Alliance Resource Partners (NASDAQ:ARLP) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $24.22 and traded as high as $26.09. Alliance Resource Partners shares last traded at $25.90, with a volume of 384,887 shares traded.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Zacks Research lowered Alliance Resource Partners from a “hold” rating to a “strong sell” rating in a research note on Monday, January 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Alliance Resource Partners in a report on Monday, December 29th. Wall Street Zen downgraded Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Finally, Benchmark restated a “buy” rating on shares of Alliance Resource Partners in a research report on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Alliance Resource Partners currently has a consensus rating of “Hold” and a consensus target price of $29.50.

Alliance Resource Partners Price Performance

The firm has a market capitalization of $3.33 billion, a P/E ratio of 10.79 and a beta of 0.34. The firm has a 50 day moving average price of $24.26 and a 200-day moving average price of $24.22. The company has a current ratio of 1.90, a quick ratio of 1.39 and a debt-to-equity ratio of 0.24.

Alliance Resource Partners (NASDAQ:ARLP) last released its earnings results on Monday, February 2nd. The energy company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.14. Alliance Resource Partners had a return on equity of 18.50% and a net margin of 14.18%.The firm had revenue of $535.51 million for the quarter, compared to the consensus estimate of $556.82 million. On average, analysts expect that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current year.

Alliance Resource Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, February 6th were given a dividend of $0.60 per share. The ex-dividend date was Friday, February 6th. This represents a $2.40 dividend on an annualized basis and a yield of 9.3%. Alliance Resource Partners’s payout ratio is 100.00%.

Institutional Investors Weigh In On Alliance Resource Partners

Several institutional investors have recently made changes to their positions in ARLP. Parvin Asset Management LLC bought a new position in Alliance Resource Partners during the 2nd quarter valued at about $27,000. IFC & Insurance Marketing Inc. bought a new stake in Alliance Resource Partners in the fourth quarter worth about $35,000. Smartleaf Asset Management LLC purchased a new position in shares of Alliance Resource Partners during the fourth quarter valued at approximately $35,000. Sound Income Strategies LLC bought a new position in shares of Alliance Resource Partners during the fourth quarter valued at approximately $36,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Alliance Resource Partners by 135.0% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,523 shares of the energy company’s stock worth $39,000 after buying an additional 875 shares during the period. Institutional investors own 18.11% of the company’s stock.

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.