Alliance Resource Partners (NASDAQ:ARLP) Downgraded to Buy Rating by StockNews.com

StockNews.com lowered shares of Alliance Resource Partners (NASDAQ:ARLP) from a strong-buy rating to a buy rating in a research note published on Friday.

Separately, Benchmark upped their target price 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.

Alliance Resource Partners Stock Performance

Shares of NASDAQ ARLP opened at $26.79 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 2.36. The stock has a 50 day moving average price of $25.11 and a 200 day moving average price of $24.35. The stock has a market capitalization of $3.43 billion, a PE ratio of 7.61 and a beta of 1.14. Alliance Resource Partners has a 52 week low of $18.32 and a 52 week high of $27.80.

Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly earnings data on Monday, October 28th. The energy company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.16). The company had revenue of $613.57 million during 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 period in the previous year, the company posted $1.18 EPS. Analysts predict that Alliance Resource Partners will post 3.2 earnings per share for the current fiscal year.

Alliance Resource Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 10.45%. The ex-dividend date was Thursday, November 7th. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 79.55%.

Hedge Funds Weigh In On Alliance Resource Partners

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Continuum Advisory LLC acquired a new stake in shares of Alliance Resource Partners during the 2nd quarter worth about $27,000. Beacon Capital Management LLC grew its position in shares of Alliance Resource Partners by 135.8% in the second quarter. Beacon Capital Management LLC now owns 1,462 shares of the energy company’s stock valued at $36,000 after purchasing an additional 842 shares during the last quarter. Cove Street Capital LLC bought a new position in shares of Alliance Resource Partners during the second quarter worth approximately $49,000. Mather Group LLC. acquired a new stake in Alliance Resource Partners during the 2nd quarter worth approximately $51,000. Finally, Pathway Financial Advisers LLC bought a new stake in Alliance Resource Partners in the 1st quarter valued at $54,000. 18.11% of the stock is owned by institutional investors.

Alliance Resource Partners Company Profile

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.