Alliance Resource Partners (NASDAQ:ARLP) Releases Earnings Results, Misses Estimates By $0.03 EPS

Alliance Resource Partners (NASDAQ:ARLP) issued its earnings results on Monday. The energy company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.03), Zacks reports. The company had revenue of $540.47 million for the quarter, compared to analysts’ expectations of $556.31 million. Alliance Resource Partners had a return on equity of 19.09% and a net margin of 14.74%.

Alliance Resource Partners Trading Up 0.6 %

Shares of NASDAQ ARLP opened at $27.31 on Tuesday. The business has a fifty day moving average price of $26.20 and a 200 day moving average price of $26.54. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.36 and a quick ratio of 1.69. Alliance Resource Partners has a 1-year low of $21.55 and a 1-year high of $30.56. The stock has a market capitalization of $3.51 billion, a P/E ratio of 9.89 and a beta of 0.62.

Alliance Resource Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 8th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 10.25%. Alliance Resource Partners’s dividend payout ratio (DPR) is currently 101.45%.

Insider Buying and Selling at Alliance Resource Partners

In other Alliance Resource Partners news, SVP Timothy J. Whelan sold 50,000 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $25.13, for a total value of $1,256,500.00. Following the completion of the sale, the senior vice president now directly owns 93,850 shares in the company, valued at approximately $2,358,450.50. This trade represents a 34.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 16.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ARLP shares. Benchmark reissued a “buy” rating and issued a $29.00 price target (up from $27.00) on shares of Alliance Resource Partners in a research report on Tuesday, February 4th. StockNews.com cut Alliance Resource Partners from a “buy” rating to a “hold” rating in a research note on Saturday.

About Alliance Resource Partners

Alliance Resource Partners, L.P., a diversified natural resource company, produces and markets coal primarily to utilities and industrial users in the United States. The company operates through four segments: Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties, and Coal Royalties.