Alliance Resource Partners LP (ARLP) saw a big move last session, as the company’s shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for Alliance Resource Partners, as the stock is now down over 21% in the past one-month time frame.
Although this slump was obviously disappointing, this coal producer and marketer has seen 1 positive revision and its current year earnings consensus has moved higher over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for Alliance Resource Partners. So make sure to keep an eye on this stock going forward to see if yesterday’s price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.
Alliance Resource Partners currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Some better-ranked stocks in the same sector include Glencore Plc (GLNCY), Natural Resource Partners LP (NRP) and SunCoke Energy Partners, L.P. (SXCP). All these stocks hold a Zacks Rank #2 (Buy).
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