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

by · The Cerbat Gem

Alliance Resource Partners, L.P. (NASDAQ:ARLPGet Free Report)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $25.29 and traded as high as $25.53. Alliance Resource Partners shares last traded at $25.32, with a volume of 360,967 shares trading hands.

Analyst Ratings Changes

Several brokerages have commented on ARLP. Weiss Ratings lowered shares of Alliance Resource Partners from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, March 16th. Wall Street Zen lowered shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Zacks Research upgraded shares of Alliance Resource Partners from a “strong sell” rating to a “hold” rating in a research report on Friday, April 24th. Finally, Benchmark restated a “buy” rating on shares of Alliance Resource Partners in a research report on Tuesday, February 3rd. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Alliance Resource Partners presently has a consensus rating of “Moderate Buy” and an average price target of $30.00.

Read Our Latest Research Report on ARLP

Alliance Resource Partners Trading Down 1.9%

The firm has a market cap of $3.20 billion, a PE ratio of 13.08 and a beta of 0.26. The company’s fifty day moving average price is $26.21 and its two-hundred day moving average price is $25.29. The company has a quick ratio of 0.95, a current ratio of 1.46 and a debt-to-equity ratio of 0.24.

Alliance Resource Partners (NASDAQ:ARLPGet Free Report) last issued its earnings results on Monday, April 27th. The energy company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.28). The firm had revenue of $516.02 million during the quarter, compared to analysts’ expectations of $518.24 million. Alliance Resource Partners had a net margin of 11.35% and a return on equity of 16.87%. As a group, sell-side analysts forecast that Alliance Resource Partners, L.P. will post 2.45 earnings per share for the current fiscal year.

Alliance Resource Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 8th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 9.7%. The ex-dividend date was Friday, May 8th. Alliance Resource Partners’s dividend payout ratio is 126.32%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jaffetilchin Investment Partners LLC lifted its stake in Alliance Resource Partners by 1.3% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 33,951 shares of the energy company’s stock worth $789,000 after purchasing an additional 442 shares during the last quarter. HUB Investment Partners LLC lifted its stake in Alliance Resource Partners by 4.0% during the second quarter. HUB Investment Partners LLC now owns 13,094 shares of the energy company’s stock worth $342,000 after purchasing an additional 499 shares during the last quarter. US Bancorp DE lifted its stake in Alliance Resource Partners by 28.5% during the third quarter. US Bancorp DE now owns 2,570 shares of the energy company’s stock worth $65,000 after purchasing an additional 570 shares during the last quarter. AlphaCore Capital LLC lifted its stake in Alliance Resource Partners by 2.4% during the third quarter. AlphaCore Capital LLC now owns 26,560 shares of the energy company’s stock worth $672,000 after purchasing an additional 613 shares during the last quarter. Finally, Pinnacle Holdings LLC lifted its stake in Alliance Resource Partners by 0.5% during the fourth quarter. Pinnacle Holdings LLC now owns 129,423 shares of the energy company’s stock worth $3,006,000 after purchasing an additional 653 shares during the last quarter. 18.11% of the stock is currently owned by hedge funds and other institutional investors.

About Alliance Resource Partners

(Get Free Report)

Alliance Resource Partners, L.P. (NASDAQ: ARLP) is a Tulsa, Oklahoma–based master limited partnership engaged in the production, marketing and transportation of bituminous coal. Through its subsidiaries, the company develops, owns and operates surface and underground coal mines, providing fuel primarily for electric power generation and various industrial applications. Alliance’s integrated business model covers the extraction of raw coal, processing at preparation plants and delivery to domestic and export customers.

The partnership operates multiple mining complexes across Illinois, Indiana, Kentucky and West Virginia.

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