Alliance Resource Partners, L.P. (NASDAQ:ARLP) Given Consensus Rating of “Hold” by Brokerages

Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) have been assigned an average rating of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $20.00.

Several research firms have recently commented on ARLP. B. Riley lowered shares of Alliance Resource Partners from a “buy” rating to a “neutral” rating and reduced their price target for the company from $22.00 to $20.00 in a research report on Wednesday, July 17th. Clarkson Capital assumed coverage on shares of Alliance Resource Partners in a report on Tuesday, July 9th. They set a “buy” rating and a $20.00 price target for the company. Seaport Global Securities cut shares of Alliance Resource Partners from a “buy” rating to a “neutral” rating in a report on Monday, July 29th. ValuEngine raised shares of Alliance Resource Partners from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Finally, BidaskClub cut shares of Alliance Resource Partners from a “hold” rating to a “sell” rating in a report on Saturday, August 10th.

ARLP stock traded up $0.30 during midday trading on Friday, reaching $14.79. 16,000 shares of the company traded hands, compared to its average volume of 520,743. Alliance Resource Partners has a 52-week low of $14.41 and a 52-week high of $20.99. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.76 and a current ratio of 1.02. The business has a 50 day moving average of $16.99 and a 200-day moving average of $18.35. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 6.07 and a beta of 0.95.



Alliance Resource Partners (NASDAQ:ARLP) last issued its earnings results on Friday, July 26th. The energy company reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ 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 firm had revenue of $517.10 million during the quarter, compared to analysts’ expectations of $531.10 million. During the same quarter last year, the business earned $0.64 EPS. The business’s revenue was up .2% on a year-over-year basis. Research analysts anticipate that Alliance Resource Partners will post 2.51 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, August 7th were issued a dividend of $0.54 per share. This is a boost from Alliance Resource Partners’s previous quarterly dividend of $0.54. This represents a $2.16 annualized dividend and a yield of 14.60%. The ex-dividend date of this dividend was Tuesday, August 6th. Alliance Resource Partners’s dividend payout ratio is currently 88.52%.

In other Alliance Resource Partners news, Director Robert J. Druten sold 12,000 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $17.13, for a total value of $205,560.00. Following the completion of the transaction, the director now directly owns 25,628 shares of the company’s stock, valued at $439,007.64. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Wilson M. Torrence bought 5,600 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was bought at an average cost of $15.42 per share, with a total value of $86,352.00. Following the completion of the acquisition, the director now owns 39,096 shares of the company’s stock, valued at approximately $602,860.32. The disclosure for this purchase can be found here. Corporate insiders own 44.03% of the company’s stock.

A number of institutional investors have recently modified their holdings of ARLP. Chicago Partners Investment Group LLC increased its position in shares of Alliance Resource Partners by 2.3% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 25,770 shares of the energy company’s stock worth $440,000 after purchasing an additional 582 shares during the last quarter. Advantage Investment Management LLC raised its stake in Alliance Resource Partners by 5.5% during the 2nd quarter. Advantage Investment Management LLC now owns 14,386 shares of the energy company’s stock valued at $244,000 after purchasing an additional 744 shares during the last quarter. Jackson Hole Capital Partners LLC raised its stake in Alliance Resource Partners by 0.8% during the 1st quarter. Jackson Hole Capital Partners LLC now owns 97,066 shares of the energy company’s stock valued at $1,976,000 after purchasing an additional 772 shares during the last quarter. Pinnacle Financial Partners Inc. raised its stake in Alliance Resource Partners by 9.2% during the 2nd quarter. Pinnacle Financial Partners Inc. now owns 17,548 shares of the energy company’s stock valued at $298,000 after purchasing an additional 1,478 shares during the last quarter. Finally, CoreCommodity Management LLC raised its stake in Alliance Resource Partners by 5.7% during the 2nd quarter. CoreCommodity Management LLC now owns 28,358 shares of the energy company’s stock valued at $482,000 after purchasing an additional 1,541 shares during the last quarter. 24.32% of the stock is owned by institutional investors.

About Alliance Resource Partners

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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