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

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

Alliance Resource Partners Price Performance

Shares of ARLP opened at $27.98 on Wednesday. The company has a quick ratio of 1.69, a current ratio of 2.36 and a debt-to-equity ratio of 0.24. Alliance Resource Partners has a fifty-two week low of $18.32 and a fifty-two week high of $30.56. The company has a market cap of $3.58 billion, a P/E ratio of 7.95 and a beta of 1.16. The firm’s 50 day moving average price is $26.98 and its 200 day moving average price is $25.61.

Alliance Resource Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 10.01%. The ex-dividend date of this dividend is Friday, February 7th. Alliance Resource Partners’s payout ratio is currently 79.55%.

Insiders Place Their Bets

In other Alliance Resource Partners news, SVP Timothy J. Whelan sold 10,000 shares of the business’s stock in a transaction that occurred on 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 owns 157,946 shares in the company, valued at $4,422,488. The trade was a 5.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 16.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ARLP shares. StockNews.com downgraded shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. Singular Research downgraded shares of Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, December 2nd. Finally, Benchmark reaffirmed a “buy” rating and set a $29.00 target price (up from $27.00) on shares of Alliance Resource Partners in a research note on Tuesday.

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.