Alliance Resource Partners, LP (NASDAQ: ARLP – Get a rating) the stock price widened ahead of Tuesday’s trading. The stock had previously closed at $18.56, but opened at $19.27. Shares of Alliance Resource Partners last traded at $19.27, with a volume of 100 shares.
Several research analysts have published reports on the company. StockNews.com upgraded Alliance Resource Partners from a “buy” rating to a “strong buy” rating in a Tuesday, May 10 research report. Noble Financial began covering Alliance Resource Partners in a report on Wednesday March 30. They issued an “outperform” rating and a target price of $22.00 on the stock.
The company has a quick ratio of 1.53, a current ratio of 2.00 and a debt ratio of 0.34. The company has a market capitalization of $2.30 billion, a price-earnings ratio of 12.38 and a beta of 1.43. The company has a 50-day moving average of $18.60 and a 200-day moving average of $15.64.
Alliance Resource Partners (NASDAQ: ARLP – Get a rating) last released its quarterly earnings data on Monday, May 2. The energy company reported EPS of $0.28 for the quarter, missing analyst consensus estimates of $0.60 per ($0.32). The company posted revenue of $460.86 million for the quarter, versus analyst estimates of $483.56 million. Alliance Resource Partners posted a net margin of 11.10% and a return on equity of 15.92%. During the same period of the previous year, the company achieved EPS of $0.19. Research analysts predict that Alliance Resource Partners, LP will post earnings per share of 3.41 for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 13. Investors of record on Friday, May 6 received a dividend of $0.35 per share. The ex-dividend date was Thursday, May 5. This represents a dividend of $1.40 on an annualized basis and a dividend yield of 7.75%. This is a positive change from Alliance Resource Partners’ previous quarterly dividend of $0.25. Alliance Resource Partners’ dividend payout ratio (DPR) is currently 95.89%.
Several institutional investors and hedge funds have been buying and selling stocks recently. JNBA Financial Advisors acquired a new stake in Alliance Resource Partners in Q4 worth approximately $32,000. McIlrath & Eck LLC increased its stake in Alliance Resource Partners by 1,764.7% in Q1. McIlrath & Eck LLC now owns 3,170 shares of the energy company worth $49,000 after buying 3,000 more shares in the last quarter. True North Advisors LLC acquired a new stake in Alliance Resource Partners in Q4 valued at approximately $126,000. Capital Advisors Inc. OK acquired a new stake in Alliance Resource Partners in Q1 worth approximately $167,000. Finally, HighTower Advisors LLC acquired a new stake in Alliance Resource Partners in Q4 worth approximately $159,000. 22.79% of the shares are currently held by institutional investors and hedge funds.
About Alliance Resource Partners (NASDAQ: ARLP)
Alliance Resource Partners, LP, a diversified natural resources company, produces and markets coal primarily to utility and industrial users in the United States. The Company operates through four segments: Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties and Coal Royalties.
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