Alliance Resource Partners (NASDAQ:ARLP) Stock Price Down 4.4% - What's Next?

Key Points

• Alliance Resource Partners' shares decreased by 4.4% to $23.41, following a decline from a previous closing price of $24.48.
• Wall Street analysts have upgraded the stock from a "hold" to a "buy" rating, with a target price of $29.00 according to Benchmark.
• The company reported $0.55 EPS for the last quarter, falling short of analyst expectations of $0.61, and its revenue was also below forecasts at $547.46 million.

Alliance Resource Partners, L.P. (NASDAQ:ARLP - Get Free Report)'s share price fell 4.4% during trading on Monday . The stock traded as low as $23.45 and last traded at $23.41. 475,545 shares traded hands during mid-day trading, an increase of 29% from the average session volume of 368,985 shares. The stock had previously closed at $24.48.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ARLP shares. Benchmark reiterated a "buy" rating and issued a $29.00 price target on shares of Alliance Resource Partners in a research note on Tuesday, April 29th. Wall Street Zen upgraded Alliance Resource Partners from a "hold" rating to a "buy" rating in a research note on Sunday, May 4th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $29.00.

Alliance Resource Partners Stock Up 1.3%

The firm has a 50 day simple moving average of $26.07 and a two-hundred day simple moving average of $26.20. The company has a quick ratio of 1.37, a current ratio of 1.96 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $3.01 billion, a P/E ratio of 12.97 and a beta of 0.56.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last released its earnings results on Monday, July 28th. The energy company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.06). Alliance Resource Partners had a return on equity of 14.27% and a net margin of 10.30%.The business had revenue of $547.46 million for the quarter, compared to the consensus estimate of $583.57 million. On average, equities research analysts expect that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current year.

Alliance Resource Partners Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th were paid a dividend of $0.60 per share. The ex-dividend date was Thursday, August 7th. This represents a $2.40 annualized dividend and a yield of 10.2%. Alliance Resource Partners's dividend payout ratio is presently 132.60%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ARLP. Geode Capital Management LLC lifted its stake in shares of Alliance Resource Partners by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 120,294 shares of the energy company's stock valued at $3,163,000 after acquiring an additional 1,200 shares during the last quarter. Mariner LLC lifted its stake in shares of Alliance Resource Partners by 48.1% in the 4th quarter. Mariner LLC now owns 15,701 shares of the energy company's stock valued at $413,000 after acquiring an additional 5,100 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Alliance Resource Partners in the 4th quarter valued at $238,000. Tower Research Capital LLC TRC lifted its stake in shares of Alliance Resource Partners by 223.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,406 shares of the energy company's stock valued at $90,000 after acquiring an additional 2,353 shares during the last quarter. Finally, IHT Wealth Management LLC bought a new position in shares of Alliance Resource Partners in the 4th quarter valued at $293,000. 18.11% of the stock is currently owned by institutional investors.

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.