Alliance Resource Partners, L.P. (NASDAQ:ARLP) has been assigned an average recommendation of “Buy” from the nine brokerages that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $27.32.

A number of research firms have recently issued reports on ARLP. FBR & Co reissued an “outperform” rating and issued a $29.00 price target (up from $27.00) on shares of Alliance Resource Partners, L.P. in a research report on Tuesday, May 2nd. BidaskClub lowered shares of Alliance Resource Partners, L.P. from a “sell” rating to a “strong sell” rating in a research report on Friday. ValuEngine lowered shares of Alliance Resource Partners, L.P. from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Finally, Zacks Investment Research lowered shares of Alliance Resource Partners, L.P. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th.

Alliance Resource Partners, L.P. (NASDAQ ARLP) traded up 1.64% during trading on Friday, hitting $18.60. 326,210 shares of the stock were exchanged. The stock’s 50-day moving average price is $19.68 and its 200-day moving average price is $21.64. Alliance Resource Partners, L.P. has a 12-month low of $18.15 and a 12-month high of $26.65.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) last posted its quarterly earnings results on Monday, July 31st. The energy company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.09. The business had revenue of $398.72 million during the quarter, compared to analyst estimates of $447.68 million. Alliance Resource Partners, L.P. had a net margin of 19.47% and a return on equity of 34.60%. The firm’s revenue was down 9.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 earnings per share. On average, equities research analysts forecast that Alliance Resource Partners, L.P. will post $2.89 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, August 7th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 10.75%. The ex-dividend date of this dividend is Thursday, August 3rd. This is a positive change from Alliance Resource Partners, L.P.’s previous quarterly dividend of $0.44. Alliance Resource Partners, L.P.’s dividend payout ratio (DPR) is presently 48.43%.

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In other Alliance Resource Partners, L.P. news, Director John P. Neafsey acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were purchased at an average price of $19.55 per share, with a total value of $195,500.00. Following the completion of the transaction, the director now owns 51,604 shares in the company, valued at $1,008,858.20. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 44.03% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in ARLP. IFP Advisors Inc raised its position in Alliance Resource Partners, L.P. by 0.9% in the first quarter. IFP Advisors Inc now owns 13,356 shares of the energy company’s stock worth $289,000 after buying an additional 119 shares in the last quarter. Sheaff Brock Investment Advisors LLC raised its position in Alliance Resource Partners, L.P. by 1.3% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 9,284 shares of the energy company’s stock worth $201,000 after buying an additional 120 shares in the last quarter. Algert Global LLC raised its position in Alliance Resource Partners, L.P. by 0.8% in the second quarter. Algert Global LLC now owns 59,305 shares of the energy company’s stock worth $1,121,000 after buying an additional 470 shares in the last quarter. Alliancebernstein L.P. raised its position in Alliance Resource Partners, L.P. by 5.9% in the second quarter. Alliancebernstein L.P. now owns 10,284 shares of the energy company’s stock worth $194,000 after buying an additional 576 shares in the last quarter. Finally, Global X Management Co. LLC raised its position in Alliance Resource Partners, L.P. by 3.8% in the first quarter. Global X Management Co. LLC now owns 15,801 shares of the energy company’s stock worth $342,000 after buying an additional 579 shares in the last quarter. 26.25% of the stock is currently owned by institutional investors.

Alliance Resource Partners, L.P. Company Profile

Alliance Resource Partners, L.P. is a producer and marketer of coal primarily to the United States utilities and industrial users. The Company operates through segments, including Illinois Basin, Appalachia, and Other and Corporate. The Illinois Basin segment consists of various operating segments, including Webster County Coal, LLC’s Dotiki mining complex, Gibson County Coal, LLC’s mining complex, which includes the Gibson North mine and Gibson South mine, Hopkins County Coal, LLC’s mining complex, which includes the Elk Creek mine, the Pleasant View surface mineable reserves and the Fies property, White County Coal, LLC’s, Pattiki mining complex, Warrior Coal, LLC’s mining complex, Sebree Mining, LLC’s mining complex, which includes the Onton mine and River View Coal, LLC mining complex.

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