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

Alliance Resource Partners, L.P. (NASDAQ:ARLP)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $24.42 and traded as high as $27.78. Alliance Resource Partners shares last traded at $27.50, with a volume of 391,591 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Benchmark restated a “buy” rating on shares of Alliance Resource Partners in a report on Tuesday, February 3rd. Weiss Ratings raised shares of Alliance Resource Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Wall Street Zen lowered shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. Finally, Zacks Research cut shares of Alliance Resource Partners from a “hold” rating to a “strong sell” rating in a report on Monday, January 5th. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $29.50.

Alliance Resource Partners Stock Up 0.4%

The company has a 50 day moving average price of $25.21 and a two-hundred day moving average price of $24.42. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.10 and a quick ratio of 1.41. The stock has a market cap of $3.53 billion, a PE ratio of 11.46 and a beta of 0.30.

Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly earnings data on Monday, February 2nd. The energy company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.61 by $0.14. Alliance Resource Partners had a return on equity of 18.41% and a net margin of 14.18%.The company had revenue of $535.51 million for the quarter, compared to analysts’ expectations of $556.82 million. Analysts expect that Alliance Resource Partners, L.P. will post 2.72 EPS for the current year.

Alliance Resource Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, February 6th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date of this dividend was Friday, February 6th. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 100.00%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Morgan Stanley lifted its position in Alliance Resource Partners by 95.4% during the fourth quarter. Morgan Stanley now owns 3,363,174 shares of the energy company’s stock valued at $78,127,000 after purchasing an additional 1,641,741 shares during the period. Nomura Holdings Inc. bought a new stake in Alliance Resource Partners in the 2nd quarter worth approximately $7,842,000. ING Groep NV raised its stake in Alliance Resource Partners by 76.7% during the 4th quarter. ING Groep NV now owns 668,000 shares of the energy company’s stock valued at $15,518,000 after buying an additional 289,900 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its stake in Alliance Resource Partners by 1,636.3% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 268,637 shares of the energy company’s stock valued at $6,792,000 after buying an additional 253,165 shares during the last quarter. Finally, UBS Group AG lifted its holdings in shares of Alliance Resource Partners by 383.5% during the 3rd quarter. UBS Group AG now owns 269,165 shares of the energy company’s stock valued at $6,806,000 after buying an additional 213,496 shares during the period. 18.11% of the stock is owned by hedge funds and other institutional investors.

Alliance Resource Partners Company Profile

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.