Alliance Resource Partners, L.P. (NASDAQ:ARLP - Get Free Report)'s stock price hit a new 52-week low on Wednesday . The company traded as low as $26.28 and last traded at $26.45, with a volume of 447872 shares traded. The stock had previously closed at $27.07.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the stock. StockNews.com lowered shares of Alliance Resource Partners from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. Benchmark reissued a "buy" rating and set a $29.00 target price on shares of Alliance Resource Partners in a report on Tuesday.
Read Our Latest Stock Report on Alliance Resource Partners
Alliance Resource Partners Trading Up 2.9 %
The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 2.36. The firm has a market cap of $3.49 billion, a P/E ratio of 9.84 and a beta of 0.62. The firm has a 50 day simple moving average of $26.21 and a 200 day simple moving average of $26.58.
Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The energy company reported $0.60 EPS for the quarter, missing analysts' consensus estimates of $0.63 by ($0.03). The firm had revenue of $540.47 million during the quarter, compared to the consensus estimate of $556.31 million. Alliance Resource Partners had a net margin of 14.74% and a return on equity of 19.09%. On average, equities research analysts predict that Alliance Resource Partners, L.P. will post 2.72 EPS for the current fiscal year.
Alliance Resource Partners Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 10.31%. Alliance Resource Partners's dividend payout ratio (DPR) is currently 132.08%.
Insider Transactions at Alliance Resource Partners
In related news, SVP Timothy J. Whelan sold 50,000 shares of the business's stock in a transaction dated 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 directly owns 93,850 shares in the company, valued at $2,358,450.50. The trade was a 34.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 16.80% of the company's stock.
Institutional Trading of Alliance Resource Partners
A number of large investors have recently modified their holdings of ARLP. Progeny 3 Inc. increased its position in shares of Alliance Resource Partners by 1.3% in the fourth quarter. Progeny 3 Inc. now owns 2,942,211 shares of the energy company's stock worth $77,351,000 after purchasing an additional 38,030 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Alliance Resource Partners by 2.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,815,453 shares of the energy company's stock worth $47,728,000 after buying an additional 44,636 shares during the last quarter. Recurrent Investment Advisors LLC increased its holdings in shares of Alliance Resource Partners by 0.5% in the 4th quarter. Recurrent Investment Advisors LLC now owns 1,151,070 shares of the energy company's stock worth $30,262,000 after buying an additional 5,925 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Alliance Resource Partners during the 4th quarter valued at $14,564,000. Finally, Huntleigh Advisors Inc. bought a new stake in shares of Alliance Resource Partners during the 1st quarter worth $14,190,000. Institutional investors own 18.11% of the company's stock.
About Alliance Resource Partners
(
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.
Read More
Before you consider Alliance Resource Partners, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alliance Resource Partners wasn't on the list.
While Alliance Resource Partners currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
