Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $25.08 and traded as high as $26.45. Alliance Resource Partners shares last traded at $26.29, with a volume of 441,168 shares.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on ARLP. StockNews.com downgraded Alliance Resource Partners from a "strong-buy" rating to a "buy" rating in a report on Friday, November 15th. Singular Research cut shares of Alliance Resource Partners from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, December 2nd. Finally, Benchmark lifted their target price on Alliance Resource Partners from $26.00 to $27.00 and gave the company a "buy" rating in a research note on Tuesday, October 29th.
View Our Latest Stock Analysis on ARLP
Alliance Resource Partners Stock Performance
The stock has a 50-day moving average price of $26.53 and a 200 day moving average price of $25.10. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.36 and a quick ratio of 1.69. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 7.47 and a beta of 1.16.
Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last released its earnings results on Monday, October 28th. The energy company reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.82 by ($0.16). Alliance Resource Partners had a return on equity of 23.74% and a net margin of 18.52%. The firm had revenue of $613.57 million for the quarter, compared to the consensus estimate of $646.17 million. During the same quarter last year, the company posted $1.18 EPS. As a group, analysts anticipate that Alliance Resource Partners, L.P. will post 3.19 EPS for the current fiscal year.
Alliance Resource Partners Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 10.65%. The ex-dividend date of this dividend was Thursday, November 7th. Alliance Resource Partners's dividend payout ratio (DPR) is currently 79.55%.
Insider Transactions at Alliance Resource Partners
In related news, SVP Timothy J. Whelan sold 10,000 shares of the company's stock in a transaction dated 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 owns 157,946 shares in the company, valued at approximately $4,422,488. This represents a 5.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 16.80% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the stock. Concurrent Investment Advisors LLC acquired a new stake in shares of Alliance Resource Partners in the 2nd quarter valued at approximately $339,000. Commonwealth Equity Services LLC grew its position in shares of Alliance Resource Partners by 6.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 56,969 shares of the energy company's stock valued at $1,393,000 after acquiring an additional 3,612 shares during the period. Autumn Glory Partners LLC increased its stake in shares of Alliance Resource Partners by 20.8% during the 2nd quarter. Autumn Glory Partners LLC now owns 52,300 shares of the energy company's stock worth $1,279,000 after purchasing an additional 9,000 shares during the last quarter. Founders Financial Securities LLC bought a new stake in shares of Alliance Resource Partners in the 2nd quarter valued at about $242,000. Finally, Fairbanks Capital Management Inc. lifted its stake in Alliance Resource Partners by 5.8% in the 2nd quarter. Fairbanks Capital Management Inc. now owns 306,993 shares of the energy company's stock valued at $7,509,000 after purchasing an additional 16,844 shares during the last quarter. Institutional investors and hedge funds own 18.11% of the company's stock.
About Alliance Resource Partners
(
Get Free Report)
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.
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