Alliance Resource Partners (NASDAQ:ARLP) Stock Passes Above 200-Day Moving Average – Here’s Why

Alliance Resource Partners, L.P. (NASDAQ:ARLP) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $24.25 and traded as high as $26.66. Alliance Resource Partners shares last traded at $26.49, with a volume of 312,288 shares traded.

Wall Street Analyst Weigh In

ARLP has been the topic of several recent analyst reports. Benchmark reiterated a “buy” rating on shares of Alliance Resource Partners in a report on Tuesday, February 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Alliance Resource Partners in a research note on Monday, December 29th. Wall Street Zen lowered shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. Finally, Zacks Research downgraded shares of Alliance Resource Partners from a “hold” rating to a “strong sell” rating in a research note on Monday, January 5th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $29.50.

Alliance Resource Partners Stock Down 0.3%

The firm has a market capitalization of $3.40 billion, a PE ratio of 11.04 and a beta of 0.34. The company has a fifty day simple moving average of $24.62 and a two-hundred day simple moving average of $24.25. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.39 and a current ratio of 1.90.

Alliance Resource Partners (NASDAQ:ARLP) last announced its quarterly earnings results on Monday, February 2nd. The energy company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.61 by $0.14. Alliance Resource Partners had a return on equity of 18.50% and a net margin of 14.18%.The firm had revenue of $535.51 million for the quarter, compared to analyst estimates of $556.82 million. Analysts forecast that Alliance Resource Partners, L.P. will post 2.72 EPS for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, February 6th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 9.1%. The ex-dividend date of this dividend was Friday, February 6th. Alliance Resource Partners’s dividend payout ratio is presently 100.00%.

Hedge Funds Weigh In On Alliance Resource Partners

Large investors have recently bought and sold shares of the business. Parvin Asset Management LLC bought a new stake in Alliance Resource Partners during the 2nd quarter valued at $27,000. Sound Income Strategies LLC purchased a new stake in shares of Alliance Resource Partners during the 4th quarter worth $36,000. IFC & Insurance Marketing Inc. bought a new stake in Alliance Resource Partners during the fourth quarter valued at about $35,000. Smartleaf Asset Management LLC purchased a new position in Alliance Resource Partners in the fourth quarter valued at about $35,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Alliance Resource Partners by 135.0% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,523 shares of the energy company’s stock worth $39,000 after purchasing an additional 875 shares in the last quarter. Institutional investors own 18.11% of the company’s stock.

About Alliance Resource Partners

Alliance Resource Partners, L.P. (NASDAQ: ARLP) is a Tulsa, Oklahoma–based master limited partnership engaged in the production, marketing and transportation of bituminous coal. Through its subsidiaries, the company develops, owns and operates surface and underground coal mines, providing fuel primarily for electric power generation and various industrial applications. Alliance’s integrated business model covers the extraction of raw coal, processing at preparation plants and delivery to domestic and export customers.

The partnership operates multiple mining complexes across Illinois, Indiana, Kentucky and West Virginia.