Analyst Nathan Martin of Benchmark Co. maintained a Buy rating on Alliance Resource (ARLP – Research Report), with a price target of $29.00.
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Nathan Martin’s rating is based on Alliance Resource Partners LP’s strong market position and potential for stable revenue generation. Despite a fourth-quarter miss, the company is expected to maintain its coal margins in FY25 at levels similar to FY24, which offers confidence in its financial stability.
Furthermore, the increase in price target from $27.00 to $29.00 reflects positive expectations for the stock’s performance. The company’s market capitalization of $3,535 million also suggests a significant presence in the market, supporting the Buy rating.
Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ARLP in relation to earlier this year.