Alliance Resource Partners (NASDAQ:ARLP) Reaches New 52-Week High at $25.55

Alliance Resource Partners, L.P. (NASDAQ:ARLP)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $25.55 and last traded at $25.28, with a volume of 225457 shares. The stock had previously closed at $24.46.

Analyst Upgrades and Downgrades

Several research firms have commented on ARLP. Benchmark reiterated a “buy” rating and set a $25.00 price objective on shares of Alliance Resource Partners in a research note on Tuesday, April 30th. StockNews.com upgraded Alliance Resource Partners from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 30th.

Alliance Resource Partners Stock Down 0.7 %

The company has a quick ratio of 1.54, a current ratio of 2.08 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average price of $23.41 and a 200-day moving average price of $21.49. The firm has a market capitalization of $3.22 billion, a PE ratio of 5.51 and a beta of 1.15.

Alliance Resource Partners (NASDAQ:ARLP) last posted its quarterly earnings results on Monday, April 29th. The energy company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.28. Alliance Resource Partners had a return on equity of 31.68% and a net margin of 23.36%. The business had revenue of $651.70 million during the quarter, compared to analyst estimates of $625.32 million. During the same period in the prior year, the business earned $1.45 earnings per share. Equities research analysts forecast that Alliance Resource Partners, L.P. will post 3.72 earnings per share for the current fiscal year.

Alliance Resource Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 8th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 11.12%. The ex-dividend date of this dividend was Tuesday, May 7th. Alliance Resource Partners’s dividend payout ratio is presently 61.27%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Pathway Financial Advisers LLC acquired a new position in Alliance Resource Partners in the first quarter valued at approximately $54,000. Fairbanks Capital Management Inc. lifted its stake in Alliance Resource Partners by 1.3% during the first quarter. Fairbanks Capital Management Inc. now owns 290,149 shares of the energy company’s stock worth $5,817,000 after purchasing an additional 3,724 shares in the last quarter. Progeny 3 Inc. lifted its stake in Alliance Resource Partners by 5.1% during the first quarter. Progeny 3 Inc. now owns 2,732,061 shares of the energy company’s stock worth $54,778,000 after purchasing an additional 132,630 shares in the last quarter. Energy Income Partners LLC lifted its stake in Alliance Resource Partners by 32.9% during the first quarter. Energy Income Partners LLC now owns 156,734 shares of the energy company’s stock worth $3,143,000 after purchasing an additional 38,775 shares in the last quarter. Finally, Aristides Capital LLC purchased a new stake in shares of Alliance Resource Partners during the first quarter worth $254,000. 18.11% of the stock is currently owned by institutional investors and hedge funds.

Alliance Resource Partners Company Profile

Alliance Resource Partners, L.P., a diversified natural resource company, produces and markets coal primarily to utilities and industrial users in the United States. The company operates through four segments: Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties, and Coal Royalties.