ValuEngine cut shares of Alliance Resource Partners (NASDAQ:ARLP) from a hold rating to a sell rating in a report issued on Thursday morning, ValuEngine reports.

Several other equities analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Alliance Resource Partners from a hold rating to a sell rating in a research note on Friday, April 12th. BidaskClub upgraded shares of Alliance Resource Partners from a buy rating to a strong-buy rating in a research note on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. Alliance Resource Partners has an average rating of Hold and an average target price of $21.00.

NASDAQ:ARLP opened at $17.39 on Thursday. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 7.13 and a beta of 0.97. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.94 and a quick ratio of 0.70. Alliance Resource Partners has a 52 week low of $16.50 and a 52 week high of $20.99.

Alliance Resource Partners (NASDAQ:ARLP) last issued its earnings results on Monday, April 29th. The energy company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.34. The firm had revenue of $526.60 million during the quarter, compared to the consensus estimate of $523.00 million. Alliance Resource Partners had a net margin of 23.51% and a return on equity of 30.52%. The company’s revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.16 earnings per share. On average, sell-side analysts anticipate that Alliance Resource Partners will post 3.1 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 8th were issued a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a dividend yield of 12.31%. This is a boost from Alliance Resource Partners’s previous quarterly dividend of $0.53. The ex-dividend date was Tuesday, May 7th. Alliance Resource Partners’s dividend payout ratio is presently 87.70%.

Large investors have recently made changes to their positions in the company. Coastal Investment Advisors Inc. purchased a new stake in shares of Alliance Resource Partners in the first quarter valued at about $50,000. Rockefeller Capital Management L.P. purchased a new stake in shares of Alliance Resource Partners in the first quarter valued at about $60,000. Acima Private Wealth LLC purchased a new stake in shares of Alliance Resource Partners in the fourth quarter valued at about $69,000. Chiron Investment Management LLC raised its holdings in shares of Alliance Resource Partners by 19.6% in the fourth quarter. Chiron Investment Management LLC now owns 9,784 shares of the energy company’s stock valued at $170,000 after buying an additional 1,600 shares during the last quarter. Finally, Penserra Capital Management LLC purchased a new stake in shares of Alliance Resource Partners in the fourth quarter valued at about $173,000. 26.56% of the stock is owned by institutional investors and hedge funds.

About Alliance Resource Partners

Alliance Resource Partners, L.P. produces and markets coal primarily to utilities and industrial users in the United States. The company operates through two segments, Illinois Basin and Appalachia. It produces a range of steam and metallurgical coal with sulfur and heat contents. The company operates eight underground mining complexes in Illinois, Indiana, Kentucky, Maryland, and West Virginia.

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