Media stories about Alliance Resource Partners, L.P. (NASDAQ:ARLP) have trended positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Alliance Resource Partners, L.P. earned a news sentiment score of 0.48 on Accern’s scale. Accern also gave news headlines about the energy company an impact score of 76 out of 100, indicating that recent press coverage is likely to have an impact on the stock’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- Credit Suisse AG Lowers Position in Alliance Resource Partners, LP (NASDAQ:ARLP) (footballhebdo.com)
- Alliance Resource Partners, LP (ARLP) Shares Sold by Credit Suisse AG (overnewsmagazine.com)
- Alliance Resource Partners’ Operating Expenses Improved in 2Q17 (finance.yahoo.com)
- Alliance Resource Partners Misses Analysts’ 2Q17 EBITDA Estimate (finance.yahoo.com)
- Alliance Resource Partners’ Leverage and Liquidity (finance.yahoo.com)
A number of equities research analysts recently issued reports on ARLP shares. FBR & Co reiterated an “outperform” rating and issued a $29.00 price objective (up from $27.00) on shares of Alliance Resource Partners, L.P. in a report on Tuesday, May 2nd. BidaskClub upgraded shares of Alliance Resource Partners, L.P. from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. ValuEngine cut shares of Alliance Resource Partners, L.P. from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Finally, Zacks Investment Research cut shares of Alliance Resource Partners, L.P. from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $26.93.
Alliance Resource Partners, L.P. (NASDAQ ARLP) traded up 1.91% on Friday, reaching $18.65. 282,280 shares of the company traded hands. The stock has a 50-day moving average price of $19.68 and a 200-day moving average price of $21.67. The firm has a market cap of $2.44 billion, a P/E ratio of 4.51 and a beta of 0.68. Alliance Resource Partners, L.P. has a 52-week low of $18.15 and a 52-week high of $26.65.
Alliance Resource Partners, L.P. (NASDAQ:ARLP) last posted its quarterly earnings data on Monday, July 31st. The energy company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.09. Alliance Resource Partners, L.P. had a net margin of 19.47% and a return on equity of 34.60%. The business had revenue of $398.72 million during the quarter, compared to the consensus estimate of $447.68 million. During the same quarter last year, the company posted $0.82 earnings per share. The firm’s quarterly revenue was down 9.2% compared to the same quarter last year. Analysts anticipate that Alliance Resource Partners, L.P. will post $2.89 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, August 7th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 10.93%. The ex-dividend date of this dividend is Thursday, August 3rd. This is an increase from Alliance Resource Partners, L.P.’s previous quarterly dividend of $0.44. Alliance Resource Partners, L.P.’s dividend payout ratio (DPR) is 48.43%.
In related news, Director John P. Neafsey acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was acquired at an average price of $19.55 per share, for a total transaction of $195,500.00. Following the completion of the acquisition, the director now owns 51,604 shares of the company’s stock, valued at approximately $1,008,858.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 44.03% of the company’s stock.
Alliance Resource Partners, L.P. Company Profile
Alliance Resource Partners, L.P. is a producer and marketer of coal primarily to the United States utilities and industrial users. The Company operates through segments, including Illinois Basin, Appalachia, and Other and Corporate. The Illinois Basin segment consists of various operating segments, including Webster County Coal, LLC’s Dotiki mining complex, Gibson County Coal, LLC’s mining complex, which includes the Gibson North mine and Gibson South mine, Hopkins County Coal, LLC’s mining complex, which includes the Elk Creek mine, the Pleasant View surface mineable reserves and the Fies property, White County Coal, LLC’s, Pattiki mining complex, Warrior Coal, LLC’s mining complex, Sebree Mining, LLC’s mining complex, which includes the Onton mine and River View Coal, LLC mining complex.
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