Alliance Resource Partners, L.P. (ARLP) Reaches $20.20 After 4.00% Up Move, Cone Midstream Partners LP (CNNX) Sellers Increased By 71.28% Their Shorts

June 19, 2017 - By Linda Rogers

The stock of Alliance Resource Partners, L.P. (NASDAQ:ARLP) is a huge mover today! About 399,673 shares traded or 26.48% up from the average. Alliance Resource Partners, L.P. (NASDAQ:ARLP) has risen 50.47% since June 19, 2016 and is uptrending. It has outperformed by 33.77% the S&P500.The move comes after 8 months positive chart setup for the $1.35B company. It was reported on Jun, 19 by Barchart.com. We have $21.01 PT which if reached, will make NASDAQ:ARLP worth $54.00 million more.

Cone Midstream Partners LP (NYSE:CNNX) had an increase of 71.28% in short interest. CNNX’s SI was 338,100 shares in June as released by FINRA. Its up 71.28% from 197,400 shares previously. With 244,100 avg volume, 1 days are for Cone Midstream Partners LP (NYSE:CNNX)’s short sellers to cover CNNX’s short positions. The SI to Cone Midstream Partners LP’s float is 1.69%. About 303,482 shares traded or 74.85% up from the average. CONE Midstream Partners LP (NYSE:CNNX) has risen 44.45% since June 19, 2016 and is uptrending. It has outperformed by 27.75% the S&P500.

Investors sentiment decreased to 0.81 in 2016 Q4. Its down 0.37, from 1.18 in 2016Q3. It dived, as 17 investors sold Alliance Resource Partners, L.P. shares while 35 reduced holdings. 16 funds opened positions while 26 raised stakes. 17.31 million shares or 4.91% less from 18.21 million shares in 2016Q3 were reported. Fifth Third Commercial Bank owns 13,550 shares for 0% of their portfolio. Utd Capital Financial Advisers Ltd owns 0.01% invested in Alliance Resource Partners, L.P. (NASDAQ:ARLP) for 27,738 shares. Illinois-based Old Second Savings Bank Of Aurora has invested 0.01% in Alliance Resource Partners, L.P. (NASDAQ:ARLP). Fincl Architects accumulated 629 shares. Moreover, Hsbc Public Ltd has 0% invested in Alliance Resource Partners, L.P. (NASDAQ:ARLP). Commonwealth Of Pennsylvania School Empls Retrmt reported 0.03% stake. Glenmede Trust Na holds 0% or 33,901 shares in its portfolio. Van Eck Associates Corp invested in 0.03% or 290,094 shares. Morgan Stanley reported 671,358 shares. Impala Asset Management Limited Liability Company has 178,012 shares. Pennsylvania-based Cordasco has invested 0% in Alliance Resource Partners, L.P. (NASDAQ:ARLP). 50,229 are held by Cambridge Incorporated. Mcf Advsr Limited Liability Co stated it has 2,300 shares. California Public Employees Retirement System reported 110,800 shares. Ameriprise Financial, Minnesota-based fund reported 12,588 shares.

Among 6 analysts covering Alliance Resource Partners (NASDAQ:ARLP), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Alliance Resource Partners has $34 highest and $19 lowest target. $27.14’s average target is 34.36% above currents $20.2 stock price. Alliance Resource Partners had 15 analyst reports since July 22, 2015 according to SRatingsIntel. M Partners initiated it with “Neutral” rating and $25.0 target in Tuesday, December 20 report. On Friday, September 18 the stock rating was initiated by FBR Capital with “Outperform”. The firm earned “Buy” rating on Monday, October 5 by Deutsche Bank. The firm has “Outperform” rating by FBR Capital given on Tuesday, November 1. Cowen & Co maintained Alliance Resource Partners, L.P. (NASDAQ:ARLP) on Thursday, July 30 with “Outperform” rating. The firm has “Outperform” rating by FBR Capital given on Monday, May 2. As per Wednesday, November 23, the company rating was maintained by FBR Capital. The stock of Alliance Resource Partners, L.P. (NASDAQ:ARLP) earned “Outperform” rating by FBR Capital on Thursday, October 13. On Thursday, August 6 the stock rating was upgraded by Zacks to “Strong Sell”. The stock of Alliance Resource Partners, L.P. (NASDAQ:ARLP) has “Outperform” rating given on Tuesday, November 3 by Cowen & Co.

Alliance Resource Partners, L.P. is a producer and marketer of coal primarily to the United States utilities and industrial users. The company has market cap of $1.35 billion. The Firm operates through divisions, including Illinois Basin, Appalachia, and Other and Corporate. It has a 4.76 P/E ratio. The Illinois Basin segment consists of various operating divisions, including Webster County Coal, LLC’s Dotiki mining complex, Gibson County Coal, LLC’s mining complex, which includes the Gibson North mine and Gibson South mine, Hopkins County Coal, LLC’s mining complex, which includes the Elk Creek mine, the Pleasant View surface mineable reserves and the Fies property, White County Coal, LLC’s, Pattiki mining complex, Warrior Coal, LLC’s mining complex, Sebree Mining, LLC’s mining complex, which includes the Onton mine and River View Coal, LLC mining complex.

Analysts await Alliance Resource Partners, L.P. (NASDAQ:ARLP) to report earnings on July, 25. They expect $0.76 EPS, down 9.52% or $0.08 from last year’s $0.84 per share. ARLP’s profit will be $50.79M for 6.64 P/E if the $0.76 EPS becomes a reality. After $1.10 actual EPS reported by Alliance Resource Partners, L.P. for the previous quarter, Wall Street now forecasts -30.91% negative EPS growth.

CONE Midstream Partners LP is a master limited partnership formed by CONSOL Energy Inc. and Noble Energy, Inc. (Noble Energy). The company has market cap of $1.09 billion. The Firm owns, operates, develops and acquires natural gas gathering and other midstream energy assets to service CONSOL’s and Noble Energy’s production in the Marcellus Shale in Pennsylvania and West Virginia. It has a 11.21 P/E ratio. The Company’s assets include natural gas gathering pipelines and compression and dehydration facilities, as well as condensate gathering, collection, separation and stabilization facilities.

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