Alliance Resource Partners (NASDAQ:ARLP) Cut to “Buy” at StockNews.com

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

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

Alliance Resource Partners Price Performance

Alliance Resource Partners stock opened at $26.79 on Friday. The company has a current ratio of 2.36, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $3.43 billion, a P/E ratio of 7.61 and a beta of 1.14. The business has a 50-day moving average of $25.11 and a 200-day moving average of $24.35. 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 issued its quarterly earnings data on Monday, October 28th. The energy company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.16). The firm had revenue of $613.57 million for the quarter, compared to analyst estimates of $646.17 million. Alliance Resource Partners had a net margin of 18.52% and a return on equity of 23.74%. During the same quarter in the prior year, the firm posted $1.18 EPS. On average, equities analysts anticipate that Alliance Resource Partners will post 3.2 EPS for the current year.

Alliance Resource Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were paid a dividend of $0.70 per share. 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 payout ratio is 79.55%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ARLP. Continuum Advisory LLC acquired a new stake in shares of Alliance Resource Partners during the second quarter worth $27,000. Beacon Capital Management LLC grew its holdings in shares of Alliance Resource Partners by 135.8% during the second quarter. Beacon Capital Management LLC now owns 1,462 shares of the energy company’s stock worth $36,000 after buying an additional 842 shares in the last quarter. Cove Street Capital LLC acquired a new stake in Alliance Resource Partners in the 2nd quarter valued at approximately $49,000. Mather Group LLC. bought a new stake in Alliance Resource Partners in the 2nd quarter valued at approximately $51,000. Finally, Pathway Financial Advisers LLC bought a new stake in Alliance Resource Partners in the 1st quarter valued at approximately $54,000. Institutional investors own 18.11% of the company’s stock.

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.