Alliance Resource Partners, L.P. (NASDAQ:ARLP) – Equities research analysts at B. Riley cut their Q4 2019 earnings per share estimates for Alliance Resource Partners in a report released on Wednesday, June 12th. B. Riley analyst L. Pipes now expects that the energy company will post earnings of $0.60 per share for the quarter, down from their prior estimate of $0.65.
Alliance Resource Partners (NASDAQ:ARLP) last announced its earnings results on Monday, April 29th. The energy company reported $1.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.34. Alliance Resource Partners had a net margin of 23.51% and a return on equity of 30.52%. The company had revenue of $526.60 million for the quarter, compared to analysts’ expectations of $523.00 million. During the same period last year, the firm earned $1.16 earnings per share. The business’s revenue for the quarter was up 15.2% on a year-over-year basis.
Several other brokerages have also recently commented on ARLP. BidaskClub raised shares of Alliance Resource Partners from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 13th. ValuEngine raised shares of Alliance Resource Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. Finally, Zacks Investment Research raised shares of Alliance Resource Partners from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Friday, May 3rd.
Shares of ARLP opened at $16.85 on Thursday. Alliance Resource Partners has a 12 month low of $16.50 and a 12 month high of $20.99. The company has a market cap of $2.22 billion, a PE ratio of 5.95 and a beta of 0.98. The company has a current ratio of 0.94, a quick ratio of 0.70 and a debt-to-equity ratio of 0.32.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 8th were paid a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a yield of 12.70%. This is a boost from Alliance Resource Partners’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Tuesday, May 7th. Alliance Resource Partners’s dividend payout ratio (DPR) is 87.70%.
A number of large investors have recently made changes to their positions in ARLP. BOKF NA increased its stake in Alliance Resource Partners by 7,304.2% in the fourth quarter. BOKF NA now owns 2,052,364 shares of the energy company’s stock valued at $35,588,000 after acquiring an additional 2,024,645 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Alliance Resource Partners by 18.5% in the first quarter. Goldman Sachs Group Inc. now owns 5,054,712 shares of the energy company’s stock valued at $102,914,000 after acquiring an additional 790,511 shares during the last quarter. Hartz Capital Inc. bought a new position in Alliance Resource Partners in the first quarter valued at approximately $7,919,000. Energy Income Partners LLC increased its stake in Alliance Resource Partners by 3.9% in the fourth quarter. Energy Income Partners LLC now owns 5,764,835 shares of the energy company’s stock valued at $99,963,000 after acquiring an additional 217,096 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Alliance Resource Partners by 86.9% in the first quarter. Renaissance Technologies LLC now owns 392,243 shares of the energy company’s stock valued at $7,986,000 after acquiring an additional 182,400 shares during the last quarter. 25.00% of the stock is currently owned by institutional investors and hedge funds.
Alliance Resource Partners Company Profile
Alliance Resource Partners, L.P. produces and markets coal primarily to utilities and industrial users in the United States. The company operates through two segments, Illinois Basin and Appalachia. It produces a range of steam and metallurgical coal with sulfur and heat contents. The company operates eight underground mining complexes in Illinois, Indiana, Kentucky, Maryland, and West Virginia.
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