Alert: Negative Investment/Fundamental Signals (12/6/23)-Alliance Resource Partners LP (NASDAQ: ARLP)


Extremely significant negative changes in Alliance Resource Partners LP (NASDAQ: ARLP) investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, the stock fell on very heavy volume, and negative upside/downside volume developed.

Recent modest negative changes in fundamentals have affected Alliance Resource Partners LP (NASDAQ: ARLP). Negative developments: the consensus estimate for December, 2023 decreased significantly, and the consensus estimate for December, 2024 decreased significantly. Positive development: significant quarterly earnings acceleration 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 is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Alliance Resource Partners has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Alliance Resource Partners has a good Power Rating of 82 and a very high Appreciation Score of 94, leading to the Highest Value Trend Rating.

Recent Price Action

Alliance Resource Partners LP (NASDAQ: ARLP) stock declined by -3.1% on 12/6/23. The shares closed at $19.80. Moreover, trading volume in this decline was exceptionally high at 292% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -5.9% during the last week.

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