Alliance Resource Partners (NASDAQ:ARLP) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Alliance Resource Partners, L.P. (NASDAQ:ARLP)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $24.98 and traded as high as $28.29. Alliance Resource Partners shares last traded at $28.17, with a volume of 196,165 shares trading hands.

Analyst Upgrades and Downgrades

ARLP has been the subject of several recent analyst reports. Zacks Research cut Alliance Resource Partners from a “hold” rating to a “strong sell” rating in a research note on Monday, January 5th. Benchmark reissued a “buy” rating on shares of Alliance Resource Partners in a report on Tuesday, February 3rd. Wall Street Zen downgraded Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Finally, Weiss Ratings lowered Alliance Resource Partners from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, March 16th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $29.50.

Alliance Resource Partners Trading Up 2.2%

The business’s 50 day simple moving average is $26.44 and its two-hundred day simple moving average is $24.98. The stock has a market cap of $3.62 billion, a P/E ratio of 11.74 and a beta of 0.31. The company has a quick ratio of 1.41, a current ratio of 2.10 and a debt-to-equity ratio of 0.23.

Alliance Resource Partners (NASDAQ:ARLP) last announced its quarterly earnings results on Monday, February 2nd. The energy company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $556.82 million. As a group, analysts expect that Alliance Resource Partners, L.P. will post 2.72 EPS for the current year.

Alliance Resource Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, February 6th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 8.5%. 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 institutional investors and hedge funds have recently made changes to their positions in the company. Jaffetilchin Investment Partners LLC raised its holdings in Alliance Resource Partners by 1.3% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 33,951 shares of the energy company’s stock valued at $789,000 after buying an additional 442 shares during the last quarter. HUB Investment Partners LLC grew its holdings in Alliance Resource Partners by 4.0% during the 2nd quarter. HUB Investment Partners LLC now owns 13,094 shares of the energy company’s stock worth $342,000 after acquiring an additional 499 shares during the last quarter. BCS Wealth Management increased its position in Alliance Resource Partners by 2.1% in the 3rd quarter. BCS Wealth Management now owns 25,747 shares of the energy company’s stock valued at $651,000 after acquiring an additional 519 shares during the period. US Bancorp DE increased its position in Alliance Resource Partners by 28.5% in the 3rd quarter. US Bancorp DE now owns 2,570 shares of the energy company’s stock valued at $65,000 after acquiring an additional 570 shares during the period. Finally, AlphaCore Capital LLC raised its stake in shares of Alliance Resource Partners by 2.4% during the third quarter. AlphaCore Capital LLC now owns 26,560 shares of the energy company’s stock valued at $672,000 after acquiring an additional 613 shares during the last quarter. Institutional investors and hedge funds 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.