Alliance Resource Partners (NASDAQ:ARLP) Posts Quarterly Earnings Results, Misses Estimates By $0.38 EPS

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) posted its quarterly earnings data on Monday. The energy company reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.60 by ($0.38), Zacks reports. Alliance Resource Partners had a net margin of 18.52% and a return on equity of 23.74%.

Alliance Resource Partners Stock Performance

Shares of NASDAQ ARLP traded down $0.16 during midday trading on Thursday, hitting $27.98. 778,927 shares of the company's stock were exchanged, compared to its average volume of 473,324. The company has a quick ratio of 1.69, a current ratio of 2.36 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $3.58 billion, a PE ratio of 7.95 and a beta of 1.16. Alliance Resource Partners has a 12 month low of $18.32 and a 12 month high of $30.56. The company's 50 day moving average price is $26.99 and its 200 day moving average price is $25.64.

Alliance Resource Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be given a $0.70 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 10.01%. Alliance Resource Partners's payout ratio is 79.55%.

Insider Buying and Selling at Alliance Resource Partners

In other news, SVP Timothy J. Whelan sold 10,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $28.00, for a total transaction of $280,000.00. Following the sale, the senior vice president now directly owns 157,946 shares of the company's stock, valued at approximately $4,422,488. This represents a 5.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 16.80% of the company's stock.

Analyst Ratings Changes

ARLP has been the topic of several recent analyst reports. Singular Research lowered Alliance Resource Partners from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, December 2nd. StockNews.com downgraded shares of Alliance Resource Partners from a "buy" rating to a "hold" rating in a report on Wednesday. Finally, Benchmark reiterated a "buy" rating and issued a $29.00 price target (up previously from $27.00) on shares of Alliance Resource Partners in a research note on Tuesday.

Alliance Resource Partners Company Profile

Alliance Resource Partners, L.P., a diversified natural resource company, produces and markets coal primarily to utilities 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.