Alliance Resource Partners, L.P. (NASDAQ:ARLP) Plans Quarterly Dividend of $0.54

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Alliance Resource Partners, L.P. (NASDAQ:ARLP) declared a quarterly dividend on Monday, October 28th, Zacks reports. Stockholders of record on Thursday, November 7th will be given a dividend of 0.54 per share by the energy company on Thursday, November 14th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 19.60%. The ex-dividend date is Wednesday, November 6th.

Shares of NASDAQ:ARLP traded down $0.64 during trading on Wednesday, reaching $11.02. The stock had a trading volume of 142,868 shares, compared to its average volume of 573,694. The business has a fifty day moving average price of $14.79 and a 200-day moving average price of $19.45. The company has a quick ratio of 0.76, a current ratio of 1.02 and a debt-to-equity ratio of 0.35. The stock has a market cap of $1.61 billion, a P/E ratio of 4.52 and a beta of 0.95. Alliance Resource Partners has a fifty-two week low of $11.58 and a fifty-two week high of $20.78.

Alliance Resource Partners (NASDAQ:ARLP) last posted its quarterly earnings data on Monday, October 28th. The energy company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.17). The firm had revenue of $464.70 million during the quarter, compared to analyst estimates of $503.40 million. Alliance Resource Partners had a net margin of 20.80% and a return on equity of 25.56%. The business’s quarterly revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.55 EPS. As a group, equities analysts forecast that Alliance Resource Partners will post 2.41 EPS for the current year.

ARLP has been the subject of a number of analyst reports. TheStreet lowered shares of Alliance Resource Partners from a “b-” rating to a “c+” rating in a research report on Monday, August 19th. B. Riley set a $20.00 price objective on shares of Alliance Resource Partners and gave the company a “hold” rating in a research report on Friday, October 25th. Seaport Global Securities lowered shares of Alliance Resource Partners from a “buy” rating to a “neutral” rating in a research report on Monday, July 29th. BidaskClub downgraded shares of Alliance Resource Partners from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Clarkson Capital assumed coverage on shares of Alliance Resource Partners in a report on Tuesday, July 9th. They issued a “buy” rating and a $20.00 target price for the company. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $20.75.

In related news, Director Wilson M. Torrence bought 5,600 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was purchased at an average cost of $15.42 per share, for a total transaction of $86,352.00. Following the completion of the acquisition, the director now owns 39,096 shares in the company, valued at $602,860.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 44.03% of the stock is currently owned by insiders.

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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Dividend History for Alliance Resource Partners (NASDAQ:ARLP)

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