Alliance Resource Partners (NASDAQ:ARLP) Lowered to Hold Rating by Wall Street Zen

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

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

Alliance Resource Partners Price Performance

NASDAQ:ARLP opened at $28.17 on Friday. The stock has a 50 day moving average of $26.51 and a two-hundred day moving average of $25.02. The company has a current ratio of 2.10, a quick ratio of 1.41 and a debt-to-equity ratio of 0.23. The firm has a market cap of $3.62 billion, a P/E ratio of 11.74 and a beta of 0.31. Alliance Resource Partners has a 12 month low of $22.20 and a 12 month high of $29.45.

Alliance Resource Partners (NASDAQ:ARLP) last issued 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. Alliance Resource Partners had a net margin of 14.18% and a return on equity of 18.41%. The company 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 will post 2.72 earnings per share for the current fiscal year.

Alliance Resource Partners Announces Dividend

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

Hedge Funds Weigh In On Alliance Resource Partners

Hedge funds have recently made changes to their positions in the stock. Jaffetilchin Investment Partners LLC increased its holdings in Alliance Resource Partners by 1.3% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 33,951 shares of the energy company’s stock valued at $789,000 after purchasing an additional 442 shares during the last quarter. HUB Investment Partners LLC lifted its stake in Alliance Resource Partners by 4.0% during the second quarter. HUB Investment Partners LLC now owns 13,094 shares of the energy company’s stock worth $342,000 after purchasing an additional 499 shares in the last quarter. BCS Wealth Management boosted its position in shares of Alliance Resource Partners by 2.1% during the third quarter. BCS Wealth Management now owns 25,747 shares of the energy company’s stock worth $651,000 after buying an additional 519 shares during the period. US Bancorp DE grew its stake in shares of Alliance Resource Partners by 28.5% in the third quarter. US Bancorp DE now owns 2,570 shares of the energy company’s stock valued at $65,000 after buying an additional 570 shares in the last quarter. Finally, AlphaCore Capital LLC grew its stake in shares of Alliance Resource Partners by 2.4% in the third quarter. AlphaCore Capital LLC now owns 26,560 shares of the energy company’s stock valued at $672,000 after buying an additional 613 shares in the last quarter. Hedge funds and other 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.