Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) fell 1.7% during mid-day trading on Friday . The stock traded as low as $20.17 and last traded at $20.36, with a volume of 113,750 shares changing hands. The stock had previously closed at $20.72.

Several brokerages recently issued reports on ARLP. Zacks Investment Research upgraded shares of Alliance Resource Partners, L.P. from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research report on Wednesday, May 4th. FBR & Co boosted their target price on shares of Alliance Resource Partners, L.P. from $18.00 to $19.00 and gave the company an “outperform” rating in a research report on Monday, May 2nd. One research 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. The stock has an average rating of “Buy” and a consensus target price of $22.50.

The firm’s 50-day moving average is $18.94 and its 200 day moving average is $15.03. The stock has a market cap of $1.50 billion and a price-to-earnings ratio of 12.60.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.27. During the same period in the previous year, the company posted $0.76 earnings per share. The firm had revenue of $439.20 million for the quarter, compared to analysts’ expectations of $444.13 million. The business’s quarterly revenue was down 27.4% compared to the same quarter last year. On average, analysts forecast that Alliance Resource Partners, L.P. will post $2.45 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Friday, August 5th were given a $0.4375 dividend. This represents a $1.75 annualized dividend and a dividend yield of 8.65%. The ex-dividend date was Wednesday, August 3rd.

In related news, VP Robert J. Fouch sold 17,000 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $19.34, for a total value of $328,780.00. Following the completion of the transaction, the vice president now directly owns 33,242 shares of the company’s stock, valued at approximately $642,900.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

A hedge fund recently raised its stake in Alliance Resource Partners, L.P. stock. Morgan Stanley increased its stake in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 75.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 878,997 shares of the company’s stock after buying an additional 377,083 shares during the period. Morgan Stanley owned 1.18% of Alliance Resource Partners, L.P. worth $11,858,000 at the end of the most recent quarter.

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.

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