Alliance Resource Partners (NASDAQ:ARLP) Issues Earnings Results

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) announced its quarterly earnings results on Monday. The energy company reported $0.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.63 by ($0.03), Zacks reports. Alliance Resource Partners had a net margin of 14.74% and a return on equity of 19.09%. The business had revenue of $540.47 million during the quarter, compared to analyst estimates of $556.31 million.

Alliance Resource Partners Stock Performance

NASDAQ:ARLP traded up $0.76 during trading hours on Friday, reaching $27.16. 290,425 shares of the company's stock were exchanged, compared to its average volume of 365,018. The company has a quick ratio of 1.69, a current ratio of 2.36 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 9.84 and a beta of 0.62. Alliance Resource Partners has a 1-year low of $21.84 and a 1-year high of $30.56. The company has a 50-day moving average of $26.21 and a 200 day moving average of $26.57.

Alliance Resource Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 8th will be given a $0.70 dividend. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $2.80 annualized dividend and a yield of 10.31%. Alliance Resource Partners's dividend payout ratio (DPR) is 132.08%.

Insider Activity

In other news, SVP Timothy J. Whelan sold 50,000 shares of the business's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $25.13, for a total value of $1,256,500.00. Following the transaction, the senior vice president now owns 93,850 shares of the company's stock, valued at approximately $2,358,450.50. The trade was a 34.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 16.80% of the company's stock.

Analysts Set New Price Targets

ARLP has been the subject of several recent analyst reports. Benchmark restated a "buy" rating and set a $29.00 price objective on shares of Alliance Resource Partners in a research report on Tuesday. StockNews.com downgraded shares of Alliance Resource Partners from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th.

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.