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Arlp stock forecast remains optimistic as energy futures

Model: NS-40F401NA26
SKU: 6614066
$251.00
Comp. Value: $873.000
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ARLP stock forecast remains optimistic as energy futures trade higher; the company is benefiting from diversified revenue streams, reducing exposure to single-market volatility. Investors eye $25 as a key breakout level. Lastly, the valuation makes a lot of sense. A forward-year earnings multiple of 6 is an inexpensive price to pay for a premier coal company that's firing on all cylinders. Our latest available data shows that ARLP has returned about 4% since the start of the calendar year. Meanwhile, the Oils-Energy sector has returned an average of 3.9% on a year-to-date basis. This shows that Alliance Resource Partners, L.P. is outperforming its peers so far this year. ARLP stock forecast for June 2024 suggests potential testing of $26 resistance, with technical setups indicating low risk of sharp pullbacks if fuel prices remain elevated.