Alliance Resource Partners (NASDAQ:ARLP) Releases Earnings Results, Misses Estimates By $0.03 EPS

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

Alliance Resource Partners Stock Down 2.3 %

Shares of NASDAQ:ARLP traded down $0.62 during trading on Wednesday, hitting $26.45. The stock had a trading volume of 447,981 shares, compared to its average volume of 366,474. Alliance Resource Partners has a 12 month low of $21.84 and a 12 month high of $30.56. The company has a market capitalization of $3.40 billion, a PE ratio of 9.58 and a beta of 0.62. The firm's fifty day moving average is $26.19 and its 200 day moving average is $26.55. The company has a quick ratio of 1.69, a current ratio of 2.36 and a debt-to-equity ratio of 0.24.

Alliance Resource Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 10.59%. The ex-dividend date is Thursday, May 8th. Alliance Resource Partners's dividend payout ratio (DPR) is currently 132.08%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ARLP. Benchmark reissued a "buy" rating and set a $29.00 target price on shares of Alliance Resource Partners in a research note on Tuesday. StockNews.com lowered shares of Alliance Resource Partners from a "buy" rating to a "hold" rating in a report on Saturday.

Insider Transactions at Alliance Resource Partners

In related news, SVP Timothy J. Whelan sold 50,000 shares of the firm'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 transaction of $1,256,500.00. Following the completion of the transaction, the senior vice president now owns 93,850 shares of the company's stock, valued at $2,358,450.50. This trade represents a 34.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 16.80% 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.