Alliance Resource Partners, L.P. (NASDAQ:ARLP) Short Interest Update

by · The Cerbat Gem

Alliance Resource Partners, L.P. (NASDAQ:ARLP – Get Free Report) was the target of a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 3,080,000 shares, a drop of 9.9% from the October 31st total of 3,420,000 shares. Based on an average daily volume of 282,100 shares, the days-to-cover ratio is currently 10.9 days. Approximately 3.5% of the shares of the company are sold short.

Analysts Set New Price Targets

ARLP has been the topic of several research analyst reports. StockNews.com lowered shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. Benchmark increased their price target on shares of Alliance Resource Partners from $26.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday, October 29th.

View Our Latest Stock Report on ARLP

Institutional Trading of Alliance Resource Partners

A number of institutional investors have recently modified their holdings of ARLP. Continuum Advisory LLC acquired a new position in Alliance Resource Partners in the second quarter valued at about $27,000. Beacon Capital Management LLC raised its position in shares of 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 buying an additional 842 shares in the last quarter. Cove Street Capital LLC bought a new stake in shares of Alliance Resource Partners during the 2nd quarter worth approximately $49,000. Mather Group LLC. bought a new stake in shares of Alliance Resource Partners during the 2nd quarter worth approximately $51,000. Finally, Eastern Bank acquired a new stake in shares of Alliance Resource Partners during the 3rd quarter worth approximately $72,000. 18.11% of the stock is currently owned by institutional investors.

Alliance Resource Partners Trading Down 1.5 %

Shares of Alliance Resource Partners stock opened at $27.80 on Tuesday. Alliance Resource Partners has a 52-week low of $18.32 and a 52-week high of $29.44. The stock has a market cap of $3.56 billion, a PE ratio of 7.97 and a beta of 1.14. The firm has a 50-day moving average of $26.00 and a 200-day moving average of $24.71. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 2.36.

Alliance Resource Partners (NASDAQ:ARLP – Get Free Report) last announced its earnings results 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). Alliance Resource Partners had a return on equity of 23.74% and a net margin of 18.52%. The business had revenue of $613.57 million for the quarter, compared to analyst estimates of $646.17 million. During the same quarter in the previous year, the company earned $1.18 EPS. As a group, sell-side analysts forecast that Alliance Resource Partners will post 3.2 EPS for the current year.

Alliance Resource Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders 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 10.07%. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 79.55%.

Alliance Resource Partners Company Profile

(Get Free Report)

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.

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