Alliance Resource Partners (NASDAQ:ARLP) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Alliance Resource Partners, L.P. (NASDAQ:ARLP)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $24.42 and traded as high as $27.78. Alliance Resource Partners shares last traded at $27.50, with a volume of 391,591 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ARLP shares. Wall Street Zen downgraded Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. Weiss Ratings raised shares of Alliance Resource Partners from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Zacks Research lowered shares of Alliance Resource Partners from a “hold” rating to a “strong sell” rating in a research note on Monday, January 5th. Finally, Benchmark reiterated a “buy” rating on shares of Alliance Resource Partners in a report on Tuesday, February 3rd. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $29.50.

Alliance Resource Partners Trading Down 0.7%

The company has a debt-to-equity ratio of 0.23, a current ratio of 2.10 and a quick ratio of 1.41. The company has a market capitalization of $3.50 billion, a P/E ratio of 11.37 and a beta of 0.30. The firm has a fifty day moving average price of $25.37 and a 200-day moving average price of $24.47.

Alliance Resource Partners (NASDAQ:ARLP) last issued its quarterly earnings results on Monday, February 2nd. The energy company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.14. The business had revenue of $535.51 million for the quarter, compared to analyst estimates of $556.82 million. Alliance Resource Partners had a return on equity of 18.41% and a net margin of 14.18%. On average, equities research analysts anticipate that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current year.

Alliance Resource Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, February 6th were given a dividend of $0.60 per share. The ex-dividend date was Friday, February 6th. This represents a $2.40 annualized dividend and a yield of 8.8%. Alliance Resource Partners’s dividend payout ratio is presently 100.00%.

Institutional Trading of Alliance Resource Partners

Hedge funds have recently added to or reduced their stakes in the stock. State of Tennessee Department of Treasury bought a new position in shares of Alliance Resource Partners during the 4th quarter valued at approximately $209,000. Progeny 3 Inc. raised its holdings in shares of Alliance Resource Partners by 0.3% in the 4th quarter. Progeny 3 Inc. now owns 3,282,671 shares of the energy company’s stock worth $76,256,000 after purchasing an additional 8,290 shares during the period. Miller Value Partners LLC lifted its stake in Alliance Resource Partners by 3.9% in the fourth quarter. Miller Value Partners LLC now owns 132,000 shares of the energy company’s stock valued at $3,066,000 after purchasing an additional 5,000 shares during the last quarter. Cetera Investment Advisers lifted its stake in Alliance Resource Partners by 19.7% in the fourth quarter. Cetera Investment Advisers now owns 67,950 shares of the energy company’s stock valued at $1,578,000 after purchasing an additional 11,204 shares during the last quarter. Finally, Jump Financial LLC bought a new position in Alliance Resource Partners during the fourth quarter valued at $1,264,000. Institutional investors own 18.11% of the company’s stock.

About Alliance Resource Partners

Alliance Resource Partners, L.P. (NASDAQ: ARLP) is a Tulsa, Oklahoma–based master limited partnership engaged in the production, marketing and transportation of bituminous coal. Through its subsidiaries, the company develops, owns and operates surface and underground coal mines, providing fuel primarily for electric power generation and various industrial applications. Alliance’s integrated business model covers the extraction of raw coal, processing at preparation plants and delivery to domestic and export customers.

The partnership operates multiple mining complexes across Illinois, Indiana, Kentucky and West Virginia.