Alliance Resource Partners (NASDAQ:ARLP) Sets New 12-Month High – Should You Buy?

Alliance Resource Partners, L.P. (NASDAQ:ARLP) hit a new 52-week high on Thursday . The stock traded as high as $28.80 and last traded at $28.8630, with a volume of 407796 shares traded. The stock had previously closed at $27.38.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ARLP. Weiss Ratings downgraded Alliance Resource Partners from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday. Zacks Research cut shares of Alliance Resource Partners from a “hold” rating to a “strong sell” rating in a report on Monday, January 5th. Benchmark reaffirmed a “buy” rating on shares of Alliance Resource Partners in a research report on Tuesday, February 3rd. Finally, Wall Street Zen cut shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Alliance Resource Partners presently has a consensus rating of “Hold” and a consensus price target of $29.50.

Alliance Resource Partners Trading Up 4.6%

The business’s 50-day moving average price is $25.60 and its 200-day moving average price is $24.57. The firm has a market capitalization of $3.68 billion, a PE ratio of 11.92 and a beta of 0.30. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.10 and a quick ratio of 1.41.

Alliance Resource Partners (NASDAQ:ARLP) last issued its quarterly earnings data on Monday, February 2nd. The energy company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate 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. As a group, analysts expect that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, February 6th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 8.4%. The ex-dividend date was Friday, February 6th. Alliance Resource Partners’s payout ratio is 100.00%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of ARLP. Royal Bank of Canada raised its stake in shares of Alliance Resource Partners by 7.0% during the first quarter. Royal Bank of Canada now owns 19,058 shares of the energy company’s stock worth $519,000 after purchasing an additional 1,254 shares during the last quarter. Geode Capital Management LLC increased its stake in Alliance Resource Partners by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 118,249 shares of the energy company’s stock valued at $3,091,000 after buying an additional 855 shares during the period. Traub Capital Management LLC acquired a new stake in shares of Alliance Resource Partners in the 2nd quarter worth $272,000. Horizon Kinetics Asset Management LLC boosted its holdings in shares of Alliance Resource Partners by 8.2% in the second quarter. Horizon Kinetics Asset Management LLC now owns 64,281 shares of the energy company’s stock valued at $1,680,000 after acquiring an additional 4,889 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC increased its stake in shares of Alliance Resource Partners by 1.2% during the second quarter. Jaffetilchin Investment Partners LLC now owns 33,488 shares of the energy company’s stock worth $875,000 after acquiring an additional 410 shares during the period. 18.11% of the stock is currently owned by hedge funds and other institutional investors.

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.