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Should You Buy Alliance Resource Partners, L.P. (ARLP) Stock on Wednesday?

Wednesday, October 05, 2022 01:20 PM | InvestorsObserver Analysts
Should You Buy Alliance Resource Partners, L.P. (ARLP) Stock on Wednesday?

Alliance Resource Partners, L.P. (ARLP) stock is higher by 1.88% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
Alliance Resource Partners, L.P. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ARLP!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With ARLP Stock Today?

Alliance Resource Partners, L.P. (ARLP) stock is higher by 1.28% while the S&P 500 is lower by -0.23% as of 1:15 PM on Wednesday, Oct 5. ARLP is higher by $0.31 from the previous closing price of $24.13 on volume of 169,251 shares. Over the past year the S&P 500 is down -12.05% while ARLP is higher by 105.03%. ARLP earned $2.34 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 10.47. To see InvestorsObserver's Sentiment Score for Alliance Resource Partners, L.P. click here.

More About Alliance Resource Partners, L.P.

Alliance Resource Partners LP operates as a coal mining company based in the United States. It has four segments Illinois Basin, Appalachia, Oil & Gas Royalties and Coal Royalties. The Illinois Basin comprises underground mining complexes in Illinois, Indiana, Kentucky, Maryland and West Virginia and it makes up for most of the company's revenue-generating operations. The Appalachia segment comprises the Mettiki mining complex, the Tunnel Ridge mining complex and the MC Mining mining complex. The Oil & Gas Royalties has oil & gas mineral interests held by AR Midland and AllDale I & II and includes Alliance Minerals' equity interests in both AllDale III and Cavalier Minerals. The Coal Royalties has includes coal mineral reserves and resources owned or leased by Alliance Resource Properties. Click Here to get the full Stock Report for Alliance Resource Partners, L.P. stock.

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