Alliance Resource Partners, L.P. (ARLP) Earning Somewhat Positive News Coverage, Analysis Shows
News headlines about Alliance Resource Partners, L.P. (NASDAQ:ARLP) have trended somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Alliance Resource Partners, L.P. earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned news stories about the energy company an impact score of 46.7497364471364 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have effected Accern’s rankings:
- Brokerages Expect Alliance Resource Partners, L.P. (NASDAQ:ARLP) Will Announce Earnings of $0.58 Per Share (americanbankingnews.com)
- 2 Scorching Hot High-Yield Dividend Stocks — Are They Buys? (finance.yahoo.com)
- Alliance Resource Partners, L.P. (ARLP) Receives Average Rating of “Buy” from Analysts (americanbankingnews.com)
- Alliance Resource Partners, LP (NASDAQ:ARLP) Releases Earnings Results (lazeresportes.com)
- Credit Suisse AG Lowers Position in Alliance Resource Partners, LP (NASDAQ:ARLP) (footballhebdo.com)
A number of equities analysts have commented on ARLP shares. BidaskClub raised Alliance Resource Partners, L.P. from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Zacks Investment Research cut Alliance Resource Partners, L.P. from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. FBR & Co reissued an “outperform” rating and set a $29.00 target price (up previously from $27.00) on shares of Alliance Resource Partners, L.P. in a report on Tuesday, May 2nd. Finally, ValuEngine cut Alliance Resource Partners, L.P. from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $26.93.
Alliance Resource Partners, L.P. (NASDAQ ARLP) opened at 18.60 on Friday. Alliance Resource Partners, L.P. has a one year low of $18.15 and a one year high of $26.65.
Alliance Resource Partners, L.P. (NASDAQ:ARLP) last issued its quarterly earnings data on Monday, July 31st. The energy company reported $0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.09. Alliance Resource Partners, L.P. had a return on equity of 34.60% and a net margin of 19.47%. The firm had revenue of $398.72 million during the quarter, compared to the consensus estimate of $447.68 million. During the same period in the previous year, the firm posted $0.82 EPS. The company’s quarterly revenue was down 9.2% compared to the same quarter last year. Analysts anticipate that Alliance Resource Partners, L.P. will post $2.89 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, August 7th will be given a dividend of $0.50 per share. This is an increase from Alliance Resource Partners, L.P.’s previous quarterly dividend of $0.44. This represents a $2.00 annualized dividend and a dividend yield of 10.75%. The ex-dividend date is Thursday, August 3rd. Alliance Resource Partners, L.P.’s payout ratio is currently 48.43%.
In related news, Director John P. Neafsey acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was purchased at an average cost of $19.55 per share, for a total transaction of $195,500.00. Following the transaction, the director now directly owns 51,604 shares of the company’s stock, valued at approximately $1,008,858.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 44.03% of the company’s stock.
About Alliance Resource Partners, L.P.
Alliance Resource Partners, L.P. is a producer and marketer of coal primarily to the United States utilities and industrial users. The Company operates through segments, including Illinois Basin, Appalachia, and Other and Corporate. The Illinois Basin segment consists of various operating segments, including Webster County Coal, LLC’s Dotiki mining complex, Gibson County Coal, LLC’s mining complex, which includes the Gibson North mine and Gibson South mine, Hopkins County Coal, LLC’s mining complex, which includes the Elk Creek mine, the Pleasant View surface mineable reserves and the Fies property, White County Coal, LLC’s, Pattiki mining complex, Warrior Coal, LLC’s mining complex, Sebree Mining, LLC’s mining complex, which includes the Onton mine and River View Coal, LLC mining complex.
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