Alliance Resource Partners (NASDAQ:ARLP) Reaches New 12-Month High – Time to Buy?

Alliance Resource Partners, L.P. (NASDAQ:ARLP) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $26.25 and last traded at $26.17, with a volume of 164486 shares. The stock had previously closed at $25.63.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on ARLP shares. Benchmark increased their target price on Alliance Resource Partners from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday. StockNews.com lowered shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 31st.

Alliance Resource Partners Stock Up 2.0 %

The company has a fifty day moving average of $24.43 and a two-hundred day moving average of $23.90. The company has a market cap of $3.35 billion, a PE ratio of 7.28 and a beta of 1.13. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.80 and a current ratio of 2.53.

Alliance Resource Partners (NASDAQ:ARLP) last issued its quarterly earnings data on Monday, October 28th. The energy company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.16). The business had revenue of $613.57 million during the quarter, compared to the consensus estimate of $646.17 million. Alliance Resource Partners had a return on equity of 27.54% and a net margin of 21.04%. During the same period last year, the firm earned $1.18 EPS. As a group, analysts anticipate that Alliance Resource Partners, L.P. will post 3.56 earnings per share for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, November 7th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 10.71%. The ex-dividend date of this dividend is Thursday, November 7th. Alliance Resource Partners’s dividend payout ratio (DPR) is 79.55%.

Institutional Trading of Alliance Resource Partners

Institutional investors and hedge funds have recently modified their holdings of the stock. Prevail Innovative Wealth Advisors LLC acquired a new stake in shares of Alliance Resource Partners during the 1st quarter worth about $3,566,000. Creative Planning increased its stake in Alliance Resource Partners by 89.8% in the second quarter. Creative Planning now owns 72,099 shares of the energy company’s stock valued at $1,764,000 after purchasing an additional 34,106 shares during the period. Pathway Financial Advisers LLC grew its stake in shares of Alliance Resource Partners by 2,400.0% in the 3rd quarter. Pathway Financial Advisers LLC now owns 67,675 shares of the energy company’s stock valued at $1,692,000 after purchasing an additional 64,968 shares during the last quarter. Commonwealth Equity Services LLC raised its position in Alliance Resource Partners by 36.5% during the 1st quarter. Commonwealth Equity Services LLC now owns 53,357 shares of the energy company’s stock worth $1,070,000 after buying an additional 14,255 shares during the last quarter. Finally, J.W. Cole Advisors Inc. lifted its position in Alliance Resource Partners by 18.4% in the first quarter. J.W. Cole Advisors Inc. now owns 20,102 shares of the energy company’s stock valued at $403,000 after purchasing an additional 3,131 shares during the period. Hedge funds and other institutional investors own 18.11% of the company’s stock.

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.