Alliance Resource Partners, L.P. (NASDAQ:ARLP) shot up 4.6% during mid-day trading on Tuesday . The stock traded as high as $20.79 and last traded at $20.75, with a volume of 240,547 shares. The stock had previously closed at $19.84.

Several research firms recently issued reports on ARLP. Zacks Investment Research lowered shares of Alliance Resource Partners, L.P. from a “buy” rating to a “hold” rating in a report on Monday, July 4th. FBR & Co increased their target price on shares of Alliance Resource Partners, L.P. from $19.00 to $22.00 and gave the stock an “outperform” rating in a report on Monday, August 1st. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $22.50.

The company has a market capitalization of $1.57 billion and a price-to-earnings ratio of 13.16. The stock’s 50 day moving average price is $18.64 and its 200 day moving average price is $14.89.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.27. The business earned $439.20 million during the quarter, compared to analyst estimates of $444.13 million. During the same period in the prior year, the business posted $0.76 EPS. Alliance Resource Partners, L.P.’s revenue was down 27.4% compared to the same quarter last year. On average, equities research analysts anticipate that Alliance Resource Partners, L.P. will post $2.45 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Friday, August 5th were issued a $0.4375 dividend. This represents a $1.75 annualized dividend and a yield of 8.29%. The ex-dividend date was Wednesday, August 3rd.

In related news, VP Robert J. Fouch sold 17,000 shares of Alliance Resource Partners, L.P. stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $19.34, for a total transaction of $328,780.00. Following the completion of the sale, the vice president now owns 33,242 shares of the company’s stock, valued at $642,900.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

An institutional investor recently bought a new position in Alliance Resource Partners, L.P. stock. Marshall Wace LLP bought a new position in Alliance Resource Partners, L.P. (NASDAQ:ARLP) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 184,834 shares of the company’s stock, valued at approximately $2,493,000. Marshall Wace LLP owned 0.25% of Alliance Resource Partners, L.P. as of its most recent SEC filing.

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. It operates over 10 underground mining complexes in Illinois, Indiana, Kentucky, Maryland and West Virginia.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.