Alliance Resource Partners, L.P. (NASDAQ:ARLP) – FBR & Co raised their FY2018 earnings per share estimates for Alliance Resource Partners, L.P. in a note issued to investors on Tuesday. FBR & Co analyst L. Pipes now anticipates that the energy company will post earnings per share of $1.92 for the year, up from their prior estimate of $1.88. FBR & Co currently has a “Buy” rating and a $30.00 target price on the stock.
Alliance Resource Partners, L.P. (NASDAQ:ARLP) last announced its quarterly earnings data 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). The business had revenue of $453.19 million during the quarter, compared to analyst estimates of $474.34 million. Alliance Resource Partners, L.P. had a net margin of 18.96% and a return on equity of 31.27%. The firm’s revenue for the quarter was down 17.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 earnings per share. TRADEMARK VIOLATION NOTICE: This piece of content was published by Community Financial News and is the property of of Community Financial News. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.com-unik.info/2017/11/03/equities-analysts-issue-forecasts-for-alliance-resource-partners-l-p-s-fy2018-earnings-arlp.html.
Other research analysts also recently issued reports about the company. ValuEngine downgraded 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 Alliance Resource Partners, L.P. from a “strong sell” rating to a “hold” rating in a research note on Friday, August 25th. Finally, BidaskClub downgraded Alliance Resource Partners, L.P. from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Alliance Resource Partners, L.P. currently has an average rating of “Buy” and an average price target of $26.12.
Shares of Alliance Resource Partners, L.P. (ARLP) traded down $0.02 during trading hours on Thursday, hitting $19.73. The stock had a trading volume of 91,399 shares, compared to its average volume of 335,720. The company has a market capitalization of $2,568.33, a price-to-earnings ratio of 5.16 and a beta of 0.78.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Tuesday, November 7th will be paid a dividend of $0.505 per share. This is an increase from Alliance Resource Partners, L.P.’s previous quarterly dividend of $0.50. This represents a $2.02 dividend on an annualized basis and a yield of 10.24%. The ex-dividend date of this dividend is Monday, November 6th. Alliance Resource Partners, L.P.’s dividend payout ratio is 53.48%.
In other news, Director John P. Neafsey purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were acquired at an average cost 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 44.03% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the stock. Principal Financial Group Inc. raised its stake in Alliance Resource Partners, L.P. by 16.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,754,786 shares of the energy company’s stock worth $33,954,000 after buying an additional 245,133 shares during the period. Wedbush Securities Inc. bought a new stake in Alliance Resource Partners, L.P. during the 3rd quarter worth approximately $222,000. Foundry Partners LLC increased its holdings in Alliance Resource Partners, L.P. by 9.6% during the 3rd quarter. Foundry Partners LLC now owns 214,015 shares of the energy company’s stock worth $4,141,000 after purchasing an additional 18,811 shares in the last quarter. First Manhattan Co. increased its holdings in Alliance Resource Partners, L.P. by 5.7% during the 3rd quarter. First Manhattan Co. now owns 372,639 shares of the energy company’s stock worth $7,210,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Adams Asset Advisors LLC increased its holdings in Alliance Resource Partners, L.P. by 27.9% during the 3rd quarter. Adams Asset Advisors LLC now owns 309,046 shares of the energy company’s stock worth $5,980,000 after purchasing an additional 67,502 shares in the last quarter. 14.93% of the stock is currently owned by institutional investors and hedge funds.
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.
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