Alliance Resource Partners (NASDAQ:ARLP) Issues Earnings Results

Alliance Resource Partners (NASDAQ:ARLP) issued its earnings results on Monday. The energy company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.28, Yahoo Finance reports. The business had revenue of $651.70 million during the quarter, compared to the consensus estimate of $625.32 million. Alliance Resource Partners had a return on equity of 32.06% and a net margin of 23.36%. During the same period in the previous year, the company posted $1.45 earnings per share.

Alliance Resource Partners Trading Up 1.1 %

NASDAQ ARLP traded up $0.26 on Thursday, hitting $22.87. The company’s stock had a trading volume of 117,054 shares, compared to its average volume of 459,670. Alliance Resource Partners has a 52-week low of $17.05 and a 52-week high of $24.30. The company has a current ratio of 2.27, a quick ratio of 1.71 and a debt-to-equity ratio of 0.18. The company’s 50-day simple moving average is $20.27 and its 200 day simple moving average is $20.93. The firm has a market cap of $2.93 billion, a P/E ratio of 4.95 and a beta of 1.11.

Alliance Resource Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 8th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 12.24%. The ex-dividend date of this dividend is Tuesday, May 7th. Alliance Resource Partners’s dividend payout ratio is presently 61.27%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. StockNews.com upgraded Alliance Resource Partners from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Benchmark reiterated a “buy” rating and set a $25.00 price objective on shares of Alliance Resource Partners in a research note on Tuesday.

About Alliance Resource Partners

Alliance Resource Partners, L.P., a diversified natural resource company, produces and markets coal primarily to utilities and industrial users in the United States. The company operates through four segments: Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties, and Coal Royalties.