Alliance Holdings GP’s (NASDAQ:AHGP) Hold Rating Reaffirmed at Stifel Nicolaus

Stifel Nicolaus reiterated their hold rating on shares of Alliance Holdings GP (NASDAQ:AHGP) in a research report sent to investors on Wednesday, November 15th, MarketBeat.com reports. The firm currently has a $31.00 price target on the energy company’s stock, down from their prior price target of $32.00.

AHGP has been the topic of a number of other reports. Zacks Investment Research lowered shares of Alliance Holdings GP from a strong-buy rating to a hold rating in a report on Monday, October 9th. ValuEngine lowered shares of Alliance Holdings GP from a strong-buy rating to a buy rating in a report on Friday, September 1st. BidaskClub lowered shares of Alliance Holdings GP from a sell rating to a strong sell rating in a report on Thursday, July 27th. Finally, TheStreet raised shares of Alliance Holdings GP from a c+ rating to a b- rating in a research note on Monday, October 16th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $30.67.

Alliance Holdings GP (NASDAQ:AHGP) opened at $25.32 on Wednesday. The stock has a market cap of $1,515.73, a PE ratio of 7.47 and a beta of 0.52. The company has a quick ratio of 0.54, a current ratio of 0.83 and a debt-to-equity ratio of 0.39. Alliance Holdings GP has a 1-year low of $22.71 and a 1-year high of $32.70.

Alliance Holdings GP (NASDAQ:AHGP) last released its earnings results on Monday, October 30th. The energy company reported $0.65 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.26). The firm had revenue of $453.09 million during the quarter, compared to analysts’ expectations of $486.80 million. Alliance Holdings GP had a net margin of 10.76% and a return on equity of 17.78%. Alliance Holdings GP’s revenue for the quarter was down 17.9% on a year-over-year basis. During the same quarter last year, the company posted $0.81 earnings per share. equities research analysts predict that Alliance Holdings GP will post 3.17 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Thursday, November 9th were paid a dividend of $0.735 per share. The ex-dividend date was Wednesday, November 8th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 11.61%. This is an increase from Alliance Holdings GP’s previous quarterly dividend of $0.73. Alliance Holdings GP’s dividend payout ratio is currently 89.09%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE increased its stake in shares of Alliance Holdings GP by 0.6% during the 1st quarter. Bank of America Corp DE now owns 22,207 shares of the energy company’s stock valued at $609,000 after acquiring an additional 140 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Alliance Holdings GP by 2.7% during the 2nd quarter. Principal Financial Group Inc. now owns 15,153 shares of the energy company’s stock valued at $359,000 after acquiring an additional 400 shares during the last quarter. Advisor Group Inc. increased its stake in shares of Alliance Holdings GP by 9.3% during the 2nd quarter. Advisor Group Inc. now owns 5,125 shares of the energy company’s stock valued at $122,000 after acquiring an additional 434 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Alliance Holdings GP by 2.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 156,033 shares of the energy company’s stock valued at $4,280,000 after acquiring an additional 3,107 shares during the last quarter. Finally, U S Global Investors Inc. increased its stake in shares of Alliance Holdings GP by 8.6% during the 3rd quarter. U S Global Investors Inc. now owns 44,300 shares of the energy company’s stock valued at $1,232,000 after acquiring an additional 3,500 shares during the last quarter. 20.97% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: This news story was originally published by Week Herald and is the sole property of of Week Herald. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright law. The original version of this news story can be read at https://weekherald.com/2017/12/04/alliance-holdings-gp-l-p-s-ahgp-hold-rating-reiterated-at-stifel-nicolaus.html.

About Alliance Holdings GP

Alliance Holdings GP, L.P. (AHGP) is a limited partnership company. The Company owns directly and indirectly the members’ interest in Alliance Resource Management GP, LLC (MGP), the managing general partner of Alliance Resource Partners, L.P. (ARLP). The Company’s segments include Illinois Basin, Appalachia, and Other and Corporate.

Receive News & Ratings for Alliance Holdings GP L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliance Holdings GP L.P. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply