Alliance Resource Partners (NASDAQ:ARLP) Stock Price Down 3% - What's Next?

Alliance Resource Partners, L.P. (NASDAQ:ARLP - Get Free Report)'s share price fell 3% during trading on Monday . The company traded as low as $24.48 and last traded at $24.86. 156,494 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 379,073 shares. The stock had previously closed at $25.63.

Wall Street Analysts Forecast Growth

ARLP has been the topic of a number of analyst reports. 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. Benchmark increased their price objective on Alliance Resource Partners from $25.00 to $26.00 and gave the company a "buy" rating in a report on Tuesday, July 30th.

Alliance Resource Partners Trading Down 0.5 %

The stock has a market cap of $3.27 billion, a price-to-earnings ratio of 5.58 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 fifty day moving average price is $24.35 and its 200-day moving average price is $23.86.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last posted its quarterly earnings results on Monday, July 29th. The energy company reported $0.77 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.93 by ($0.16). The company had revenue of $593.35 million during the quarter, compared to analysts' expectations of $624.72 million. Alliance Resource Partners had a return on equity of 27.54% and a net margin of 21.04%. During the same period in the prior year, the business posted $1.30 EPS. On average, research analysts expect that Alliance Resource Partners, L.P. will post 3.56 EPS for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 10.98%. Alliance Resource Partners's payout ratio is 61.27%.

Institutional Investors Weigh In On Alliance Resource Partners

Large investors have recently bought and sold shares of the company. Atlanta Consulting Group Advisors LLC purchased a new stake in shares of Alliance Resource Partners in the 1st quarter valued at $23,567,000. Oppenheimer & Co. Inc. purchased a new stake in Alliance Resource Partners in the second quarter valued at $6,595,000. Magnolia Group LLC grew its position in Alliance Resource Partners by 7.1% during the 1st 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 period. Prevail Innovative Wealth Advisors LLC purchased a new position in shares of Alliance Resource Partners during the 1st quarter valued at about $3,566,000. Finally, Progeny 3 Inc. lifted its holdings in shares of Alliance Resource Partners by 5.1% in the 1st quarter. Progeny 3 Inc. now owns 2,732,061 shares of the energy company's stock valued at $54,778,000 after buying an additional 132,630 shares during the period. Hedge funds and other institutional investors own 18.11% 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.