Latest Stocks: Brokerages Set Alliance Resource Partners, L.P. (ARLP) PT at $27.32

Latest Stocks: Brokerages Set Alliance Resource Partners, L.P. (ARLP) PT at $27.32

Alliance Resource Partners, L.P. (NASDAQ:ARLP) has been given a consensus recommendation of “Buy” by the seven ratings firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $27.32.

Several equities analysts have recently weighed in on the company. FBR & Co reaffirmed an “outperform” rating and issued a $29.00 price objective (up from $27.00) on shares of Alliance Resource Partners, L.P. in a research note on Tuesday, May 2nd. Vetr raised Alliance Resource Partners, L.P. from a “buy” rating to a “strong-buy” rating and set a $25.59 price target on the stock in a research report on Thursday, March 2nd. Finally, Zacks Investment Research raised Alliance Resource Partners, L.P. from a “sell” rating to a “hold” rating in a research report on Monday, April 10th.

Several large investors have recently modified their holdings of ARLP. Russell Investments Group Ltd. increased its position in shares of Alliance Resource Partners, L.P. by 5.9% in the first quarter. Russell Investments Group Ltd. now owns 133,875 shares of the energy company’s stock worth $2,899,000 after buying an additional 7,447 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Alliance Resource Partners, L.P. by 4.1% in the first quarter. Acadian Asset Management LLC now owns 1,258,187 shares of the energy company’s stock worth $27,241,000 after buying an additional 49,986 shares during the last quarter. Creative Planning increased its position in shares of Alliance Resource Partners, L.P. by 87.4% in the first quarter. Creative Planning now owns 35,190 shares of the energy company’s stock worth $762,000 after buying an additional 16,413 shares during the last quarter. Weaver C. Barksdale & Associates Inc. increased its position in shares of Alliance Resource Partners, L.P. by 0.8% in the first quarter. Weaver C. Barksdale & Associates Inc. now owns 15,851 shares of the energy company’s stock worth $343,000 after buying an additional 127 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in shares of Alliance Resource Partners, L.P. by 493.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 54,023 shares of the energy company’s stock worth $1,213,000 after buying an additional 44,927 shares during the last quarter. Institutional investors and hedge funds own 28.48% of the company’s stock.

Alliance Resource Partners, L.P. (NASDAQ ARLP) opened at 21.50 on Tuesday. The stock has a market cap of $1.60 billion, a P/E ratio of 5.20 and a beta of 0.56. The company has a 50-day moving average of $22.12 and a 200 day moving average of $22.75. Alliance Resource Partners, L.P. has a 1-year low of $13.95 and a 1-year high of $26.65. Alliance Resource Partners, L.P. (NASDAQ:ARLP) last posted its quarterly earnings results on Monday, May 1st. The energy company reported $1.10 EPS for the quarter, beating the consensus estimate of $0.81 by $0.29. The company had revenue of $461.08 million during the quarter, compared to analysts’ expectations of $455.55 million. Alliance Resource Partners, L.P. had a return on equity of 34.39% and a net margin of 17.57%. The firm’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.36 EPS. Analysts predict that Alliance Resource Partners, L.P. will post $3.29 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, May 15th. Stockholders of record on Monday, May 8th were issued a $0.4375 dividend. The ex-dividend date of this dividend was Thursday, May 4th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 8.14%. Alliance Resource Partners, L.P.’s dividend payout ratio (DPR) is 51.32%. Alliance Resource Partners, L.P. Company Profile

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