Alliance Resource Partners (NASDAQ:ARLP) Rating Lowered to “Buy” at StockNews.com

StockNews.com lowered shares of Alliance Resource Partners (NASDAQ:ARLP) from a strong-buy rating to a buy rating in a research report report published on Friday morning.

Separately, Benchmark lifted their target price on shares of Alliance Resource Partners from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th.

Alliance Resource Partners Price Performance

Shares of ARLP traded down $0.27 during trading hours on Friday, reaching $26.79. The company had a trading volume of 423,544 shares, compared to its average volume of 385,924. The company has a current ratio of 2.36, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Alliance Resource Partners has a 12-month low of $18.32 and a 12-month high of $27.80. The firm has a 50 day simple moving average of $25.11 and a 200-day simple moving average of $24.32. The company has a market capitalization of $3.43 billion, a price-to-earnings ratio of 7.61 and a beta of 1.14.

Alliance Resource Partners (NASDAQ:ARLP) last posted its earnings results on Monday, October 28th. The energy company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.16). Alliance Resource Partners had a return on equity of 23.74% and a net margin of 18.52%. The firm had revenue of $613.57 million for the quarter, compared to analysts’ expectations of $646.17 million. During the same quarter in the previous year, the firm posted $1.18 earnings per share. Research analysts expect that Alliance Resource Partners will post 3.2 earnings per share for the current year.

Alliance Resource Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were given a $0.70 dividend. The ex-dividend date was Thursday, November 7th. This represents a $2.80 annualized dividend and a dividend yield of 10.45%. Alliance Resource Partners’s dividend payout ratio is presently 79.55%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ARLP. Pekin Hardy Strauss Inc. boosted its position in Alliance Resource Partners by 0.9% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 46,905 shares of the energy company’s stock worth $1,173,000 after purchasing an additional 400 shares during the period. AlphaCore Capital LLC raised its holdings in shares of Alliance Resource Partners by 3.0% during the 3rd quarter. AlphaCore Capital LLC now owns 17,203 shares of the energy company’s stock valued at $430,000 after buying an additional 503 shares during the period. BCS Wealth Management boosted its holdings in Alliance Resource Partners by 3.0% in the 2nd quarter. BCS Wealth Management now owns 18,439 shares of the energy company’s stock worth $451,000 after acquiring an additional 536 shares during the period. Andina Capital Management LLC grew its position in Alliance Resource Partners by 3.9% in the second quarter. Andina Capital Management LLC now owns 14,426 shares of the energy company’s stock valued at $353,000 after acquiring an additional 537 shares in the last quarter. Finally, J.W. Cole Advisors Inc. raised its stake in shares of Alliance Resource Partners by 3.8% during the third quarter. J.W. Cole Advisors Inc. now owns 21,746 shares of the energy company’s stock valued at $544,000 after purchasing an additional 797 shares during the period. 18.11% of the stock is owned by hedge funds and other 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.