline of -2.6%. However, this decline was accompanied by normal trading volume at 83% of normal. The stock has declined -3.1% during the last week but has been exceptionally strong relative to the market over the last nine months.
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