Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) announced its quarterly earnings results on Monday. The energy company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.16), Yahoo Finance reports. The firm had revenue of $613.57 million for the quarter, compared to the consensus estimate of $646.17 million. Alliance Resource Partners had a net margin of 21.04% and a return on equity of 27.54%. During the same period last year, the business earned $1.18 EPS.
Alliance Resource Partners Stock Performance
NASDAQ:ARLP traded up $0.11 during mid-day trading on Tuesday, hitting $25.61. 282,343 shares of the company traded hands, compared to its average volume of 380,772. The company has a quick ratio of 1.80, a current ratio of 2.53 and a debt-to-equity ratio of 0.24. The stock's fifty day moving average price is $24.39 and its 200-day moving average price is $23.89. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of 5.60 and a beta of 1.13. Alliance Resource Partners has a one year low of $18.32 and a one year high of $26.21.
Alliance Resource Partners Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, November 7th will be issued a $0.70 dividend. The ex-dividend date is Thursday, November 7th. This represents a $2.80 dividend on an annualized basis and a yield of 10.93%. Alliance Resource Partners's dividend payout ratio is currently 61.27%.
Wall Street Analyst Weigh In
ARLP has been the subject of a number of research analyst reports. Benchmark lifted their target price on shares of Alliance Resource Partners from $26.00 to $27.00 and gave the stock a "buy" rating in a research report on Tuesday. StockNews.com downgraded shares of Alliance Resource Partners from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, July 31st.
View Our Latest Stock Analysis on ARLP
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.
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