Alliance Resource Partners, L.P. (NASDAQ:ARLP) – Investment analysts at Seaport Global Securities lowered their FY2020 earnings per share estimates for shares of Alliance Resource Partners in a research report issued on Monday, April 29th, according to Zacks Investment Research. Seaport Global Securities analyst M. Levin now expects that the energy company will post earnings per share of $2.25 for the year, down from their previous estimate of $2.78.
Alliance Resource Partners (NASDAQ:ARLP) last posted its earnings results on Monday, April 29th. The energy company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.34. The firm had revenue of $526.60 million during the quarter, compared to analysts’ expectations of $523.00 million. Alliance Resource Partners had a return on equity of 30.52% and a net margin of 23.51%. The firm’s revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.16 earnings per share.
A number of other equities research analysts have also recently weighed in on ARLP. ValuEngine upgraded Alliance Resource Partners from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. BidaskClub cut Alliance Resource Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. Finally, Zacks Investment Research cut Alliance Resource Partners from a “hold” rating to a “sell” rating in a research note on Friday, April 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. Alliance Resource Partners has a consensus rating of “Hold” and a consensus price target of $21.00.
ARLP stock traded down $0.16 during trading on Thursday, hitting $17.39. 702,100 shares of the company’s stock were exchanged, compared to its average volume of 477,150. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 7.13 and a beta of 0.97. Alliance Resource Partners has a 52-week low of $16.50 and a 52-week high of $20.99. The company has a quick ratio of 0.70, a current ratio of 0.94 and a debt-to-equity ratio of 0.32.
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 8th were issued a $0.535 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $2.14 dividend on an annualized basis and a dividend yield of 12.31%. This is a positive change from Alliance Resource Partners’s previous quarterly dividend of $0.53. Alliance Resource Partners’s payout ratio is presently 87.70%.
Several large investors have recently added to or reduced their stakes in ARLP. Coastal Investment Advisors Inc. acquired a new position in Alliance Resource Partners during the first quarter worth $50,000. Rockefeller Capital Management L.P. purchased a new position in Alliance Resource Partners during the first quarter worth about $60,000. Acima Private Wealth LLC purchased a new position in Alliance Resource Partners during the fourth quarter worth about $69,000. Chiron Investment Management LLC lifted its position in Alliance Resource Partners by 19.6% during the fourth quarter. Chiron Investment Management LLC now owns 9,784 shares of the energy company’s stock worth $170,000 after buying an additional 1,600 shares during the period. Finally, Penserra Capital Management LLC purchased a new position in Alliance Resource Partners during the fourth quarter worth about $173,000. 26.56% of the stock is currently owned by institutional investors and hedge funds.
About Alliance Resource Partners
Alliance Resource Partners, L.P. produces and markets coal primarily to utilities and industrial users in the United States. The company operates through two segments, Illinois Basin and Appalachia. It produces a range of steam and metallurgical coal with sulfur and heat contents. The company operates eight underground mining complexes in Illinois, Indiana, Kentucky, Maryland, and West Virginia.
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