Alliance Resource Partners, L.P. (NASDAQ:ARLP) shares fell 2.5% during trading on Thursday . The company traded as low as $19.83 and last traded at $19.88, with a volume of 81,306 shares. The stock had previously closed at $20.39.

A number of research firms have recently issued reports on ARLP. Zacks Investment Research upgraded shares of Alliance Resource Partners, L.P. from a “hold” rating to a “strong-buy” rating and set a $22.00 target price for the company in a research note on Monday, August 1st. FBR & Co lifted their target price on shares of Alliance Resource Partners, L.P. from $19.00 to $22.00 and gave the company an “outperform” rating in a research note on Monday, August 1st. One equities 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 stock. Alliance Resource Partners, L.P. has an average rating of “Buy” and an average price target of $22.50.

The firm’s 50 day moving average price is $19.31 and its 200 day moving average price is $15.30. The company has a market capitalization of $1.53 billion and a price-to-earnings ratio of 12.79.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.27. The company earned $439.20 million during the quarter, compared to analyst estimates of $444.13 million. During the same quarter last year, the company posted $0.76 EPS. The firm’s quarterly revenue was down 27.4% on a year-over-year basis. On average, equities research analysts expect that Alliance Resource Partners, L.P. will post $2.45 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Friday, August 5th were paid a $0.4375 dividend. The ex-dividend date of this dividend was Wednesday, August 3rd. This represents a $1.75 dividend on an annualized basis and a yield of 8.52%.

In other Alliance Resource Partners, L.P. 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 transaction of $328,780.00. Following the transaction, the vice president now owns 33,242 shares in the company, valued at approximately $642,900.28. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

An institutional investor recently raised its position in Alliance Resource Partners, L.P. stock. Morgan Stanley raised its position in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 75.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 878,997 shares of the company’s stock after buying an additional 377,083 shares during the period. Morgan Stanley owned approximately 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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