Alliance Resource Partners (NASDAQ:ARLP) Hits New 1-Year Low at $9.34

Alliance Resource Partners, L.P. (NASDAQ:ARLP) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $9.34 and last traded at $9.42, with a volume of 12873 shares changing hands. The stock had previously closed at $9.93.

ARLP has been the topic of a number of research reports. BidaskClub lowered Alliance Resource Partners from a “hold” rating to a “sell” rating in a report on Friday. B. Riley set a $20.00 price objective on Alliance Resource Partners and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, Zacks Investment Research lowered Alliance Resource Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, December 31st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. Alliance Resource Partners currently has a consensus rating of “Hold” and a consensus target price of $20.75.

The stock’s 50-day moving average price is $10.88 and its 200 day moving average price is $14.58. The firm has a market cap of $1.27 billion, a P/E ratio of 2.91 and a beta of 0.86. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.10 and a quick ratio of 0.73.

Alliance Resource Partners (NASDAQ:ARLP) last released its earnings results on Monday, January 27th. The energy company reported $0.20 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.20. Alliance Resource Partners had a net margin of 20.80% and a return on equity of 25.40%. The business had revenue of $453.30 million during the quarter, compared to the consensus estimate of $463.00 million. During the same quarter last year, the firm earned $0.63 earnings per share. The firm’s revenue for the quarter was down 14.8% compared to the same quarter last year. As a group, analysts forecast that Alliance Resource Partners, L.P. will post 2.12 EPS for the current fiscal year.

In other Alliance Resource Partners news, CAO Robert J. Fouch acquired 5,000 shares of Alliance Resource Partners stock in a transaction dated Wednesday, October 30th. The stock was bought at an average cost of $10.95 per share, for a total transaction of $54,750.00. Following the purchase, the chief accounting officer now directly owns 55,137 shares in the company, valued at approximately $603,750.15. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 44.03% of the company’s stock.

Several large investors have recently added to or reduced their stakes in ARLP. TCI Wealth Advisors Inc. bought a new stake in Alliance Resource Partners in the 3rd quarter valued at $81,000. Moors & Cabot Inc. acquired a new stake in shares of Alliance Resource Partners during the 3rd quarter worth $160,000. CWM Advisors LLC grew its holdings in shares of Alliance Resource Partners by 36.3% during the 4th quarter. CWM Advisors LLC now owns 16,254 shares of the energy company’s stock worth $176,000 after purchasing an additional 4,326 shares in the last quarter. Moody National Bank Trust Division acquired a new stake in shares of Alliance Resource Partners during the 3rd quarter worth $209,000. Finally, Advantage Investment Management LLC increased its position in shares of Alliance Resource Partners by 6.9% in the third quarter. Advantage Investment Management LLC now owns 15,375 shares of the energy company’s stock worth $246,000 after purchasing an additional 989 shares during the period. 21.72% of the stock is currently owned by institutional investors and hedge funds.

About Alliance Resource Partners (NASDAQ:ARLP)

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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