Alliance Resource Partners (NASDAQ:ARLP) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Alliance Resource Partners, L.P. (NASDAQ:ARLP) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $25.28 and traded as high as $25.42. Alliance Resource Partners shares last traded at $24.95, with a volume of 379,591 shares trading hands.

Analyst Ratings Changes

ARLP has been the topic of several analyst reports. Zacks Research raised shares of Alliance Resource Partners from a “strong sell” rating to a “hold” rating in a research note on Friday, April 24th. Wall Street Zen cut shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Weiss Ratings cut shares of Alliance Resource Partners from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, March 16th. Finally, Benchmark reiterated a “buy” rating on shares of Alliance Resource Partners in a report on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Alliance Resource Partners currently has an average rating of “Moderate Buy” and a consensus target price of $30.00.

Alliance Resource Partners Price Performance

The company’s fifty day moving average is $26.44 and its 200 day moving average is $25.28. The company has a quick ratio of 0.95, a current ratio of 1.46 and a debt-to-equity ratio of 0.24. The stock has a market cap of $3.20 billion, a PE ratio of 13.09 and a beta of 0.26.

Alliance Resource Partners (NASDAQ:ARLP) last posted its quarterly earnings results on Monday, April 27th. The energy company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.28). Alliance Resource Partners had a net margin of 11.35% and a return on equity of 16.87%. The business had revenue of $516.02 million during the quarter, compared to analysts’ expectations of $518.24 million. As a group, sell-side analysts anticipate that Alliance Resource Partners, L.P. will post 2.45 earnings per share for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 8th were issued a $0.60 dividend. The ex-dividend date was Friday, May 8th. This represents a $2.40 annualized dividend and a yield of 9.6%. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 126.32%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ARLP. Jaffetilchin Investment Partners LLC grew its position in Alliance Resource Partners by 1.3% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 33,951 shares of the energy company’s stock valued at $789,000 after acquiring an additional 442 shares in the last quarter. HUB Investment Partners LLC grew its position in Alliance Resource Partners by 4.0% in the second quarter. HUB Investment Partners LLC now owns 13,094 shares of the energy company’s stock valued at $342,000 after acquiring an additional 499 shares in the last quarter. US Bancorp DE grew its position in Alliance Resource Partners by 28.5% in the third quarter. US Bancorp DE now owns 2,570 shares of the energy company’s stock valued at $65,000 after acquiring an additional 570 shares in the last quarter. AlphaCore Capital LLC grew its position in Alliance Resource Partners by 2.4% in the third quarter. AlphaCore Capital LLC now owns 26,560 shares of the energy company’s stock valued at $672,000 after acquiring an additional 613 shares in the last quarter. Finally, Pinnacle Holdings LLC grew its position in Alliance Resource Partners by 0.5% in the fourth quarter. Pinnacle Holdings LLC now owns 129,423 shares of the energy company’s stock valued at $3,006,000 after acquiring an additional 653 shares in the last quarter. Hedge funds and other 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.