Alliance Resource Partners, L.P. (NASDAQ:ARLP) – Equities research analysts at FBR & Co upped their FY2018 earnings per share estimates for Alliance Resource Partners, L.P. in a note issued to investors on Tuesday. FBR & Co analyst L. Pipes now forecasts that the energy company will earn $1.92 per share for the year, up from their previous estimate of $1.88. FBR & Co has a “Buy” rating and a $30.00 price target on the stock.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) last issued its quarterly earnings results on Monday, October 30th. The energy company reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.13). Alliance Resource Partners, L.P. had a net margin of 18.96% and a return on equity of 31.27%. The business had revenue of $453.19 million during the quarter, compared to the consensus estimate of $474.34 million. During the same quarter in the previous year, the business posted $0.91 EPS. The company’s revenue for the quarter was down 17.9% on a year-over-year basis. COPYRIGHT VIOLATION NOTICE: “FY2018 EPS Estimates for Alliance Resource Partners, L.P. Boosted by Analyst (ARLP)” was originally posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another website, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2017/11/02/fy2018-eps-estimates-for-alliance-resource-partners-l-p-boosted-by-analyst-arlp.html.

Several other research analysts have also recently weighed in on ARLP. BidaskClub cut shares of Alliance Resource Partners, L.P. from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. ValuEngine cut shares of Alliance Resource Partners, L.P. from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 3rd. Finally, Zacks Investment Research raised Alliance Resource Partners, L.P. from a “strong sell” rating to a “hold” rating in a research note on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $26.12.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Tuesday, November 7th will be paid a dividend of $0.505 per share. This is a boost from Alliance Resource Partners, L.P.’s previous quarterly dividend of $0.50. This represents a $2.02 dividend on an annualized basis and a dividend yield of 10.25%. The ex-dividend date of this dividend is Monday, November 6th. Alliance Resource Partners, L.P.’s dividend payout ratio (DPR) is 53.48%.

In related news, Director John P. Neafsey acquired 10,000 shares of Alliance Resource Partners, L.P. stock in a transaction dated Monday, August 7th. The shares were purchased at an average cost of $19.55 per share, with a total value of $195,500.00. Following the completion of the purchase, the director now owns 51,604 shares of the company’s stock, valued at $1,008,858.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. 44.03% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in shares of Alliance Resource Partners, L.P. by 959.6% during the second quarter. Principal Financial Group Inc. now owns 1,509,653 shares of the energy company’s stock worth $28,532,000 after purchasing an additional 1,367,177 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Alliance Resource Partners, L.P. during the second quarter worth about $7,600,000. Acadian Asset Management LLC boosted its holdings in shares of Alliance Resource Partners, L.P. by 27.2% during the second quarter. Acadian Asset Management LLC now owns 1,600,029 shares of the energy company’s stock worth $30,239,000 after purchasing an additional 341,842 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Alliance Resource Partners, L.P. by 26.3% during the second quarter. Goldman Sachs Group Inc. now owns 967,641 shares of the energy company’s stock worth $18,289,000 after purchasing an additional 201,213 shares during the period. Finally, Foundry Partners LLC purchased a new stake in shares of Alliance Resource Partners, L.P. during the second quarter worth about $3,689,000. 14.93% of the stock is currently owned by hedge funds and other institutional investors.

About Alliance Resource Partners, L.P.

Alliance Resource Partners, L.P. is a producer and marketer of coal primarily to the United States utilities and industrial users. The Company operates through segments, including Illinois Basin, Appalachia, and Other and Corporate. The Illinois Basin segment consists of various operating segments, including Webster County Coal, LLC’s Dotiki mining complex, Gibson County Coal, LLC’s mining complex, which includes the Gibson North mine and Gibson South mine, Hopkins County Coal, LLC’s mining complex, which includes the Elk Creek mine, the Pleasant View surface mineable reserves and the Fies property, White County Coal, LLC’s, Pattiki mining complex, Warrior Coal, LLC’s mining complex, Sebree Mining, LLC’s mining complex, which includes the Onton mine and River View Coal, LLC mining complex.

Earnings History and Estimates for Alliance Resource Partners, L.P. (NASDAQ:ARLP)

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