Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) have received an average recommendation of “Buy” from the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $25.92.

Several research analysts have issued reports on the stock. Stifel Nicolaus lowered their price objective on shares of Alliance Resource Partners, L.P. from $22.00 to $21.00 and set a “hold” rating on the stock in a research report on Wednesday, November 15th. B. Riley reissued a “buy” rating on shares of Alliance Resource Partners, L.P. in a research report on Wednesday, November 1st. Zacks Investment Research raised shares of Alliance Resource Partners, L.P. from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. FBR & Co set a $30.00 price objective on shares of Alliance Resource Partners, L.P. and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Finally, ValuEngine raised shares of Alliance Resource Partners, L.P. from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd.

Shares of Alliance Resource Partners, L.P. (ARLP) traded up $0.05 during trading on Monday, reaching $18.85. 130,200 shares of the company’s stock traded hands, compared to its average volume of 309,695. Alliance Resource Partners, L.P. has a 52 week low of $17.65 and a 52 week high of $25.95. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.82 and a quick ratio of 0.53. The stock has a market cap of $2,410.00, a P/E ratio of 4.95 and a beta of 0.78.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) last issued its quarterly earnings data on Monday, October 30th. The energy company reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.13). Alliance Resource Partners, L.P. had a return on equity of 31.11% and a net margin of 18.96%. The business had revenue of $453.19 million for the quarter, compared to analysts’ expectations of $474.34 million. During the same period in the previous year, the business posted $0.91 earnings per share. The company’s revenue for the quarter was down 17.9% on a year-over-year basis. sell-side analysts anticipate that Alliance Resource Partners, L.P. will post 3.06 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Tuesday, November 7th were paid a $0.505 dividend. This represents a $2.02 annualized dividend and a dividend yield of 10.72%. The ex-dividend date of this dividend was Monday, November 6th. This is a boost from Alliance Resource Partners, L.P.’s previous quarterly dividend of $0.50. Alliance Resource Partners, L.P.’s dividend payout ratio (DPR) is 52.60%.

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Hedge funds have recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Alliance Resource Partners, L.P. in the 3rd quarter worth $193,000. Alliancebernstein L.P. lifted its stake in shares of Alliance Resource Partners, L.P. by 5.9% in the 2nd quarter. Alliancebernstein L.P. now owns 10,284 shares of the energy company’s stock worth $194,000 after acquiring an additional 576 shares during the period. Stifel Financial Corp acquired a new stake in shares of Alliance Resource Partners, L.P. in the 3rd quarter worth $196,000. Sheaff Brock Investment Advisors LLC acquired a new stake in shares of Alliance Resource Partners, L.P. in the 3rd quarter worth $219,000. Finally, Wedbush Securities Inc. acquired a new stake in shares of Alliance Resource Partners, L.P. in the 3rd quarter worth $222,000. Institutional investors own 14.37% of the company’s stock.

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.

Analyst Recommendations for Alliance Resource Partners, L.P. (NASDAQ:ARLP)

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