TheStreet downgraded shares of Alliance Resource Partners (NASDAQ:ARLP) from a b- rating to a c+ rating in a report released on Monday morning, TheStreetRatingsTable reports.

Other equities research analysts also recently issued reports about the company. ValuEngine upgraded Alliance Resource Partners from a sell rating to a hold rating in a research report on Thursday, August 1st. Clarkson Capital initiated coverage on Alliance Resource Partners in a research report on Tuesday, July 9th. They issued a buy rating and a $20.00 target price for the company. Seaport Global Securities downgraded Alliance Resource Partners from a buy rating to a neutral rating in a research report on Monday, July 29th. JPMorgan Chase & Co. downgraded Alliance Resource Partners from an overweight rating to a neutral rating and cut their target price for the stock from $23.00 to $22.00 in a research report on Monday. Finally, Zacks Investment Research downgraded Alliance Resource Partners from a hold rating to a strong sell rating in a research report on Tuesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $20.75.

Shares of NASDAQ ARLP opened at $15.47 on Monday. The company has a current ratio of 1.02, a quick ratio of 0.76 and a debt-to-equity ratio of 0.35. The stock has a 50 day simple moving average of $20.62 and a 200-day simple moving average of $22.04. The company has a market cap of $1.96 billion, a PE ratio of 6.34 and a beta of 0.95. Alliance Resource Partners has a 12-month low of $14.41 and a 12-month high of $20.99.

Alliance Resource Partners (NASDAQ:ARLP) last released its earnings results on Friday, July 26th. The energy company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.21). The firm had revenue of $517.10 million during the quarter, compared to analyst estimates of $531.10 million. Alliance Resource Partners had a return on equity of 27.63% and a net margin of 22.14%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the company earned $0.64 earnings per share. Sell-side analysts forecast that Alliance Resource Partners will post 2.51 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, August 7th were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 13.96%. The ex-dividend date of this dividend was Tuesday, August 6th. This is an increase from Alliance Resource Partners’s previous quarterly dividend of $0.54. Alliance Resource Partners’s dividend payout ratio is 88.52%.

In other news, Director Robert J. Druten sold 12,000 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $17.13, for a total transaction of $205,560.00. Following the completion of the sale, the director now owns 25,628 shares in the company, valued at approximately $439,007.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Wilson M. Torrence acquired 5,600 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were bought at an average price of $15.42 per share, with a total value of $86,352.00. Following the transaction, the director now directly owns 39,096 shares in the company, valued at approximately $602,860.32. The disclosure for this purchase can be found here. 44.03% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the company. Chicago Partners Investment Group LLC lifted its position in shares of Alliance Resource Partners by 2.3% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 25,770 shares of the energy company’s stock valued at $440,000 after acquiring an additional 582 shares during the last quarter. Advantage Investment Management LLC raised its stake in Alliance Resource Partners by 5.5% during the 2nd quarter. Advantage Investment Management LLC now owns 14,386 shares of the energy company’s stock valued at $244,000 after purchasing an additional 744 shares during the period. Jackson Hole Capital Partners LLC raised its stake in Alliance Resource Partners by 0.8% during the 1st quarter. Jackson Hole Capital Partners LLC now owns 97,066 shares of the energy company’s stock valued at $1,976,000 after purchasing an additional 772 shares during the period. Pinnacle Financial Partners Inc. raised its stake in Alliance Resource Partners by 9.2% during the 2nd quarter. Pinnacle Financial Partners Inc. now owns 17,548 shares of the energy company’s stock valued at $298,000 after purchasing an additional 1,478 shares during the period. Finally, CoreCommodity Management LLC raised its stake in Alliance Resource Partners by 5.7% during the 2nd quarter. CoreCommodity Management LLC now owns 28,358 shares of the energy company’s stock valued at $482,000 after purchasing an additional 1,541 shares during the period. Institutional investors own 25.09% 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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