Alliance Resource Partners, L.P. (NASDAQ:ARLP) – Stock analysts at Seaport Global Securities decreased their Q3 2019 earnings per share (EPS) estimates for shares of Alliance Resource Partners in a research note issued on Monday, July 29th. Seaport Global Securities analyst M. Levin now anticipates that the energy company will post earnings per share of $0.48 for the quarter, down from their prior forecast of $0.67. Seaport Global Securities currently has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Alliance Resource Partners’ Q4 2019 earnings at $0.45 EPS, FY2019 earnings at $2.41 EPS, FY2020 earnings at $1.20 EPS and FY2021 earnings at $0.92 EPS.
Alliance Resource Partners (NASDAQ:ARLP) last issued its quarterly earnings results on Friday, July 26th. The energy company reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.21). The firm had revenue of $517.10 million during the quarter, compared to analysts’ expectations of $531.10 million. Alliance Resource Partners had a net margin of 22.14% and a return on equity of 28.20%. The firm’s revenue was up .2% compared to the same quarter last year. During the same quarter last year, the company posted $0.64 EPS.
Shares of NASDAQ:ARLP opened at $17.33 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.70 and a debt-to-equity ratio of 0.32. The stock has a market cap of $2.25 billion, a P/E ratio of 7.10 and a beta of 0.92. Alliance Resource Partners has a 52 week low of $16.50 and a 52 week high of $20.99. The company has a 50 day moving average price of $17.25.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Investors of record on Wednesday, August 7th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Tuesday, August 6th. This is a positive change from Alliance Resource Partners’s previous quarterly dividend of $0.54. This represents a $2.16 dividend on an annualized basis and a yield of 12.46%. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 87.70%.
In related news, Director Robert J. Druten sold 12,000 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $17.13, for a total value of $205,560.00. Following the transaction, the director now directly owns 25,628 shares in the company, valued at approximately $439,007.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 44.03% of the company’s stock.
A number of large investors have recently bought and sold shares of ARLP. Magnolia Group LLC grew its stake in Alliance Resource Partners by 18.9% in the 2nd quarter. Magnolia Group LLC now owns 3,094,092 shares of the energy company’s stock valued at $52,538,000 after buying an additional 490,984 shares during the last quarter. Hartz Capital Inc. acquired a new stake in Alliance Resource Partners in the 1st quarter worth $7,919,000. Bank of Montreal Can grew its position in Alliance Resource Partners by 150.3% in the 1st quarter. Bank of Montreal Can now owns 270,423 shares of the energy company’s stock worth $5,506,000 after purchasing an additional 162,365 shares during the last quarter. HITE Hedge Asset Management LLC acquired a new stake in Alliance Resource Partners in the 1st quarter worth $1,956,000. Finally, Deutsche Bank AG grew its position in Alliance Resource Partners by 45.1% in the 4th quarter. Deutsche Bank AG now owns 210,945 shares of the energy company’s stock worth $3,657,000 after purchasing an additional 65,559 shares during the last quarter. Institutional investors and hedge funds own 24.80% of the company’s stock.
About Alliance Resource Partners
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.
Read More: P/E Growth (PEG)
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