Alliance Holdings GP, L.P. (NASDAQ:AHGP) announced its quarterly earnings results on Monday. The energy company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.26), Briefing.com reports. The company had revenue of $453.09 million for the quarter, compared to analysts’ expectations of $486.80 million. Alliance Holdings GP, L.P. had a net margin of 10.76% and a return on equity of 17.87%. The business’s revenue was down 17.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.81 EPS.
Alliance Holdings GP, L.P. (NASDAQ:AHGP) opened at 27.73 on Wednesday. The stock has a market cap of $1.66 billion, a P/E ratio of 8.01 and a beta of 0.53. The company has a 50 day moving average of $27.44 and a 200-day moving average of $27.00. Alliance Holdings GP, L.P. has a 12-month low of $22.71 and a 12-month high of $32.70.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Thursday, November 9th will be issued a dividend of $0.735 per share. This represents a $2.94 dividend on an annualized basis and a dividend yield of 10.60%. The ex-dividend date of this dividend is Wednesday, November 8th. This is an increase from Alliance Holdings GP, L.P.’s previous quarterly dividend of $0.73. Alliance Holdings GP, L.P.’s dividend payout ratio (DPR) is presently 88.49%.
A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Alliance Holdings GP, L.P. from a “hold” rating to a “strong-buy” rating and set a $30.00 price target on the stock in a report on Wednesday, August 9th. BidaskClub downgraded shares of Alliance Holdings GP, L.P. from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. ValuEngine downgraded shares of Alliance Holdings GP, L.P. from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Finally, TheStreet raised shares of Alliance Holdings GP, L.P. from a “c+” rating to a “b-” rating in a report on Monday, October 16th.
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Alliance Holdings GP, L.P. Company Profile
Alliance Holdings GP, L.P. (AHGP) is a limited partnership company. The Company owns directly and indirectly the members’ interest in Alliance Resource Management GP, LLC (MGP), the managing general partner of Alliance Resource Partners, L.P. (ARLP). The Company’s segments include Illinois Basin, Appalachia, and Other and Corporate.
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