Alliance Resource Partners, L.P. (NASDAQ:ARLP) announced a quarterly dividend on Friday, July 28th, Fidelity reports. Shareholders of record on Monday, August 7th will be paid a dividend of 0.50 per share by the energy company on Monday, August 14th. This represents a $2.00 annualized dividend and a yield of 10.67%. The ex-dividend date is Thursday, August 3rd. This is a positive change from Alliance Resource Partners, L.P.’s previous quarterly dividend of $0.44.
Alliance Resource Partners, L.P. has decreased its dividend payment by an average of 4.5% per year over the last three years. Alliance Resource Partners, L.P. has a dividend payout ratio of 66.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Alliance Resource Partners, L.P. to earn $2.37 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 84.4%.
Shares of Alliance Resource Partners, L.P. (ARLP) traded down 2.85% during midday trading on Tuesday, reaching $18.75. 361,418 shares of the company’s stock traded hands. Alliance Resource Partners, L.P. has a 52-week low of $18.15 and a 52-week high of $26.65. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 4.51 and a beta of 0.68.
Alliance Resource Partners, L.P. (NASDAQ:ARLP) last released its quarterly earnings results on Monday, July 31st. The energy company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.09. Alliance Resource Partners, L.P. had a net margin of 19.47% and a return on equity of 35.17%. The company had revenue of $398.72 million for the quarter, compared to analyst estimates of $447.68 million. During the same period last year, the firm earned $0.82 earnings per share. The firm’s revenue was down 9.2% on a year-over-year basis. On average, equities analysts predict that Alliance Resource Partners, L.P. will post $3.36 earnings per share for the current fiscal year.
In related news, Director John P. Neafsey acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was acquired at an average price of $19.55 per share, for a total transaction of $195,500.00. Following the completion of the acquisition, the director now owns 51,604 shares of the company’s stock, valued at approximately $1,008,858.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 44.03% of the company’s stock.
A number of research analysts recently weighed in on ARLP shares. ValuEngine lowered shares of Alliance Resource Partners, L.P. from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 3rd. BidaskClub lowered shares of Alliance Resource Partners, L.P. from a “sell” rating to a “strong sell” rating in a research report on Friday, June 23rd. Zacks Investment Research lowered shares of Alliance Resource Partners, L.P. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Finally, FBR & Co reissued an “outperform” rating and set a $29.00 price target (up from $27.00) on shares of Alliance Resource Partners, L.P. in a research report on Tuesday, May 2nd. Two analysts have rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $26.93.
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Alliance Resource Partners, L.P. Company Profile
Alliance Resource Partners, L.P. is a producer and marketer of coal primarily to the United States utilities and industrial users. The Company operates through segments, including Illinois Basin, Appalachia, and Other and Corporate. The Illinois Basin segment consists of various operating segments, including Webster County Coal, LLC’s Dotiki mining complex, Gibson County Coal, LLC’s mining complex, which includes the Gibson North mine and Gibson South mine, Hopkins County Coal, LLC’s mining complex, which includes the Elk Creek mine, the Pleasant View surface mineable reserves and the Fies property, White County Coal, LLC’s, Pattiki mining complex, Warrior Coal, LLC’s mining complex, Sebree Mining, LLC’s mining complex, which includes the Onton mine and River View Coal, LLC mining complex.
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