Alliance Resource Partners (NASDAQ:ARLP) Releases Quarterly Earnings Results, Misses Estimates By $0.38 EPS

Alliance Resource Partners (NASDAQ:ARLP) announced its quarterly earnings results on Monday. The energy company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.38), Zacks reports. Alliance Resource Partners had a net margin of 18.52% and a return on equity of 23.74%.

Alliance Resource Partners Stock Down 3.8 %

ARLP stock opened at $27.60 on Tuesday. Alliance Resource Partners has a 12-month low of $18.32 and a 12-month high of $30.56. The company has a quick ratio of 1.69, a current ratio of 2.36 and a debt-to-equity ratio of 0.24. The company has a market cap of $3.53 billion, a price-to-earnings ratio of 7.84 and a beta of 1.17. The company has a 50 day moving average of $26.99 and a two-hundred day moving average of $25.59.

Alliance Resource Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 10.14%. The ex-dividend date is Friday, February 7th. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 79.55%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Singular Research lowered shares of Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, December 2nd. StockNews.com cut Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. Finally, Benchmark raised their price target on Alliance Resource Partners from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th.

Insider Activity at Alliance Resource Partners

In related news, SVP Timothy J. Whelan sold 10,000 shares of Alliance Resource Partners stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $28.00, for a total transaction of $280,000.00. Following the completion of the transaction, the senior vice president now directly owns 157,946 shares of the company’s stock, valued at $4,422,488. This trade represents a 5.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 16.80% of the stock is currently owned by company insiders.

About Alliance Resource Partners

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.