Alliance Resource Partners (NASDAQ:ARLP) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Alliance Resource Partners (NASDAQ:ARLP) from a hold rating to a buy rating in a research note released on Saturday morning.

ARLP has been the subject of several other reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Alliance Resource Partners in a report on Wednesday, October 8th. Alliance Global Partners initiated coverage on Alliance Resource Partners in a report on Wednesday, September 24th. They issued a “buy” rating for the company. Industrial Alliance Securities set a $30.00 price objective on Alliance Resource Partners in a report on Wednesday, September 24th. Finally, Benchmark restated a “buy” rating on shares of Alliance Resource Partners in a report on Tuesday, October 28th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $29.50.

Alliance Resource Partners Stock Up 2.0%

Shares of NASDAQ:ARLP opened at $24.95 on Friday. The company has a fifty day moving average of $24.02 and a 200-day moving average of $25.42. The company has a market capitalization of $3.20 billion, a PE ratio of 13.27 and a beta of 0.51. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.37 and a current ratio of 1.96. Alliance Resource Partners has a 52-week low of $22.20 and a 52-week high of $30.56.

Alliance Resource Partners (NASDAQ:ARLP) last announced its quarterly earnings results on Monday, October 27th. The energy company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.03. The company had revenue of $571.40 million during the quarter, compared to the consensus estimate of $567.03 million. Alliance Resource Partners had a net margin of 10.88% and a return on equity of 14.75%. On average, equities analysts predict that Alliance Resource Partners will post 2.72 EPS for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, November 7th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $2.40 dividend on an annualized basis and a yield of 9.6%. Alliance Resource Partners’s dividend payout ratio is 127.66%.

Institutional Trading of Alliance Resource Partners

A number of large investors have recently bought and sold shares of the business. Disciplined Investments LLC grew its holdings in Alliance Resource Partners by 2.4% during the 3rd quarter. Disciplined Investments LLC now owns 64,640 shares of the energy company’s stock worth $1,634,000 after acquiring an additional 1,491 shares during the period. Jackson Hole Capital Partners LLC grew its holdings in Alliance Resource Partners by 0.8% during the 3rd quarter. Jackson Hole Capital Partners LLC now owns 2,117,392 shares of the energy company’s stock worth $53,538,000 after acquiring an additional 17,603 shares during the period. Concurrent Investment Advisors LLC grew its holdings in Alliance Resource Partners by 13.3% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 34,530 shares of the energy company’s stock worth $873,000 after acquiring an additional 4,054 shares during the period. MGO One Seven LLC grew its holdings in Alliance Resource Partners by 4.5% during the 3rd quarter. MGO One Seven LLC now owns 263,156 shares of the energy company’s stock worth $6,654,000 after acquiring an additional 11,451 shares during the period. Finally, BCS Wealth Management grew its holdings in Alliance Resource Partners by 2.1% during the 3rd quarter. BCS Wealth Management now owns 25,747 shares of the energy company’s stock worth $651,000 after acquiring an additional 519 shares during the period. 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.