FBR & Co Weighs in on Alliance Resource Partners, L.P.’s FY2019 Earnings (ARLP)

Alliance Resource Partners, L.P. (NASDAQ:ARLP) – Equities research analysts at FBR & Co boosted their FY2019 earnings estimates for Alliance Resource Partners, L.P. in a research note issued to investors on Tuesday. FBR & Co analyst L. Pipes now expects that the energy company will post earnings of $1.96 per share for the year, up from their prior forecast of $1.72. FBR & Co currently has a “Buy” rating and a $30.00 target price on the stock.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) last issued its quarterly earnings results on Monday, October 30th. The energy company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.13). Alliance Resource Partners, L.P. had a return on equity of 31.27% and a net margin of 18.96%. The firm had revenue of $453.19 million for the quarter, compared to analyst estimates of $474.34 million. During the same quarter last year, the firm earned $0.91 earnings per share. The company’s revenue was down 17.9% compared to the same quarter last year.

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Other equities analysts have also recently issued research reports about the stock. ValuEngine cut shares of Alliance Resource Partners, L.P. from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research raised shares of Alliance Resource Partners, L.P. from a “strong sell” rating to a “hold” rating in a research note on Friday, August 25th. Finally, BidaskClub cut shares of Alliance Resource Partners, L.P. from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $26.12.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Tuesday, November 7th will be paid a dividend of $0.505 per share. This is a boost from Alliance Resource Partners, L.P.’s previous quarterly dividend of $0.50. The ex-dividend date is Monday, November 6th. This represents a $2.02 annualized dividend and a yield of 10.25%. Alliance Resource Partners, L.P.’s dividend payout ratio (DPR) is presently 53.48%.

In related news, Director John P. Neafsey bought 10,000 shares of the stock in a transaction on Monday, August 7th. The shares were purchased at an average price of $19.55 per share, with a total value of $195,500.00. Following the purchase, the director now owns 51,604 shares in the company, valued at $1,008,858.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 44.03% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Alliancebernstein L.P. increased its stake in Alliance Resource Partners, L.P. by 5.9% during the 2nd quarter. Alliancebernstein L.P. now owns 10,284 shares of the energy company’s stock valued at $194,000 after buying an additional 576 shares during the period. Wedbush Securities Inc. acquired a new position in shares of Alliance Resource Partners, L.P. in the 3rd quarter worth approximately $222,000. QS Investors LLC grew its stake in shares of Alliance Resource Partners, L.P. by 19.3% in the 2nd quarter. QS Investors LLC now owns 13,112 shares of the energy company’s stock worth $248,000 after purchasing an additional 2,117 shares during the last quarter. IFP Advisors Inc grew its stake in shares of Alliance Resource Partners, L.P. by 2.8% in the 2nd quarter. IFP Advisors Inc now owns 13,729 shares of the energy company’s stock worth $259,000 after purchasing an additional 373 shares during the last quarter. Finally, Mariner Wealth Advisors LLC grew its stake in shares of Alliance Resource Partners, L.P. by 19.6% in the 2nd quarter. Mariner Wealth Advisors LLC now owns 15,268 shares of the energy company’s stock worth $289,000 after purchasing an additional 2,500 shares during the last quarter. 14.93% of the stock is currently owned by hedge funds and other institutional investors.

About Alliance Resource Partners, L.P.

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.

Earnings History and Estimates for Alliance Resource Partners, L.P. (NASDAQ:ARLP)

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