Alliance Resource Partners (NASDAQ:ARLP) Lowered to Buy Rating by StockNews.com

StockNews.com downgraded shares of Alliance Resource Partners (NASDAQ:ARLP) from a strong-buy rating to a buy rating in a research report report published on Friday morning.

Separately, Benchmark increased their price objective on shares of Alliance Resource Partners from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th.

Alliance Resource Partners Price Performance

Shares of Alliance Resource Partners stock traded down $0.27 during trading hours on Friday, reaching $26.79. 423,544 shares of the company’s stock were exchanged, compared to its average volume of 385,924. The business has a fifty day moving average of $25.11 and a two-hundred day moving average of $24.32. The company has a quick ratio of 1.69, a current ratio of 2.36 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $3.43 billion, a P/E ratio of 7.61 and a beta of 1.14. Alliance Resource Partners has a 1 year low of $18.32 and a 1 year high of $27.80.

Alliance Resource Partners (NASDAQ:ARLP) last announced its quarterly earnings data on Monday, October 28th. The energy company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.16). Alliance Resource Partners had a return on equity of 23.74% and a net margin of 18.52%. The company had revenue of $613.57 million for the quarter, compared to analysts’ expectations of $646.17 million. During the same quarter in the previous year, the business posted $1.18 EPS. As a group, research analysts predict that Alliance Resource Partners will post 3.2 earnings per share for the current fiscal year.

Alliance Resource Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were paid a $0.70 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $2.80 dividend on an annualized basis and a yield of 10.45%. Alliance Resource Partners’s dividend payout ratio is currently 79.55%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Recurrent Investment Advisors LLC boosted its position in shares of Alliance Resource Partners by 6.2% in the 3rd quarter. Recurrent Investment Advisors LLC now owns 1,145,145 shares of the energy company’s stock valued at $28,629,000 after purchasing an additional 66,761 shares during the period. NFC Investments LLC boosted its stake in Alliance Resource Partners by 2.5% during the 3rd quarter. NFC Investments LLC now owns 69,800 shares of the energy company’s stock worth $1,745,000 after purchasing an additional 1,700 shares during the period. Integrated Wealth Concepts LLC purchased a new position in Alliance Resource Partners during the 3rd quarter worth $206,000. Progeny 3 Inc. increased its stake in Alliance Resource Partners by 3.4% in the third quarter. Progeny 3 Inc. now owns 2,904,181 shares of the energy company’s stock valued at $72,605,000 after purchasing an additional 96,780 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in shares of Alliance Resource Partners by 48.4% in the third quarter. BNP Paribas Financial Markets now owns 22,446 shares of the energy company’s stock valued at $561,000 after buying an additional 7,321 shares during the last quarter. 18.11% of the stock is owned by institutional investors and hedge funds.

About Alliance Resource Partners

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.