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

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

Alliance Resource Partners Stock Down 0.6 %

NASDAQ ARLP traded down $0.16 on Thursday, hitting $27.98. The stock had a trading volume of 778,927 shares, compared to its average volume of 473,324. The business's fifty day moving average price is $26.99 and its 200 day moving average price is $25.64. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.36 and a quick ratio of 1.69. Alliance Resource Partners has a 52-week low of $18.32 and a 52-week high of $30.56. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of 7.95 and a beta of 1.16.

Alliance Resource Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 10.01%. The ex-dividend date is Friday, February 7th. Alliance Resource Partners's dividend payout ratio is currently 79.55%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Singular Research downgraded shares of Alliance Resource Partners from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, December 2nd. Benchmark reissued a "buy" rating and issued a $29.00 price objective (up previously from $27.00) on shares of Alliance Resource Partners in a research note on Tuesday. Finally, StockNews.com downgraded shares of Alliance Resource Partners from a "buy" rating to a "hold" rating in a research note on Wednesday.

Insiders Place Their Bets

In other news, SVP Timothy J. Whelan sold 10,000 shares of Alliance Resource Partners stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $28.00, for a total transaction of $280,000.00. Following the completion of the sale, the senior vice president now directly owns 157,946 shares in the company, valued at approximately $4,422,488. The trade was a 5.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 16.80% of the company's stock.

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.