Analyst Ratings for Alliance Resource Partners L.P. (ARLP)Updated: 2017-07-28
Alliance Resource Partners L.P. (NASDAQ:ARLP) was awarded an average rating of Overweight from investment analysts following the stock. ARLP had previously received a consensus rating of Overweight a month ago.
4 analysts declared ARLP a buy, 1 gave an overweight rating, 2 gave a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Compared to three months ago, there has been an increase of 1 in the number of analysts with a positive outlook on the stock. During this time, the number of analysts bearish on the stock has increased by 0.
Several price targets were given for ARLP by the analysts covering the stock. The most optimistic price target was 32, which equates to a potential upside of 60.8 percent. The most pessimistic analyst gave a price target of 25, implying a possible loss of 25.63 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -0.64 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 14.83 percent. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 12.98 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 1 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 2 analysts made negative revisions to their fiscal year's estimates.
Analysts estimate earnings of ARLP to grow at a rate of -22.13 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers in the industry. ARLP has a PEG ratio of -0.22.
In the last 52-weeks, ARLP has achieved a high of 26.65 and a low of 18.15. Currently the stock is 9.64 percent higher than its low, and below the high by 25.33 percent. ARLP has a P/E ratio of 4.82. Investors typically compare the P/E ratio to a company's peers in the industry. The ARLP value stock report compares ARLP to some of its peers using value stock charts. The stock has a market capitalization of $1.5 billion. ARLP will post this quarters earnings in days, on 0000-00-00.