Alliance Resource Partners (NASDAQ:ARLP) Cut to Moderate Buy at Singular Research

Singular Research lowered shares of Alliance Resource Partners (NASDAQ:ARLP) from a strong-buy rating to a moderate buy rating in a research report sent to investors on Monday,Zacks.com reports. Singular Research also issued estimates for Alliance Resource Partners’ Q4 2024 earnings at $0.59 EPS, FY2024 earnings at $3.18 EPS, Q1 2025 earnings at $0.88 EPS, Q2 2025 earnings at $0.52 EPS, Q3 2025 earnings at $0.55 EPS, Q4 2025 earnings at $0.73 EPS and FY2025 earnings at $2.68 EPS.

A number of other research analysts also recently weighed in on the company. Benchmark raised their price target on Alliance Resource Partners from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. StockNews.com downgraded Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th.

Alliance Resource Partners Stock Down 2.1 %

Shares of Alliance Resource Partners stock opened at $27.02 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 2.36. The business’s 50 day simple moving average is $26.14 and its 200 day simple moving average is $24.78. The firm has a market cap of $3.46 billion, a PE ratio of 7.84 and a beta of 1.16. Alliance Resource Partners has a 52-week low of $18.32 and a 52-week high of $29.44.

Alliance Resource Partners (NASDAQ:ARLP) last posted its quarterly earnings results on Monday, October 28th. The energy company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.16). The company had revenue of $613.57 million during the quarter, compared to the consensus estimate 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 business earned $1.18 earnings per share. On average, analysts predict that Alliance Resource Partners will post 3.2 earnings per share for the current fiscal year.

Alliance Resource Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders 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 annualized dividend and a dividend yield of 10.36%. Alliance Resource Partners’s dividend payout ratio is currently 79.55%.

Insider Transactions at Alliance Resource Partners

In related news, SVP Timothy J. Whelan sold 10,000 shares of the business’s stock in a transaction 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 completion of the sale, the senior vice president now directly owns 157,946 shares in the company, valued at $4,422,488. The trade was a 5.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 16.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Alliance Resource Partners

Several institutional investors have recently added to or reduced their stakes in ARLP. Continuum Advisory LLC bought a new stake in Alliance Resource Partners in the 2nd quarter valued at $27,000. Beacon Capital Management LLC boosted its stake in Alliance Resource Partners by 135.8% in the 2nd quarter. Beacon Capital Management LLC now owns 1,462 shares of the energy company’s stock valued at $36,000 after purchasing an additional 842 shares during the period. Cove Street Capital LLC bought a new stake in Alliance Resource Partners in the 2nd quarter valued at $49,000. Mather Group LLC. acquired a new position in Alliance Resource Partners in the 2nd quarter valued at $51,000. Finally, Eastern Bank acquired a new position in Alliance Resource Partners in the 3rd quarter valued at $72,000. 18.11% of the stock is currently owned by institutional investors.

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.