Alliance Resource Partners LP (NASDAQ: ARLP) has reported earnings for its third fiscal quarter (ending September 30) of $0.66 versus $1.18 for the same period a year ago — a decline of -44%. For the latest four quarters through September 30, E.P.S. were $3.52 versus $5.56 for the same period a year ago — a decline of -37%.
Recent Price Action
On 10/28/24, Alliance Resource Partners LP (NASDAQ: ARLP) stock declined slightly by -0.5%, closing at $25.50. Moreover, trading volume in this decline was exceptionally high at 263% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 1.6% 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). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Alliance Resource Partners has a good Power Rating of 70 and a good Appreciation Score of 83, 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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