Alliance Resource Partners, L.P. (NASDAQ:ARLP) issued its quarterly earnings results on Monday. The energy company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.13), Briefing.com reports. The business had revenue of $453.19 million for the quarter, compared to analysts’ expectations of $474.34 million. Alliance Resource Partners, L.P. had a return on equity of 34.60% and a net margin of 19.47%. The business’s revenue for the quarter was down 17.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.91 EPS.
Alliance Resource Partners, L.P. (NASDAQ ARLP) opened at 20.00 on Tuesday. Alliance Resource Partners, L.P. has a 52-week low of $17.65 and a 52-week high of $26.65.
In other news, Director John P. Neafsey purchased 10,000 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were acquired at an average price of $19.55 per share, with a total value of $195,500.00. Following the purchase, the director now directly owns 51,604 shares of the company’s stock, valued at $1,008,858.20. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 44.03% of the stock is owned by insiders.
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ARLP has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded Alliance Resource Partners, L.P. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. BidaskClub downgraded Alliance Resource Partners, L.P. from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. ValuEngine downgraded Alliance Resource Partners, L.P. from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 3rd. Finally, FBR & Co reiterated a “buy” rating and set a $30.00 price target on shares of Alliance Resource Partners, L.P. in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Alliance Resource Partners, L.P. presently has an average rating of “Buy” and a consensus price target of $26.60.
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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