In yesterday’s Wall Street session, Alliance Resource Partners L.P. (NASDAQ:ARLP) shares traded at $20.02, down -2.15% from the previous session.
As of this writing, 3 analysts cover 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 $32.00 and a low of $28.00, we find $28.00. Given the previous closing price of $20.46, this indicates a potential upside of 36.85 percent. ARLP stock price is now -4.36% away from the 50-day moving average and -8.28% away from the 200-day moving average. The market capitalization of the company currently stands at $2.51B.
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There are 0 analysts who have given it a hold rating, whereas 3 have given it a buy rating. Brokers who have rated the stock have averaged $29.33 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’.
Insiders disposed of 836,994 shares of company stock worth roughly $16.76 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 FIRST TRUST ADVISORS LP during the first quarter worth $2,474,000. GRANBY CAPITAL MANAGEMENT, LLC invested $1,702,000 in shares of ARLP during the first quarter. In the first quarter, CAPTION MANAGEMENT, LLC acquired a new stake in Alliance Resource Partners L.P. valued at approximately $877,000. CAMBRIDGE INVESTMENT RESEARCH ADVISORS, INC. acquired a new stake in ARLP for approximately $776,000. CATALYST CAPITAL ADVISORS LLC purchased a new stake in ARLP valued at around $609,000 in the second quarter. In total, there are 141 active investors with 26.30% ownership of the company’s stock.
Wednesday morning saw Alliance Resource Partners L.P. (NASDAQ: ARLP) opened at $20.46. During the past 12 months, Alliance Resource Partners L.P. has had a low of $13.45 and a high of $27.63. As of last week, the company has a debt-to-equity ratio of 0.26, a current ratio of 2.60, and a quick ratio of 2.30. The fifty day moving average price for ARLP is $20.90 and a two-hundred day moving average price translates $21.83 for the stock.
The latest earnings results from Alliance Resource Partners L.P. (NASDAQ: ARLP) was released for Dec, 2022. According to the Thermal Coal Company, earnings per share came in at $1.63, beating analysts’ expectations of $1.42 by 0.21. This compares to $0.41 EPS in the same period last year. The net profit margin was 23.20% and return on equity was 39.60% for ARLP. The company reported revenue of $700.73 million for the quarter, compared to $473.47 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 48.0 percent. For the current quarter, analysts expect ARLP to generate $680.34M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 02/14/2023. Investors who held shares on 02/07/2023 were paid a $0.70 dividend. On an annualized basis, this represents a $2.80 dividend and a 13.99% percent yield. There was an ex-dividend date of 02/06/2023 for this dividend. In terms of dividend payout ratio, ARLP is presently at 34.20%.
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.
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