Alliance Resource Partners (NASDAQ:ARLP) Rating Lowered to Sell at BidaskClub

BidaskClub cut shares of Alliance Resource Partners (NASDAQ:ARLP) from a hold rating to a sell rating in a research report sent to investors on Saturday morning, BidAskClub reports.

Other equities research analysts have also issued research reports about the company. B. Riley lowered Alliance Resource Partners from a buy rating to a neutral rating and cut their target price for the stock from $22.00 to $20.00 in a research report on Wednesday, July 17th. ValuEngine raised Alliance Resource Partners from a sell rating to a hold rating in a research report on Thursday, August 1st. Clarkson Capital assumed coverage on Alliance Resource Partners in a research report on Tuesday, July 9th. They set a buy rating and a $20.00 price target on the stock. Seaport Global Securities lowered Alliance Resource Partners from a buy rating to a neutral rating in a research report on Monday, July 29th. Finally, Zacks Investment Research lowered Alliance Resource Partners from a hold rating to a strong sell rating in a research report on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $20.33.

Shares of NASDAQ ARLP opened at $14.96 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.02 and a debt-to-equity ratio of 0.35. Alliance Resource Partners has a fifty-two week low of $14.56 and a fifty-two week high of $20.99. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 6.13 and a beta of 0.95. The stock’s 50-day simple moving average is $17.08.



Alliance Resource Partners (NASDAQ:ARLP) last issued its earnings results on Friday, July 26th. The energy company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.21). Alliance Resource Partners had a return on equity of 27.63% and a net margin of 22.14%. The business had revenue of $517.10 million for the quarter, compared to analyst estimates of $531.10 million. During the same period last year, the business posted $0.64 EPS. Alliance Resource Partners’s revenue was up .2% on a year-over-year basis. On average, sell-side analysts forecast that Alliance Resource Partners will post 2.51 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Wednesday, August 7th will be given a dividend of $0.54 per share. This is a positive change from Alliance Resource Partners’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Tuesday, August 6th. This represents a $2.16 annualized dividend and a yield of 14.44%. Alliance Resource Partners’s payout ratio is 88.52%.

In other Alliance Resource Partners news, Director Robert J. Druten sold 12,000 shares of Alliance Resource Partners stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $17.13, for a total transaction of $205,560.00. Following the transaction, the director now owns 25,628 shares of the company’s stock, valued at $439,007.64. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 44.03% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Magnolia Group LLC increased its position in Alliance Resource Partners by 18.9% during the second quarter. Magnolia Group LLC now owns 3,094,092 shares of the energy company’s stock worth $52,538,000 after buying an additional 490,984 shares during the period. Foundry Partners LLC grew its stake in shares of Alliance Resource Partners by 11.0% in the 2nd quarter. Foundry Partners LLC now owns 389,237 shares of the energy company’s stock valued at $6,609,000 after purchasing an additional 38,480 shares during the last quarter. Hartz Capital Inc. purchased a new position in shares of Alliance Resource Partners in the 1st quarter valued at approximately $7,919,000. Adams Asset Advisors LLC grew its stake in shares of Alliance Resource Partners by 0.8% in the 2nd quarter. Adams Asset Advisors LLC now owns 368,593 shares of the energy company’s stock valued at $6,258,000 after purchasing an additional 3,072 shares during the last quarter. Finally, Bank of Montreal Can grew its stake in shares of Alliance Resource Partners by 150.3% in the 1st quarter. Bank of Montreal Can now owns 270,423 shares of the energy company’s stock valued at $5,506,000 after purchasing an additional 162,365 shares during the last quarter. 24.32% of the stock is currently owned by institutional investors.

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.

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