Alliance Resource Partners (NASDAQ:ARLP) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Alliance Resource Partners (NASDAQ:ARLP) from a hold rating to a buy rating in a report released on Saturday morning.

A number of other brokerages have also recently issued reports on ARLP. Weiss Ratings cut Alliance Resource Partners from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Zacks Research raised Alliance Resource Partners from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $30.00.

Alliance Resource Partners Price Performance

Shares of Alliance Resource Partners stock opened at $25.93 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.32 and a current ratio of 1.75. Alliance Resource Partners has a 52-week low of $22.20 and a 52-week high of $29.45. The company has a fifty day moving average of $24.76 and a 200-day moving average of $25.63. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 12.65 and a beta of 0.22.

Alliance Resource Partners (NASDAQ:ARLP) last issued its earnings results on Monday, July 27th. The energy company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). The business had revenue of $551.56 million during the quarter, compared to analysts’ expectations of $554.30 million. Alliance Resource Partners had a return on equity of 17.70% and a net margin of 12.25%. Equities research analysts expect that Alliance Resource Partners will post 2.65 EPS for the current year.

Alliance Resource Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, August 7th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 9.3%. Alliance Resource Partners’s payout ratio is presently 117.07%.

Insider Buying and Selling at Alliance Resource Partners

In related news, Director Ronna R. Mcdaniel purchased 3,000 shares of Alliance Resource Partners stock in a transaction that occurred on Friday, July 31st. The shares were bought at an average price of $26.11 per share, for a total transaction of $78,330.00. Following the completion of the transaction, the director directly owned 3,000 shares of the company’s stock, valued at $78,330. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 16.80% of the company’s stock.

Institutional Investors Weigh In On Alliance Resource Partners

Several hedge funds have recently made changes to their positions in ARLP. Summit Securities Group LLC bought a new position in Alliance Resource Partners in the first quarter worth $28,000. IFC & Insurance Marketing Inc. purchased a new stake in shares of Alliance Resource Partners in the 4th quarter worth about $35,000. Smartleaf Asset Management LLC bought a new position in shares of Alliance Resource Partners during the fourth quarter valued at approximately $35,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Alliance Resource Partners by 135.0% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,523 shares of the energy company’s stock valued at $39,000 after acquiring an additional 875 shares in the last quarter. Finally, Triumph Capital Management bought a new position in shares of Alliance Resource Partners during the third quarter valued at $46,000. 18.11% of the stock is currently owned by institutional investors.

Alliance Resource Partners Company Profile

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.