Alliance Resource Partners, L.P. (ARLP) Receives Average Rating of “Buy” from Analysts

Alliance Resource Partners, L.P. (NASDAQ:ARLP) has been given a consensus recommendation of “Buy” by the nine brokerages that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $27.32.

A number of research analysts have commented on ARLP shares. ValuEngine lowered shares of Alliance Resource Partners, L.P. from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 3rd. FBR & Co reaffirmed an “outperform” rating and issued a $29.00 target price (up previously from $27.00) on shares of Alliance Resource Partners, L.P. in a report on Tuesday, May 2nd. BidaskClub downgraded shares of Alliance Resource Partners, L.P. from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, Zacks Investment Research downgraded shares of Alliance Resource Partners, L.P. from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th.

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Alliance Resource Partners, L.P. (NASDAQ ARLP) traded up 1.64% during midday trading on Friday, reaching $18.60. 326,210 shares of the company’s stock traded hands. Alliance Resource Partners, L.P. has a 1-year low of $18.15 and a 1-year high of $26.65. The firm’s 50 day moving average price is $19.68 and its 200-day moving average price is $21.64.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) last posted its quarterly earnings data on Monday, July 31st. The energy company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.09. The company had revenue of $398.72 million for the quarter, compared to analyst estimates of $447.68 million. Alliance Resource Partners, L.P. had a net margin of 19.47% and a return on equity of 34.60%. Alliance Resource Partners, L.P.’s quarterly revenue was down 9.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.82 earnings per share. Analysts anticipate that Alliance Resource Partners, L.P. will post $2.89 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, August 7th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, August 3rd. This represents a $2.00 dividend on an annualized basis and a yield of 10.75%. This is an increase from Alliance Resource Partners, L.P.’s previous quarterly dividend of $0.44. Alliance Resource Partners, L.P.’s payout ratio is currently 48.43%.

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 shares were purchased at an average price of $19.55 per share, with a total value of $195,500.00. Following the completion of the acquisition, the director now owns 51,604 shares in the company, valued at $1,008,858.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 44.03% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in Alliance Resource Partners, L.P. by 959.6% in the second quarter. Principal Financial Group Inc. now owns 1,509,653 shares of the energy company’s stock worth $28,532,000 after buying an additional 1,367,177 shares in the last quarter. Acadian Asset Management LLC increased its stake in Alliance Resource Partners, L.P. by 27.2% in the second quarter. Acadian Asset Management LLC now owns 1,600,029 shares of the energy company’s stock worth $30,239,000 after buying an additional 341,842 shares in the last quarter. Magnolia Group LLC increased its stake in Alliance Resource Partners, L.P. by 38.7% in the first quarter. Magnolia Group LLC now owns 1,079,078 shares of the energy company’s stock worth $23,362,000 after buying an additional 301,248 shares in the last quarter. Tiedemann Wealth Management LLC increased its stake in Alliance Resource Partners, L.P. by 380.2% in the first quarter. Tiedemann Wealth Management LLC now owns 308,077 shares of the energy company’s stock worth $6,670,000 after buying an additional 243,925 shares in the last quarter. Finally, Foundry Partners LLC bought a new stake in Alliance Resource Partners, L.P. during the second quarter worth approximately $3,689,000. 26.25% of the stock is currently owned by hedge funds and other institutional investors.

About Alliance Resource Partners, L.P.

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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