Alliance Resource Partners (ARLP) Expected to Announce Quarterly Earnings on Monday

Alliance Resource Partners (NASDAQ:ARLP) is expected to be issuing its quarterly earnings data before the market opens on Monday, February 3rd. Analysts expect the company to announce earnings of $0.60 per share and revenue of $635.60 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Alliance Resource Partners Stock Performance

Shares of ARLP stock opened at $28.70 on Friday. The stock’s 50-day moving average is $27.01 and its two-hundred day moving average is $25.57. Alliance Resource Partners has a fifty-two week low of $18.32 and a fifty-two week high of $30.56. The firm has a market cap of $3.68 billion, a P/E ratio of 8.15 and a beta of 1.17. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.36 and a quick ratio of 1.69.

Alliance Resource Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 9.76%. The ex-dividend date of this dividend is Friday, February 7th. Alliance Resource Partners’s dividend payout ratio is presently 79.55%.

Insider Activity at Alliance Resource Partners

In related news, SVP Timothy J. Whelan sold 10,000 shares of Alliance Resource Partners stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $28.00, for a total transaction of $280,000.00. Following the completion of the transaction, the senior vice president now owns 157,946 shares in the company, valued at approximately $4,422,488. This trade represents a 5.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 16.80% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. StockNews.com lowered Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. Singular Research cut shares of Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, December 2nd. Finally, Benchmark raised their price target on shares of Alliance Resource Partners from $26.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday, October 29th.

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.