Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) - Stock analysts at Noble Financial lowered their Q4 2024 earnings per share (EPS) estimates for shares of Alliance Resource Partners in a research note issued to investors on Tuesday, October 29th. Noble Financial analyst M. Reichman now anticipates that the energy company will earn $0.61 per share for the quarter, down from their prior estimate of $0.80. The consensus estimate for Alliance Resource Partners' current full-year earnings is $3.56 per share. Noble Financial also issued estimates for Alliance Resource Partners' Q4 2025 earnings at $0.86 EPS.
Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The energy company reported $0.66 EPS for the quarter, missing analysts' consensus estimates of $0.82 by ($0.16). Alliance Resource Partners had a net margin of 21.04% and a return on equity of 27.54%. The business had revenue of $613.57 million during the quarter, compared to analysts' expectations of $646.17 million. During the same quarter in the previous year, the company posted $1.18 EPS.
A number of other research analysts also recently issued reports on ARLP. Benchmark raised their price target on Alliance Resource Partners from $26.00 to $27.00 and gave the stock a "buy" rating in a research note on Tuesday. StockNews.com cut Alliance Resource Partners from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, July 31st.
View Our Latest Report on Alliance Resource Partners
Alliance Resource Partners Stock Up 2.1 %
Shares of ARLP traded up $0.54 during mid-day trading on Thursday, reaching $26.17. The company's stock had a trading volume of 278,849 shares, compared to its average volume of 379,790. Alliance Resource Partners has a 12-month low of $18.32 and a 12-month high of $26.28. The stock has a market cap of $3.35 billion, a PE ratio of 7.43 and a beta of 1.13. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.53 and a quick ratio of 1.80. The company's 50 day moving average is $24.47 and its 200 day moving average is $23.92.
Institutional Investors Weigh In On Alliance Resource Partners
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ARLP. Commonwealth Equity Services LLC lifted its stake in Alliance Resource Partners by 36.5% in the first quarter. Commonwealth Equity Services LLC now owns 53,357 shares of the energy company's stock valued at $1,070,000 after buying an additional 14,255 shares during the last quarter. J.W. Cole Advisors Inc. raised its stake in shares of Alliance Resource Partners by 18.4% during the first quarter. J.W. Cole Advisors Inc. now owns 20,102 shares of the energy company's stock worth $403,000 after purchasing an additional 3,131 shares during the last quarter. Magnolia Group LLC raised its stake in shares of Alliance Resource Partners by 7.1% during the first quarter. Magnolia Group LLC now owns 3,443,871 shares of the energy company's stock worth $69,050,000 after purchasing an additional 229,700 shares during the last quarter. American Financial Group Inc. raised its stake in shares of Alliance Resource Partners by 2.0% during the first quarter. American Financial Group Inc. now owns 25,500 shares of the energy company's stock worth $511,000 after purchasing an additional 500 shares during the last quarter. Finally, Texas Yale Capital Corp. raised its stake in shares of Alliance Resource Partners by 8.6% during the first quarter. Texas Yale Capital Corp. now owns 12,677 shares of the energy company's stock worth $254,000 after purchasing an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 18.11% of the company's stock.
Alliance Resource Partners Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 10.70%. The ex-dividend date is Thursday, November 7th. Alliance Resource Partners's dividend payout ratio is currently 79.55%.
Alliance Resource Partners Company Profile
(
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.
Further Reading
Before you consider Alliance Resource Partners, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alliance Resource Partners wasn't on the list.
While Alliance Resource Partners currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
