The price of Alliance Resource Partners L.P. (NASDAQ:ARLP) shares last traded on Wall Street fell -4.27% to $20.42.
Based on available information, 3 analysts follow Alliance Resource Partners L.P. (NASDAQ:ARLP). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $30.00 and a low of $28.00, we find $28.00. Given the previous closing price of $21.33, this indicates a potential upside of 31.27 percent. ARLP stock price is now -9.53% away from the 50-day moving average and -1.87% away from the 200-day moving average. The market capitalization of the company currently stands at $2.55B.
Among analysts, 0 rate the stock a hold while 3 rate it a buy. Brokers who have rated the stock have averaged $28.67 as their price target over the next twelve months.
With the price target of $22, Noble Capital Markets recently initiated with Outperform rating for Alliance Resource Partners L.P. (NASDAQ: ARLP)., while ‘JP Morgan’ rates the stock as ‘Neutral’.
In other news, ROBINSON JOHN H, Director sold 3,000 shares of the company’s stock on Jan 12. The stock was sold for $43,500 at an average price of $14.50. Upon completion of the transaction, the Director now directly owns 7,462 shares in the company, valued at $0.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 07, Director ROBINSON JOHN H sold 8,000 shares of the business’s stock. A total of $110,392 was realized by selling the stock at an average price of $13.80. This leaves the insider owning 10,462 shares of the company worth $0.21 million. Insiders disposed of 11,000 shares of company stock worth roughly $0.22 million over the past 1 year. A total of 16.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ARLP stock. A new stake in Alliance Resource Partners L.P. shares was purchased by WEISS MULTI-STRATEGY ADVISERS LLC during the first quarter worth $2,874,000. CITADEL ADVISORS LLC invested $2,291,000 in shares of ARLP during the first quarter. In the first quarter, DEUTSCHE BANK AG acquired a new stake in Alliance Resource Partners L.P. valued at approximately $1,460,000. NAVELLIER & ASSOCIATES INC acquired a new stake in ARLP for approximately $1,260,000. CUSHING ASSET MANAGEMENT, LP purchased a new stake in ARLP valued at around $1,150,000 in the second quarter. In total, there are 137 active investors with 26.30% ownership of the company’s stock.
A candlestick chart of Alliance Resource Partners L.P. (NASDAQ: ARLP) showed a price of $21.06 on Wednesday morning. During the past 12 months, Alliance Resource Partners L.P. has had a low of $11.86 and a high of $27.63. As of last week, the company has a debt-to-equity ratio of 0.29, a current ratio of 2.30, and a quick ratio of 1.90. The fifty day moving average price for ARLP is $22.57 and a two-hundred day moving average price translates $20.81 for the stock.
The latest earnings results from Alliance Resource Partners L.P. (NASDAQ: ARLP) was released for Jun, 2022. According to the Thermal Coal Company, earnings per share came in at $1.23, beating analysts’ expectations of $0.95 by 0.28. This compares to $0.45 EPS in the same period last year. The net profit margin was 17.70% and return on equity was 29.50% for ARLP. The company reported revenue of $628.42 million for the quarter, compared to $415.44 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 51.27 percent. For the current quarter, analysts expect ARLP to generate $668.32M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/14/2022. Investors who held shares on 11/07/2022 were paid a $0.50 dividend. On an annualized basis, this represents a $2.00 dividend and a 9.79% percent yield. There was an ex-dividend date of 11/04/2022 for this dividend. In terms of dividend payout ratio, ARLP is presently at 41.20%.
Alliance Resource Partners L.P.(ARLP) Company Profile
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. It produces a range of thermal and metallurgical coal with sulfur and heat contents. The company operates seven underground mining complexes in Illinois, Indiana, Kentucky, Maryland, Pennsylvania, and West Virginia. In addition, it leases land and operates a coal loading terminal on the Ohio River at Mt. Vernon, Indiana; and buys and resells coal, as well as owns mineral and royalty interests in approximately 1.5 million gross acres of oil and gas producing regions primarily in the Permian, Anadarko, and Williston Basins. Further, the company offers various mining technology products and services, including data network, communication and tracking systems, mining proximity detection systems, industrial collision avoidance systems, and data and analytics software. As of December 31, 2021, it had approximately 547.1 million tons of proven and probable coal mineral reserves, as well as 1.17 billion tons of measured, indicated, and inferred coal mineral resources in Illinois, Indiana, Kentucky, Maryland, Pennsylvania, and West Virginia. The company was founded in 1971 and is headquartered in Tulsa, Oklahoma.