Alliance Resource Partners (NASDAQ:ARLP) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Alliance Resource Partners, L.P. (NASDAQ:ARLP)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $25.29 and traded as high as $25.53. Alliance Resource Partners shares last traded at $25.32, with a volume of 360,967 shares traded.

Wall Street Analyst Weigh In

Several analysts have issued reports on ARLP shares. Benchmark restated a “buy” rating on shares of Alliance Resource Partners in a research note on Tuesday, February 3rd. Weiss Ratings downgraded Alliance Resource Partners from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, March 16th. Zacks Research raised Alliance Resource Partners from a “strong sell” rating to a “hold” rating in a research report on Friday, April 24th. Finally, Wall Street Zen downgraded shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $30.00.

Alliance Resource Partners Stock Performance

The company has a market capitalization of $3.26 billion, a price-to-earnings ratio of 13.33 and a beta of 0.26. The stock has a 50 day simple moving average of $26.26 and a 200 day simple moving average of $25.29. The company has a quick ratio of 0.95, a current ratio of 1.46 and a debt-to-equity ratio of 0.24.

Alliance Resource Partners (NASDAQ:ARLP) last announced its quarterly earnings results on Monday, April 27th. The energy company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.28). The company had revenue of $516.02 million for the quarter, compared to analyst estimates of $518.24 million. Alliance Resource Partners had a return on equity of 16.87% and a net margin of 11.35%. As a group, analysts anticipate that Alliance Resource Partners, L.P. will post 2.45 earnings per share for the current fiscal year.

Alliance Resource Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 8th were given a $0.60 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $2.40 annualized dividend and a yield of 9.5%. Alliance Resource Partners’s dividend payout ratio (DPR) is currently 126.32%.

Hedge Funds Weigh In On Alliance Resource Partners

Several hedge funds and other institutional investors have recently modified their holdings of the company. Summit Securities Group LLC bought a new position in shares of Alliance Resource Partners during the first quarter worth about $28,000. IFC & Insurance Marketing Inc. acquired a new position in Alliance Resource Partners during the 4th quarter valued at about $35,000. Smartleaf Asset Management LLC acquired a new position in Alliance Resource Partners during the 4th quarter valued at about $35,000. Sound Income Strategies LLC bought a new position in Alliance Resource Partners in the 4th quarter worth about $36,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in Alliance Resource Partners by 135.0% in the 3rd 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 during the last quarter. Institutional investors and hedge funds own 18.11% of the company’s stock.

Alliance Resource Partners Company Profile

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.