Alliance Resource Partners (NASDAQ:ARLP) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Alliance Resource Partners, L.P. (NASDAQ:ARLP) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $25.08 and traded as high as $26.45. Alliance Resource Partners shares last traded at $26.29, with a volume of 441,168 shares trading hands.

Wall Street Analysts Forecast Growth

ARLP has been the subject of several research reports. StockNews.com lowered Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. Singular Research downgraded shares of Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, December 2nd. Finally, 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.

Alliance Resource Partners Price Performance

The company has a debt-to-equity ratio of 0.24, a current ratio of 2.36 and a quick ratio of 1.69. The company has a fifty day moving average price of $26.50 and a 200 day moving average price of $25.08. The company has a market capitalization of $3.37 billion, a P/E ratio of 7.47 and a beta of 1.16.

Alliance Resource Partners (NASDAQ:ARLP) last issued 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 the consensus estimate of $646.17 million. During the same quarter in the previous year, the company earned $1.18 earnings per share. On average, sell-side analysts forecast that Alliance Resource Partners, L.P. will post 3.19 EPS for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were issued 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 dividend yield of 10.65%. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 79.55%.

Insider Buying and Selling at Alliance Resource Partners

In related news, SVP Timothy J. Whelan sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $28.00, for a total value of $280,000.00. Following the sale, the senior vice president now directly owns 157,946 shares in the company, valued at $4,422,488. This trade represents a 5.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 16.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Concurrent Investment Advisors LLC acquired a new position in shares of Alliance Resource Partners during the second quarter valued at $339,000. Commonwealth Equity Services LLC raised its position in shares of Alliance Resource Partners by 6.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 56,969 shares of the energy company’s stock worth $1,393,000 after buying an additional 3,612 shares in the last quarter. Autumn Glory Partners LLC lifted its stake in shares of Alliance Resource Partners by 20.8% in the 2nd quarter. Autumn Glory Partners LLC now owns 52,300 shares of the energy company’s stock worth $1,279,000 after acquiring an additional 9,000 shares during the period. Founders Financial Securities LLC bought a new position in shares of Alliance Resource Partners in the second quarter valued at approximately $242,000. Finally, Fairbanks Capital Management Inc. increased its stake in shares of Alliance Resource Partners by 5.8% during the second quarter. Fairbanks Capital Management Inc. now owns 306,993 shares of the energy company’s stock valued at $7,509,000 after acquiring an additional 16,844 shares during the period. Institutional investors and hedge funds 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.