Commenting on Coal MLPs, Wells Fargo (NYSE:WFC) took a quick look at Penn Virginia Resource Partners, L.P. (NYSE:PVR), Alliance Resource Partners, L.P. (Nasdaq:ARLP), and Oxford Resource Partners, L.P. (NYSE:OXF).
"We are increasing valuation range for Penn Virginia Resource Partners, L.P. to $24 to $26 from $23 to $25. We are downgrading Alliance Resource Partners, L.P. to Underperform from Outperform based on valuation. Our top Outperform pick in this subsector is Oxford Resource Partners, L.P," said Wells.
Penn Virginia Resource Partners, L.P. closed Thursday at $26.05, losing $0.03, or 0.12 percent. Alliance Resource Partners ended the session at $60.86, losing $0.64, or 1.04 percent. Favorite Oxford Resource Partners, L.P. ended the day up at $21.33, gaining $0.42, or 2.01 percent.
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