Alliance Resource Partners (NASDAQ:ARLP) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

by · The Markets Daily

Alliance Resource Partners, L.P. (NASDAQ:ARLP – Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $25.08 and traded as high as $26.45. Alliance Resource Partners shares last traded at $26.29, with a volume of 441,168 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have commented on ARLP. Singular Research lowered shares of Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, December 2nd. StockNews.com lowered Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th. Finally, Benchmark boosted their price target on Alliance Resource Partners from $26.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday, October 29th.

Read Our Latest Research Report on Alliance Resource Partners

Alliance Resource Partners Trading Up 1.2 %

The company has a quick ratio of 1.69, a current ratio of 2.36 and a debt-to-equity ratio of 0.24. The company’s 50-day moving average is $26.55 and its 200 day moving average is $25.11. The company has a market cap of $3.41 billion, a price-to-earnings ratio of 7.56 and a beta of 1.16.

Alliance Resource Partners (NASDAQ:ARLP – Get Free Report) last posted its earnings results on Monday, October 28th. The energy company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.16). The business had revenue of $613.57 million for the quarter, compared to analyst estimates of $646.17 million. Alliance Resource Partners had a net margin of 18.52% and a return on equity of 23.74%. During the same quarter last year, the business earned $1.18 earnings per share. Research analysts predict that Alliance Resource Partners, L.P. will post 3.19 EPS for the current year.

Alliance Resource Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th were given a dividend of $0.70 per share. The ex-dividend date was Thursday, November 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 10.52%. Alliance Resource Partners’s dividend payout ratio (DPR) is 79.55%.

Insider Buying and Selling at Alliance Resource Partners

In other news, SVP Timothy J. Whelan sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $28.00, for a total value of $280,000.00. Following the transaction, the senior vice president now owns 157,946 shares in the company, valued at $4,422,488. This trade represents a 5.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 16.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Eastern Bank acquired a new stake in Alliance Resource Partners in the 3rd quarter valued at about $72,000. Integrated Wealth Concepts LLC acquired a new position in shares of Alliance Resource Partners during the 3rd quarter worth approximately $206,000. Legacy Financial Group Inc. purchased a new stake in shares of Alliance Resource Partners in the second quarter valued at approximately $226,000. Founders Financial Securities LLC acquired a new stake in shares of Alliance Resource Partners in the second quarter valued at approximately $242,000. Finally, Dakota Wealth Management purchased a new position in Alliance Resource Partners during the third quarter worth approximately $251,000. 18.11% of the stock is owned by institutional investors and hedge funds.

About Alliance Resource Partners

(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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