Alliance Resource Reaches New 12-Month High at $81.00 (ARLP)
Alliance Resource (NASDAQ:ARLP)’s share price reached a new 52-week high on Tuesday, American Banking & Market News reports. The company traded as high as $81.00 and last traded at $80.32, with a volume of 103,812 shares traded. The stock had previously closed at $77.78.
Alliance Resource has a one year low of $59.38 and a one year high of $78.99. The stock’s 50-day moving average is $76.12 and its 200-day moving average is $75.5. The company has a market cap of $2.963 billion and a P/E ratio of 10.68.
Alliance Resource (NASDAQ:ARLP) last posted its quarterly earnings results on Monday, January 27th. The company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.27. The company had revenue of $566.70 million for the quarter, compared to the consensus estimate of $543.94 million. During the same quarter in the previous year, the company posted $1.87 earnings per share. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, analysts predict that Alliance Resource will post $6.98 earnings per share for the current fiscal year.
Alliance Resource Partners, L.P. (NASDAQ:ARLP) is a producer and marketer of coal primarily to the United States utilities and industrial users.
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