Alliance Resource Partners, L.P. (NASDAQ:ARLP) – Seaport Global Securities decreased their Q2 2019 earnings per share (EPS) estimates for Alliance Resource Partners in a research note issued to investors on Monday, April 29th. Seaport Global Securities analyst M. Levin now anticipates that the energy company will post earnings per share of $0.74 for the quarter, down from their prior forecast of $0.75. Seaport Global Securities also issued estimates for Alliance Resource Partners’ Q3 2019 earnings at $0.67 EPS, Q4 2019 earnings at $0.65 EPS and FY2021 earnings at $1.98 EPS.
Other equities research analysts have also issued reports about the stock. BidaskClub lowered shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. ValuEngine upgraded Alliance Resource Partners from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. Finally, Zacks Investment Research lowered Alliance Resource Partners from a “hold” rating to a “sell” rating in a research note on Friday, April 12th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $21.50.
Shares of ARLP opened at $19.27 on Wednesday. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 7.90 and a beta of 1.01. The company has a quick ratio of 1.33, a current ratio of 1.51 and a debt-to-equity ratio of 0.48. Alliance Resource Partners has a 1-year low of $16.50 and a 1-year high of $20.99.
Alliance Resource Partners (NASDAQ:ARLP) last announced its earnings results on Monday, April 29th. The energy company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.34. The business had revenue of $526.60 million during the quarter, compared to analyst estimates of $523.00 million. Alliance Resource Partners had a net margin of 18.30% and a return on equity of 26.51%. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.16 EPS.
Large investors have recently bought and sold shares of the company. Dividend Assets Capital LLC increased its stake in shares of Alliance Resource Partners by 37.2% in the 4th quarter. Dividend Assets Capital LLC now owns 123,510 shares of the energy company’s stock worth $2,142,000 after purchasing an additional 33,510 shares in the last quarter. Castleark Management LLC purchased a new stake in shares of Alliance Resource Partners in the 4th quarter worth $1,411,000. First Trust Advisors LP purchased a new stake in shares of Alliance Resource Partners in the 4th quarter worth $389,000. Acima Private Wealth LLC purchased a new stake in shares of Alliance Resource Partners in the 4th quarter worth $69,000. Finally, Abacus Planning Group Inc. purchased a new stake in shares of Alliance Resource Partners in the 4th quarter worth $364,000. Hedge funds and other institutional investors own 26.60% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 8th will be paid a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 11.11%. This is a positive change from Alliance Resource Partners’s previous quarterly dividend of $0.53. The ex-dividend date is Tuesday, May 7th. Alliance Resource Partners’s dividend payout ratio is 86.89%.
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.