Alliance Resource Partners (NASDAQ:ARLP) Shares Pass Above 200 Day Moving Average – Time to Sell?

Alliance Resource Partners, L.P. (NASDAQ:ARLP) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $24.25 and traded as high as $26.66. Alliance Resource Partners shares last traded at $26.49, with a volume of 312,288 shares traded.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ARLP shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Alliance Resource Partners in a research note on Monday, December 29th. Zacks Research cut shares of Alliance Resource Partners from a “hold” rating to a “strong sell” rating in a research report on Monday, January 5th. Benchmark restated a “buy” rating on shares of Alliance Resource Partners in a research report on Tuesday, February 3rd. Finally, Wall Street Zen cut shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $29.50.

Alliance Resource Partners Trading Down 0.3%

The company has a quick ratio of 1.39, a current ratio of 1.90 and a debt-to-equity ratio of 0.24. The stock’s 50 day moving average is $24.62 and its 200-day moving average is $24.25. The company has a market cap of $3.40 billion, a PE ratio of 11.04 and a beta of 0.34.

Alliance Resource Partners (NASDAQ:ARLP) last issued its quarterly earnings data on Monday, February 2nd. The energy company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.14. The business had revenue of $535.51 million during the quarter, compared to analysts’ expectations of $556.82 million. Alliance Resource Partners had a net margin of 14.18% and a return on equity of 18.50%. As a group, sell-side analysts anticipate that Alliance Resource Partners, L.P. will post 2.72 EPS for the current year.

Alliance Resource Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, February 6th were given a dividend of $0.60 per share. The ex-dividend date was Friday, February 6th. This represents a $2.40 dividend on an annualized basis and a yield of 9.1%. Alliance Resource Partners’s dividend payout ratio is 100.00%.

Hedge Funds Weigh In On Alliance Resource Partners

A number of institutional investors and hedge funds have recently modified their holdings of the stock. State of Tennessee Department of Treasury purchased a new stake in Alliance Resource Partners during the 4th quarter valued at $209,000. Progeny 3 Inc. raised its stake in shares of Alliance Resource Partners by 0.3% in the fourth quarter. Progeny 3 Inc. now owns 3,282,671 shares of the energy company’s stock valued at $76,256,000 after acquiring an additional 8,290 shares during the period. Miller Value Partners LLC lifted its holdings in shares of Alliance Resource Partners by 3.9% in the 4th quarter. Miller Value Partners LLC now owns 132,000 shares of the energy company’s stock worth $3,066,000 after acquiring an additional 5,000 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Alliance Resource Partners by 19.7% in the 4th quarter. Cetera Investment Advisers now owns 67,950 shares of the energy company’s stock worth $1,578,000 after acquiring an additional 11,204 shares during the last quarter. Finally, Jump Financial LLC bought a new position in Alliance Resource Partners during the 4th quarter valued at about $1,264,000. Hedge funds and other institutional investors own 18.11% of the company’s stock.

About Alliance Resource Partners

Alliance Resource Partners, L.P. (NASDAQ: ARLP) is a Tulsa, Oklahoma–based master limited partnership engaged in the production, marketing and transportation of bituminous coal. Through its subsidiaries, the company develops, owns and operates surface and underground coal mines, providing fuel primarily for electric power generation and various industrial applications. Alliance’s integrated business model covers the extraction of raw coal, processing at preparation plants and delivery to domestic and export customers.

The partnership operates multiple mining complexes across Illinois, Indiana, Kentucky and West Virginia.