Singular Research Forecasts ARLP FY2024 Earnings

Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) - Analysts at Singular Research issued their FY2024 earnings estimates for shares of Alliance Resource Partners in a research note issued on Monday, December 2nd. Singular Research analyst D. Marsh forecasts that the energy company will post earnings of $3.18 per share for the year. Singular Research currently has a "Moderate Buy" rating on the stock. The consensus estimate for Alliance Resource Partners' current full-year earnings is $3.20 per share. Singular Research also issued estimates for Alliance Resource Partners' Q1 2025 earnings at $0.88 EPS, Q2 2025 earnings at $0.52 EPS and FY2025 earnings at $2.68 EPS.

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 for the quarter, missing the consensus estimate of $0.82 by ($0.16). The company had revenue of $613.57 million for the quarter, compared to analysts' expectations of $646.17 million. Alliance Resource Partners had a return on equity of 23.74% and a net margin of 18.52%. During the same period in the prior year, the firm posted $1.18 EPS.

A number of other analysts also recently issued reports on the stock. Benchmark increased their price target on shares of Alliance Resource Partners from $26.00 to $27.00 and gave the stock a "buy" rating in a report on Tuesday, October 29th. StockNews.com cut shares of Alliance Resource Partners from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 15th.

Alliance Resource Partners Stock Performance

NASDAQ:ARLP traded down $0.59 during trading hours on Wednesday, hitting $27.02. 336,889 shares of the company were exchanged, compared to its average volume of 383,922. The company's 50 day moving average price is $26.14 and its 200-day moving average price is $24.78. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 7.84 and a beta of 1.16. 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 $29.44.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ARLP. Atlanta Consulting Group Advisors LLC purchased a new position in Alliance Resource Partners during the third quarter worth about $29,144,000. Oppenheimer & Co. Inc. purchased a new position in shares of Alliance Resource Partners in the second quarter valued at approximately $6,595,000. Progeny 3 Inc. boosted its stake in shares of Alliance Resource Partners by 3.4% in the third quarter. Progeny 3 Inc. now owns 2,904,181 shares of the energy company's stock valued at $72,605,000 after purchasing an additional 96,780 shares during the period. Recurrent Investment Advisors LLC boosted its stake in shares of Alliance Resource Partners by 6.2% in the third quarter. Recurrent Investment Advisors LLC now owns 1,145,145 shares of the energy company's stock valued at $28,629,000 after purchasing an additional 66,761 shares during the period. Finally, Pathway Financial Advisers LLC boosted its stake in shares of Alliance Resource Partners by 2,400.0% in the third quarter. Pathway Financial Advisers LLC now owns 67,675 shares of the energy company's stock valued at $1,692,000 after purchasing an additional 64,968 shares during the period. Hedge funds and other institutional investors own 18.11% of the company's stock.

Insider Buying and Selling

In related news, SVP Timothy J. Whelan sold 10,000 shares of the firm's stock in a transaction dated 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. This trade represents a 5.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 16.80% of the stock is owned by company insiders.

Alliance Resource Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 10.36%. The ex-dividend date was Thursday, November 7th. Alliance Resource Partners's payout ratio is currently 79.55%.

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.