Eagle & Beagle for Sunday, Feb. 2, 2014

Don Mecoy: Eagle & Beagle is a weekly look at Oklahoma's high-performing (eagle) and low-performing (beagle) stocks.
by Don Mecoy Published: February 2, 2014
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Stocks

Eagle

No mystery about the ascent of this week's eagle.

Alliance Holdings GP, controlling partner of Tulsa-based coal producer Alliance Resource Partners, reported early Tuesday that it produced an 11 percent year-over-year jump in profits during its most recent quarter. Annual net income rose 19 percent.

AHGP also said it would bump its quarterly distribution to an annualized rate of $3.31.

The price of AHGP units gapped up at the open Tuesday and maintained upward momentum throughout the week, closing higher every day than it had opened.

By week's end, the units had gained 11.2 percent to close at $56.25 — a cozy spot for coal investors.

Beagle

Even holders of our beagle stock probably knew an appearance here by their investment was inevitable.

AAON Inc., the Tulsa-based maker of industrial heating and cooling equipment, led all Oklahoma stocks in 2013 with a 130 percent gain. The stock ended the year at $31.95. AAON benefited greatly from the improved economy, which generated new orders from some of the firm's large business customers.

Last week, traders gave AAON shares (and shareholders) an 8 percent haircut. The stock closed Friday at $29.66.

A recent slip after such a huge run-up often signals some profit-taking.

But those who have held the stock for a year are still playing with house money.

Eagle & Beagle is a weekly look at the state's high-performing (eagle) and low-performing (beagle) stocks by Business Editor Don Mecoy.


by Don Mecoy
Business Editor
Business Editor Don Mecoy has covered business news for more than a decade after earlier working on The Oklahoman's city, state and metro news desks, including a stint as city editor. He has won state and regional journalism awards for business,...
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