Alliance Resource Partners (NASDAQ:ARLP) Shares Gap Up – What’s Next?

Alliance Resource Partners, L.P. (NASDAQ:ARLP) gapped up before the market opened on Thursday . The stock had previously closed at $25.55, but opened at $26.24. Alliance Resource Partners shares last traded at $25.47, with a volume of 16,503 shares changing hands.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Weiss Ratings raised Alliance Resource Partners from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, August 25th. Wall Street Zen upgraded Alliance Resource Partners from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Finally, Zacks Research cut Alliance Resource Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Alliance Resource Partners Stock Performance

The stock has a market capitalization of $3.26 billion, a PE ratio of 12.36 and a beta of 0.21. The business’s 50 day moving average is $25.77 and its 200 day moving average is $25.74. The company has a current ratio of 1.75, a quick ratio of 1.32 and a debt-to-equity ratio of 0.28.

Alliance Resource Partners (NASDAQ:ARLP) last announced its quarterly earnings data on Monday, July 27th. The energy company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Alliance Resource Partners had a net margin of 12.25% and a return on equity of 17.70%. The company had revenue of $551.56 million for the quarter, compared to the consensus estimate of $554.30 million. On average, equities research analysts predict that Alliance Resource Partners, L.P. will post 2.65 earnings per share for the current fiscal year.

Alliance Resource Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, August 7th were issued a dividend of $0.60 per share. The ex-dividend date was Friday, August 7th. This represents a $2.40 dividend on an annualized basis and a yield of 9.5%. Alliance Resource Partners’s dividend payout ratio is currently 117.07%.

Insider Transactions at Alliance Resource Partners

In related news, Director Ronna McDaniel purchased 3,000 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were acquired at an average cost of $26.11 per share, for a total transaction of $78,330.00. Following the acquisition, the director owned 3,000 shares of the company’s stock, valued at $78,330. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 16.80% of the company’s stock.

Institutional Trading of Alliance Resource Partners

A number of institutional investors have recently modified their holdings of the company. Summit Securities Group LLC acquired a new position in shares of Alliance Resource Partners in the 1st quarter valued at about $28,000. Fort Sheridan Advisors LLC grew its stake in shares of Alliance Resource Partners by 7.3% during the 4th quarter. Fort Sheridan Advisors LLC now owns 15,427 shares of the energy company’s stock worth $358,000 after purchasing an additional 1,044 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of Alliance Resource Partners during the 2nd quarter valued at approximately $28,000. Pin Oak Investment Advisors Inc. acquired a new position in shares of Alliance Resource Partners in the 2nd quarter valued at $30,000. Finally, MCF Advisors LLC boosted its holdings in Alliance Resource Partners by 161.4% during the second quarter. MCF Advisors LLC now owns 2,614 shares of the energy company’s stock worth $63,000 after buying an additional 1,614 shares in the last quarter. 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 diversified natural resource company organized as a master limited partnership. The company primarily produces and markets coal through its subsidiary, Alliance Coal, LLC, supplying fuel to electric utilities and industrial customers in the United States.

Alliance operates mining complexes in the Illinois Basin and Appalachia, including properties in Illinois, Kentucky, and West Virginia. Its coal products are used mainly for electricity generation, and the company markets its production through long-term and spot sales agreements with domestic utility customers.

In addition to its coal operations, Alliance owns mineral and royalty interests tied to oil and natural gas production, as well as other mineral assets.