Alliance Resource Partners (NASDAQ:ARLP) Issues Earnings Results

Alliance Resource Partners (NASDAQ:ARLP) released its quarterly earnings results on Monday. The energy company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.38), Zacks reports. Alliance Resource Partners had a return on equity of 23.74% and a net margin of 18.52%.

Alliance Resource Partners Stock Up 1.1 %

ARLP stock opened at $28.70 on Monday. The company’s 50 day moving average price is $27.01 and its 200 day moving average price is $25.58. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 8.15 and a beta of 1.16. Alliance Resource Partners has a fifty-two week low of $18.32 and a fifty-two week high of $30.56. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 2.36.

Alliance Resource Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 9.76%. The ex-dividend date is Friday, February 7th. Alliance Resource Partners’s payout ratio is presently 79.55%.

Insider Buying and Selling

In other Alliance Resource Partners news, SVP Timothy J. Whelan sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $28.00, for a total transaction of $280,000.00. Following the sale, the senior vice president now owns 157,946 shares of the company’s stock, valued at approximately $4,422,488. This trade represents a 5.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 16.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ARLP. StockNews.com lowered shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. Benchmark increased their target price on shares of Alliance Resource Partners from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Finally, Singular Research downgraded shares of Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, December 2nd.

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.