Alliance Resource Partners (ARLP) Rating Increased to Hold at ValuEngine

ValuEngine upgraded shares of Alliance Resource Partners (NASDAQ:ARLP) from a sell rating to a hold rating in a research note published on Friday.

A number of other research firms have also recently issued reports on ARLP. BidaskClub upgraded Alliance Resource Partners from a sell rating to a hold rating in a report on Tuesday, October 2nd. Zacks Investment Research upgraded Alliance Resource Partners from a hold rating to a strong-buy rating and set a $23.00 price objective for the company in a report on Monday, October 15th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $24.50.

ARLP opened at $19.39 on Friday. Alliance Resource Partners has a 52-week low of $15.55 and a 52-week high of $21.90. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.15 and a quick ratio of 0.90. The firm has a market cap of $2.57 billion, a P/E ratio of 6.76 and a beta of 0.79.



Alliance Resource Partners (NASDAQ:ARLP) last posted its quarterly earnings data on Monday, October 29th. The energy company reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.18). Alliance Resource Partners had a net margin of 19.77% and a return on equity of 24.78%. The business had revenue of $497.80 million for the quarter, compared to analysts’ expectations of $506.23 million. During the same quarter in the previous year, the firm earned $0.52 EPS. Alliance Resource Partners’s revenue was up 9.8% compared to the same quarter last year. As a group, research analysts forecast that Alliance Resource Partners will post 2.72 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 14th. Shareholders of record on Wednesday, November 7th will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 10.83%. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 72.47%.

In other news, Director Nick Carter bought 2,219 shares of the firm’s stock in a transaction on Wednesday, August 8th. The stock was acquired at an average cost of $19.85 per share, with a total value of $44,047.15. Following the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $397,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 44.03% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Alps Advisors Inc. bought a new stake in Alliance Resource Partners during the 3rd quarter valued at $506,000. Whittier Trust Co. bought a new stake in Alliance Resource Partners during the 3rd quarter valued at $146,000. Cornerstone Wealth Management LLC raised its position in Alliance Resource Partners by 16.7% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 65,450 shares of the energy company’s stock valued at $3,400,000 after purchasing an additional 9,342 shares in the last quarter. Adams Asset Advisors LLC raised its position in Alliance Resource Partners by 2.4% during the 3rd quarter. Adams Asset Advisors LLC now owns 365,521 shares of the energy company’s stock valued at $7,456,000 after purchasing an additional 8,393 shares in the last quarter. Finally, Bank of Montreal Can raised its position in Alliance Resource Partners by 34.6% during the 3rd quarter. Bank of Montreal Can now owns 1,409,614 shares of the energy company’s stock valued at $28,756,000 after purchasing an additional 362,014 shares in the last quarter. 29.16% of the stock is owned by institutional investors and hedge funds.

Alliance Resource Partners Company Profile

Alliance Resource Partners, L.P. produces and markets coal primarily to utilities and industrial users in the United States. The company operates through two segments, Illinois Basin and Appalachia. It produces a range of steam and metallurgical coal with sulfur and heat contents. The company operates eight underground mining complexes in Illinois, Indiana, Kentucky, Maryland, and West Virginia.

Recommended Story: Stock Symbols and CUSIP Explained

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Alliance Resource Partners (NASDAQ:ARLP)

Receive News & Ratings for Alliance Resource Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliance Resource Partners and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply