Alliance Resource Partners (NASDAQ:ARLP) Earning Positive News Coverage, Accern Reports

News headlines about Alliance Resource Partners (NASDAQ:ARLP) have been trending positive on Friday, according to Accern. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Alliance Resource Partners earned a media sentiment score of 0.28 on Accern’s scale. Accern also gave news headlines about the energy company an impact score of 48.2649303180007 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the news headlines that may have impacted Accern Sentiment’s rankings:

Shares of ARLP traded up $0.05 during trading hours on Friday, hitting $20.10. The company had a trading volume of 273,400 shares, compared to its average volume of 404,169. Alliance Resource Partners has a 52-week low of $15.55 and a 52-week high of $21.90. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.15 and a quick ratio of 0.90. The firm has a market cap of $2.65 billion, a PE ratio of 6.99 and a beta of 0.76.

Alliance Resource Partners (NASDAQ:ARLP) last issued its earnings results on Monday, July 30th. The energy company reported $0.64 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.64. Alliance Resource Partners had a return on equity of 24.78% and a net margin of 19.77%. The business had revenue of $516.10 million during the quarter, compared to analyst estimates of $491.55 million. During the same quarter in the previous year, the firm earned $0.82 EPS. Alliance Resource Partners’s revenue was up 29.4% on a year-over-year basis. sell-side analysts anticipate that Alliance Resource Partners will post 2.71 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 14th. Shareholders of record on Tuesday, August 7th were paid a dividend of $0.52 per share. This is an increase from Alliance Resource Partners’s previous quarterly dividend of $0.52. This represents a $2.08 dividend on an annualized basis and a dividend yield of 10.35%. The ex-dividend date of this dividend was Monday, August 6th. Alliance Resource Partners’s payout ratio is currently 72.47%.

Alliance Resource Partners declared that its Board of Directors has initiated a share buyback plan on Thursday, May 31st that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the energy company to purchase up to 3.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Several research analysts have commented on ARLP shares. Zacks Investment Research cut shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. BidaskClub cut shares of Alliance Resource Partners from a “hold” rating to a “sell” rating in a report on Thursday, June 21st. MKM Partners raised Alliance Resource Partners from a “neutral” rating to a “buy” rating in a research report on Friday, June 1st. Finally, ValuEngine raised Alliance Resource Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. One analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $24.50.

In related news, Director Nick Carter acquired 2,219 shares of the business’s stock in a transaction that occurred on Wednesday, August 8th. The stock was bought at an average cost of $19.85 per share, for a total transaction of $44,047.15. Following the purchase, the director now owns 20,000 shares in the company, valued at approximately $397,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 44.03% of the company’s stock.

Alliance Resource Partners Company Profile

Alliance Resource Partners, L.P. produces and markets coal primarily to utilities and industrial users in the United States. The company operates through two segments, Illinois Basin and Appalachia. It produces a range of steam and metallurgical coal with sulfur and heat contents. The company operates eight underground mining complexes in Illinois, Indiana, Kentucky, Maryland, and West Virginia.

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