Alliance Holdings GP, L.P. (NASDAQ:AHGP) Receives Average Recommendation of “Hold” from Analysts

Alliance Holdings GP, L.P. (NASDAQ:AHGP) has received an average broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.

Zacks has also given Alliance Holdings GP, L.P. an industry rank of 169 out of 265 based on the ratings given to related companies.

AHGP has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Alliance Holdings GP, L.P. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 29th. Citigroup Inc. cut their price objective on shares of Alliance Holdings GP, L.P. from $56.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, October 15th.

Alliance Holdings GP, L.P. (NASDAQ:AHGP) opened at 20.18 on Monday. The company’s 50 day moving average is $21.49 and its 200-day moving average is $31.96. The stock has a market cap of $1.21 billion and a PE ratio of 4.76. Alliance Holdings GP, L.P. has a 1-year low of $15.71 and a 1-year high of $62.59.

Alliance Holdings GP, L.P. (NASDAQ:AHGP) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $0.94 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.10 by $0.16. The business had revenue of $566.30 million for the quarter, compared to analyst estimates of $629.79 million. During the same quarter last year, the firm earned $0.87 EPS. Equities research analysts forecast that Alliance Holdings GP, L.P. will post $4.20 earnings per share for the current fiscal year.

12 Month Chart for NASDAQ:AHGP

Alliance Holdings GP, L.P. (NASDAQ:AHGP) owns directly and indirectly 100% of the members’ interest in Alliance Resource Management GP, LLC (MGP). MGP is a managing general partner of Alliance Resource Partners, L.P. (ARLP). The ARLP Partnership is a diversified producer and marketer of coal primarily to United States utilities and industrial users. The Company operates in four segments: Illinois Basin, Appalachia, White Oak, and Other and Corporate. The ARLP Partnership operates in the eastern U.S. as a producer and marketer of coal to major utilities and industrial users. The ARLP Partnership operates ten underground mining complexes in Illinois, Indiana, Kentucky, Maryland and West Virginia. The ARLP Partnership also operates a coal loading terminal on the Ohio River at Mt. Vernon, Indiana.

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