Alliance Resource Partners (NASDAQ:ARLP – Get Free Report) released its quarterly earnings data on Monday. The energy company reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.05), FiscalAI reports. The company had revenue of $551.56 million during the quarter, compared to the consensus estimate of $554.30 million. Alliance Resource Partners had a net margin of 11.35% and a return on equity of 16.87%.
Alliance Resource Partners Stock Performance
ARLP opened at $24.71 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.46 and a quick ratio of 0.95. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of 13.01 and a beta of 0.23. The business has a 50 day simple moving average of $24.68 and a two-hundred day simple moving average of $25.50. Alliance Resource Partners has a one year low of $22.20 and a one year high of $29.45.
Institutional Trading of Alliance Resource Partners
Institutional investors and hedge funds have recently bought and sold shares of the stock. Morgan Stanley raised its stake in Alliance Resource Partners by 95.4% in the fourth quarter. Morgan Stanley now owns 3,363,174 shares of the energy company’s stock valued at $78,127,000 after buying an additional 1,641,741 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of Alliance Resource Partners by 1,636.3% in the third quarter. Mercer Global Advisors Inc. ADV now owns 268,637 shares of the energy company’s stock valued at $6,792,000 after purchasing an additional 253,165 shares during the period. UBS Group AG boosted its position in Alliance Resource Partners by 383.5% in the third quarter. UBS Group AG now owns 269,165 shares of the energy company’s stock valued at $6,806,000 after buying an additional 213,496 shares during the last quarter. Progeny 3 Inc. boosted its holdings in shares of Alliance Resource Partners by 6.9% in the 3rd quarter. Progeny 3 Inc. now owns 3,274,381 shares of the energy company’s stock valued at $82,793,000 after acquiring an additional 211,400 shares during the last quarter. Finally, Orvieto Partners L.P. purchased a new stake in Alliance Resource Partners in the fourth quarter valued at $3,230,000. 18.11% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
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.
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