Alliance Resource Partners, L.P. (NASDAQ:ARLP) was the recipient of a large decline in short interest in October. As of October 31st, there was short interest totalling 542,207 shares, a decline of 28.7% from the October 14th total of 760,637 shares. Currently, 1.3% of the company’s stock are sold short. Based on an average daily volume of 302,203 shares, the days-to-cover ratio is currently 1.8 days.

Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) opened at 24.60 on Monday. Alliance Resource Partners, L.P. has a 12-month low of $9.95 and a 12-month high of $26.65. The stock has a 50 day moving average price of $0.00 and a 200 day moving average price of $0.00.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) last released its quarterly earnings data on Friday, October 28th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.73 by $0.18. The company earned $552.10 million during the quarter, compared to analysts’ expectations of $488.49 million. During the same period last year, the business earned $0.61 earnings per share. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. Equities analysts anticipate that Alliance Resource Partners, L.P. will post $2.85 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 14th. Shareholders of record on Monday, November 7th will be given a $0.4375 dividend. This represents a $1.75 annualized dividend and a yield of 7.11%. The ex-dividend date is Thursday, November 3rd.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ARLP. Energy Income Partners LLC raised its position in Alliance Resource Partners, L.P. by 13.2% in the first quarter. Energy Income Partners LLC now owns 5,208,568 shares of the company’s stock valued at $60,680,000 after buying an additional 605,331 shares during the period. Lucus Advisors LLC acquired a new stake in shares of Alliance Resource Partners, L.P. during the second quarter valued at $343,000. HL Financial Services LLC acquired a new stake in shares of Alliance Resource Partners, L.P. during the second quarter valued at $164,000. Babson Capital Management LLC increased its stake in shares of Alliance Resource Partners, L.P. by 121.0% in the first quarter. Babson Capital Management LLC now owns 89,864 shares of the company’s stock valued at $1,047,000 after buying an additional 49,200 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Alliance Resource Partners, L.P. by 72.9% in the second quarter. JPMorgan Chase & Co. now owns 788,315 shares of the company’s stock valued at $12,424,000 after buying an additional 332,460 shares in the last quarter.

Several research analysts recently commented on ARLP shares. Zacks Investment Research cut Alliance Resource Partners, L.P. from a “buy” rating to a “hold” rating in a research note on Monday, October 3rd. FBR & Co boosted their target price on Alliance Resource Partners, L.P. from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 1st. TheStreet raised Alliance Resource Partners, L.P. from a “hold” rating to a “buy” rating in a research report on Friday, October 28th. Finally, Seaport Global Securities initiated coverage on Alliance Resource Partners, L.P. in a research report on Monday, October 31st. They set a “buy” rating and a $29.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Alliance Resource Partners, L.P. presently has an average rating of “Buy” and a consensus price target of $23.50.

About Alliance Resource Partners, L.P.

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. It operates over 10 underground mining complexes in Illinois, Indiana, Kentucky, Maryland and West Virginia.

5 Day Chart for NASDAQ:ARLP

Receive News & Stock Ratings for Alliance Resource Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliance Resource Partners L.P. and related stocks with our FREE daily email newsletter.