Alliance Resource Partners (NASDAQ:ARLP) Stock Rating Reaffirmed by Benchmark

Benchmark reiterated their buy rating on shares of Alliance Resource Partners (NASDAQ:ARLP - Free Report) in a research report sent to investors on Tuesday, Benzinga reports. The firm currently has a $25.00 price target on the energy company's stock.

Separately, StockNews.com cut Alliance Resource Partners from a strong-buy rating to a buy rating in a report on Tuesday, February 6th.

Alliance Resource Partners Trading Up 1.0 %

Shares of NASDAQ:ARLP traded up $0.22 during trading on Tuesday, reaching $22.43. The stock had a trading volume of 532,952 shares, compared to its average volume of 460,763. Alliance Resource Partners has a fifty-two week low of $17.05 and a fifty-two week high of $24.30. The business has a fifty day moving average price of $20.13 and a 200-day moving average price of $20.92. The stock has a market cap of $2.87 billion, a P/E ratio of 4.66 and a beta of 1.14. The company has a quick ratio of 1.71, a current ratio of 2.27 and a debt-to-equity ratio of 0.18.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last issued its quarterly earnings results on Monday, April 29th. The energy company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.28. Alliance Resource Partners had a return on equity of 34.90% and a net margin of 24.50%. The company had revenue of $651.70 million during the quarter, compared to the consensus estimate of $625.32 million. During the same period in the previous year, the firm posted $1.45 EPS. As a group, analysts anticipate that Alliance Resource Partners will post 4.05 earnings per share for the current fiscal year.

Alliance Resource Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 8th will be issued a $0.70 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $2.80 annualized dividend and a yield of 12.48%. Alliance Resource Partners's payout ratio is 58.21%.

Institutional Trading of Alliance Resource Partners

Several large investors have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. lifted its holdings in Alliance Resource Partners by 23.2% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 348,187 shares of the energy company's stock worth $7,375,000 after buying an additional 65,611 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in Alliance Resource Partners during the 3rd quarter worth approximately $1,674,000. Crescent Grove Advisors LLC raised its position in shares of Alliance Resource Partners by 87.6% in the 4th quarter. Crescent Grove Advisors LLC now owns 169,498 shares of the energy company's stock valued at $3,590,000 after purchasing an additional 79,155 shares in the last quarter. Alps Advisors Inc. acquired a new stake in shares of Alliance Resource Partners during the third quarter worth approximately $383,000. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of Alliance Resource Partners in the third quarter worth $2,044,000. 18.11% of the stock is currently owned by institutional investors and hedge funds.

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.