Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Alliance Resource Partners, L.P. before investing.

In this article, we go over a few key elements for understanding Alliance Resource Partners, L.P.’s stock price such as:

• Alliance Resource Partners, L.P.’s current stock price and volume
• Why Alliance Resource Partners, L.P.’s stock price changed recently
• Upgrades and downgrades for ARLP from analysts
• ARLP’s stock price momentum as measured by its relative strength

About Alliance Resource Partners, L.P. (ARLP)

Before we jump into Alliance Resource Partners, L.P.’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Alliance Resource Partners, L.P. is a diversified natural resource company. It is engaged in production and marketing of coal to domestic utilities, industrial users and international customers, as well as royalty income from oil & gas mineral interests. It operates through four segments: Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties and Coal Royalties. The Illinois Basin Coal Operation includes the Gibson County Coal, LLC mining complex; the Warrior Coal, LLC mining complex; the River View Coal, LLC mining complex and the Hamilton County Coal, LLC mining complex. The Appalachia Coal Operations include the Mettiki mining complex, the Tunnel Ridge mining complex and the MC Mining, LLC mining complex. The Oil & Gas Royalties includes oil and gas mineral interests held by Alliance Minerals as well as its equity interests in AllDale III. The Coal Royalties segment includes coal mineral reserves and resources owned or leased by Alliance Resource Properties.

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Alliance Resource Partners, L.P.’s Stock Price as of Market Close

As of May 07, 2024, 4:00 PM, CST, Alliance Resource Partners, L.P.’s stock price was $22.48.

Alliance Resource Partners, L.P. is down 5.23% from its previous closing price of $23.72.

During the last market session, Alliance Resource Partners, L.P.’s stock traded between $23.37 and $23.90. Currently, there are 127.12 million shares of Alliance Resource Partners, L.P. stock available for purchase.

Alliance Resource Partners, L.P.’s price-earnings (P/E) ratio is currently at 4.9, which is low compared to the Coal industry median of 6.2. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Alliance Resource Partners, L.P. Stock Price History

Alliance Resource Partners, L.P.’s (ARLP) price is currently up 0.22% so far this month.

During the month of May, Alliance Resource Partners, L.P.’s stock price has reached a high of $23.90 and a low of $21.84.

Over the last year, Alliance Resource Partners, L.P. has hit prices as high as $24.30 and as low as $17.05. Year to date, Alliance Resource Partners, L.P.’s stock is up 10.63%.

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What Caused Alliance Resource Partners, L.P. Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 06, 2024, there were 3 analysts who downgraded Alliance Resource Partners, L.P.’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Alliance Resource Partners, L.P.’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Alliance Resource Partners, L.P.’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Alliance Resource Partners, L.P.’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Alliance Resource Partners, L.P. (ARLP) by visiting AAII Stock Evaluator.

Relative Price Strength of Alliance Resource Partners, L.P.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 06, 2024, Alliance Resource Partners, L.P. has a weighted four-quarter relative price strength of 3.64%, which translates to a Momentum Score of 75 and is considered to be Strong.

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Alliance Resource Partners, L.P. Stock Price: Bottom Line

As of May 7, 2024, Alliance Resource Partners, L.P.’s stock price is $22.48, which is down 5.23% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Alliance Resource Partners, L.P. stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.