Alliance Resource Partners (NASDAQ:ARLP) Cut to “Hold” at Wall Street Zen

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

ARLP has been the topic of a number of other reports. Weiss Ratings cut Alliance Resource Partners from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, March 16th. Benchmark restated a “buy” rating on shares of Alliance Resource Partners in a research note on Tuesday, February 3rd. Finally, Zacks Research cut Alliance Resource Partners from a “hold” rating to a “strong sell” rating in a research note on Monday, January 5th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $29.50.

Alliance Resource Partners Trading Up 0.0%

NASDAQ ARLP opened at $28.18 on Friday. The stock has a market capitalization of $3.63 billion, a price-to-earnings ratio of 11.74 and a beta of 0.31. Alliance Resource Partners has a one year low of $22.20 and a one year high of $29.45. 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 business’s fifty day moving average is $26.58 and its 200-day moving average is $25.06.

Alliance Resource Partners (NASDAQ:ARLP) last released its 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 company had revenue of $535.51 million for the quarter, compared to analysts’ expectations of $556.82 million. Alliance Resource Partners had a return on equity of 18.41% and a net margin of 14.18%. Equities research analysts predict that Alliance Resource Partners will post 2.72 EPS for the current year.

Alliance Resource Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, February 6th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 8.5%. The ex-dividend date of this dividend was Friday, February 6th. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 100.00%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Nomura Holdings Inc. bought a new position in Alliance Resource Partners in the 2nd quarter valued at $7,842,000. ING Groep NV boosted its holdings in Alliance Resource Partners by 167.8% in the 3rd quarter. ING Groep NV now owns 378,100 shares of the energy company’s stock valued at $9,560,000 after purchasing an additional 236,900 shares during the period. Tweedy Browne Co LLC boosted its holdings in Alliance Resource Partners by 105.4% in the 3rd quarter. Tweedy Browne Co LLC now owns 39,999 shares of the energy company’s stock valued at $1,011,000 after purchasing an additional 20,522 shares during the period. Parvin Asset Management LLC bought a new position in Alliance Resource Partners in the 2nd quarter valued at $27,000. Finally, Quantum Portfolio Management LLC boosted its holdings in Alliance Resource Partners by 13.3% in the 2nd quarter. Quantum Portfolio Management LLC now owns 20,154 shares of the energy company’s stock valued at $527,000 after purchasing an additional 2,364 shares during the period. 18.11% of the stock is 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.