Alliance Resource Partners, L.P. (NASDAQ:ARLP) declared a quarterly dividend on Tuesday, January 28th, Wall Street Journal reports. Stockholders of record on Friday, February 7th will be given a dividend of 0.40 per share by the energy company on Friday, February 14th. This represents a $1.60 annualized dividend and a dividend yield of 16.75%. The ex-dividend date of this dividend is Thursday, February 6th.
Alliance Resource Partners has decreased its dividend payment by an average of 5.2% annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Alliance Resource Partners has a dividend payout ratio of 139.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Alliance Resource Partners to earn $1.04 per share next year, which means the company may not be able to cover its $1.60 annual dividend with an expected future payout ratio of 153.8%.
Shares of ARLP stock traded up $0.59 during trading on Wednesday, reaching $9.55. The company’s stock had a trading volume of 830,111 shares, compared to its average volume of 754,201. The business has a fifty day moving average price of $10.68 and a 200-day moving average price of $13.86. The company has a quick ratio of 0.73, a current ratio of 1.10 and a debt-to-equity ratio of 0.48. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 3.12 and a beta of 0.86. Alliance Resource Partners has a one year low of $8.44 and a one year high of $20.78.
Alliance Resource Partners (NASDAQ:ARLP) last announced its quarterly earnings data on Monday, January 27th. The energy company reported $0.20 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.20. The business had revenue of $453.30 million for the quarter, compared to analyst estimates of $463.00 million. Alliance Resource Partners had a net margin of 20.36% and a return on equity of 19.78%. The firm’s revenue for the quarter was down 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.63 earnings per share. Research analysts anticipate that Alliance Resource Partners will post 0.76 EPS for the current year.
A number of brokerages have recently commented on ARLP. Benchmark began coverage on shares of Alliance Resource Partners in a research report on Tuesday. They issued a “buy” rating on the stock. BidaskClub lowered shares of Alliance Resource Partners from a “sell” rating to a “strong sell” rating in a research report on Tuesday. B. Riley set a $20.00 price target on shares of Alliance Resource Partners and gave the stock a “hold” rating in a research report on Friday, October 25th. Finally, Zacks Investment Research lowered shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, December 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $20.75.
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.
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