Alliance Resource Partners (NASDAQ:ARLP) Posts Quarterly Earnings Results, Misses Estimates By $0.38 EPS

Alliance Resource Partners (NASDAQ:ARLP) issued its earnings results on Monday. The energy company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.38), Zacks reports. Alliance Resource Partners had a return on equity of 23.74% and a net margin of 18.52%.

Alliance Resource Partners Stock Up 1.4 %

Shares of NASDAQ ARLP opened at $27.98 on Wednesday. The company’s 50-day simple moving average is $26.98 and its 200-day simple moving average is $25.61. Alliance Resource Partners has a 52-week low of $18.32 and a 52-week high of $30.56. The firm has a market cap of $3.58 billion, a price-to-earnings ratio of 7.95 and a beta of 1.16. 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 company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $2.80 annualized dividend and a yield of 10.01%. Alliance Resource Partners’s dividend payout ratio is presently 79.55%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ARLP shares. StockNews.com lowered shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. Benchmark restated a “buy” rating and set a $29.00 price target (up previously from $27.00) on shares of Alliance Resource Partners in a research report on Tuesday. Finally, Singular Research lowered shares of Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, December 2nd.

Insider Activity

In other news, SVP Timothy J. Whelan sold 10,000 shares of Alliance Resource Partners stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $28.00, for a total value of $280,000.00. Following the sale, the senior vice president now owns 157,946 shares in the company, valued at $4,422,488. This trade represents a 5.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company 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.