Alliance Resource Partners, L.P. (NASDAQ:ARLP - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $25.18 and traded as high as $25.95. Alliance Resource Partners shares last traded at $25.72, with a volume of 205,760 shares trading hands.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on ARLP shares. Benchmark reiterated a "buy" rating on shares of Alliance Resource Partners in a report on Tuesday, February 3rd. Wall Street Zen lowered Alliance Resource Partners from a "buy" rating to a "hold" rating in a report on Saturday, April 4th. Weiss Ratings lowered Alliance Resource Partners from a "buy (b-)" rating to a "hold (c)" rating in a report on Monday, March 16th. Finally, Zacks Research lowered Alliance Resource Partners from a "hold" rating to a "strong sell" rating in a report on Monday, January 5th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $29.50.
Read Our Latest Stock Analysis on Alliance Resource Partners
Alliance Resource Partners Stock Performance
The business has a fifty day simple moving average of $26.87 and a two-hundred day simple moving average of $25.18. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.10 and a quick ratio of 1.41. The company has a market cap of $3.31 billion, a PE ratio of 10.72 and a beta of 0.31.
Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last posted its earnings results on Monday, February 2nd. The energy company reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.14. The company had revenue of $535.51 million during the quarter, compared to analyst estimates of $556.82 million. Alliance Resource Partners had a return on equity of 18.41% and a net margin of 14.18%. Research analysts anticipate that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current year.
Alliance Resource Partners Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, February 6th were issued a dividend of $0.60 per share. The ex-dividend date was Friday, February 6th. This represents a $2.40 dividend on an annualized basis and a yield of 9.3%. Alliance Resource Partners's dividend payout ratio is currently 100.00%.
Hedge Funds Weigh In On Alliance Resource Partners
Large investors have recently made changes to their positions in the business. Sound Income Strategies LLC acquired a new position in shares of Alliance Resource Partners during the fourth quarter worth $36,000. IFC & Insurance Marketing Inc. acquired a new position in shares of Alliance Resource Partners during the fourth quarter worth $35,000. Smartleaf Asset Management LLC acquired a new position in shares of Alliance Resource Partners during the fourth quarter worth $35,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Alliance Resource Partners by 135.0% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,523 shares of the energy company's stock worth $39,000 after purchasing an additional 875 shares in the last quarter. Finally, Triumph Capital Management acquired a new position in shares of Alliance Resource Partners during the third quarter worth $46,000. 18.11% of the stock is owned by institutional investors and hedge funds.
About Alliance Resource Partners
(
Get Free Report)
Alliance Resource Partners, L.P. NASDAQ: ARLP is a Tulsa, Oklahoma–based master limited partnership engaged in the production, marketing and transportation of bituminous coal. Through its subsidiaries, the company develops, owns and operates surface and underground coal mines, providing fuel primarily for electric power generation and various industrial applications. Alliance's integrated business model covers the extraction of raw coal, processing at preparation plants and delivery to domestic and export customers.
The partnership operates multiple mining complexes across Illinois, Indiana, Kentucky and West Virginia.
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