Alliance Resource Partners, L.P. (NASDAQ:ARLP) – Investment analysts at B. Riley increased their Q2 2019 EPS estimates for shares of Alliance Resource Partners in a research note issued on Wednesday, June 12th. B. Riley analyst L. Pipes now anticipates that the energy company will post earnings per share of $0.65 for the quarter, up from their previous forecast of $0.62. B. Riley also issued estimates for Alliance Resource Partners’ Q3 2019 earnings at $0.66 EPS, FY2020 earnings at $1.60 EPS and FY2021 earnings at $1.53 EPS.
Alliance Resource Partners (NASDAQ:ARLP) last issued its earnings results on Monday, April 29th. The energy company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.34. The company had revenue of $526.60 million for the quarter, compared to analyst estimates of $523.00 million. Alliance Resource Partners had a net margin of 23.51% and a return on equity of 30.52%. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.16 EPS.
Several other research analysts have also weighed in on the stock. ValuEngine raised shares of Alliance Resource Partners from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. BidaskClub raised shares of Alliance Resource Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, March 6th.
Shares of NASDAQ ARLP opened at $16.95 on Friday. Alliance Resource Partners has a 1 year low of $16.50 and a 1 year high of $20.99. The stock has a market capitalization of $2.16 billion, a PE ratio of 6.95 and a beta of 0.98. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.70 and a current ratio of 0.94.
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 dividend of $0.535 per share. This is a positive change from Alliance Resource Partners’s previous quarterly dividend of $0.53. The ex-dividend date was Tuesday, May 7th. This represents a $2.14 annualized dividend and a yield of 12.63%. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 87.70%.
A number of institutional investors have recently added to or reduced their stakes in the stock. Energy Income Partners LLC boosted its stake in Alliance Resource Partners by 3.9% during the 4th quarter. Energy Income Partners LLC now owns 5,764,835 shares of the energy company’s stock worth $99,963,000 after acquiring an additional 217,096 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Alliance Resource Partners by 18.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,054,712 shares of the energy company’s stock worth $102,914,000 after acquiring an additional 790,511 shares during the last quarter. Magnolia Group LLC boosted its stake in Alliance Resource Partners by 5.0% during the 1st quarter. Magnolia Group LLC now owns 2,603,108 shares of the energy company’s stock worth $52,999,000 after acquiring an additional 124,588 shares during the last quarter. BOKF NA boosted its stake in Alliance Resource Partners by 7,304.2% during the 4th quarter. BOKF NA now owns 2,052,364 shares of the energy company’s stock worth $35,588,000 after acquiring an additional 2,024,645 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Alliance Resource Partners by 86.9% during the 1st quarter. Renaissance Technologies LLC now owns 392,243 shares of the energy company’s stock worth $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.
About Alliance Resource Partners
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.
Recommended Story: How to identify percentage decliners
Receive News & Ratings for Alliance Resource Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliance Resource Partners and related companies with MarketBeat.com's FREE daily email newsletter.