A share price of Alliance Resource Partners, LP [ARLP] is currently trading at $19.93, up 0.13%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ARLP shares have gain 8.32% over the last week, with a monthly amount glided 0.40%, and seem to be holding up well over a long-time horizon.
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On 27, February 2024, Alliance Resource Partners, L.P. Names Steven Schnitzer Senior Vice President, General Counsel and Secretary. In a post published today on Yahoo Finance, Alliance Resource Partners, L.P. (NASDAQ: ARLP) today announced that Steven Schnitzer will join ARLP as Senior Vice President, General Counsel and Secretary of Alliance Resource Management GP, LLC, the general partner of ARLP, on March 1, 2024 to lead ARLP’s legal activities.
From an analyst’s perspective:
Alliance Resource Partners, LP [NASDAQ: ARLP] stock has seen the most recent analyst activity on March 30, 2022, when Noble Capital Markets initiated its Outperform rating and assigned the stock a price target of $22. On February 04, 2020, The Benchmark Company initiated with a Buy rating and assigned a price target of $11 on the stock. JP Morgan downgraded its rating to a Neutral and decreased its price target to $22 on August 19, 2019. Seaport Global Securities downgraded its rating to a Neutral. B. Riley FBR downgraded its rating to Neutral for this stock on July 17, 2019, and downed its price target to $20. In a note dated May 23, 2018, MKM Partners upgraded an Buy rating on this stock.
Alliance Resource Partners, LP experienced fluctuations in its stock price throughout the past year between $17.05 and $24.30. Alliance Resource Partners, LP [NASDAQ: ARLP] shares were valued at $19.93 at the most recent close of the market.
Analyzing the ARLP fundamentals
Trailing Twelve Months sales for Alliance Resource Partners, LP [NASDAQ:ARLP] were 2.57B which represents -10.75% decline. Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.25%, and Net Profit Margin reading is 0.25%. To continue investigating profitability, this company’s Return on Assets is posted at 0.23, Equity is 0.35 and Total Capital is 0.26. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.18.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 19.74 points at the first support level, and at 19.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.06, and for the 2nd resistance point, it is at 20.19.
Alliance Resource Partners, LP [ARLP] reported earnings per share of $0.88 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.14/share, meaning a difference of -$0.26 and a surprise factor of -22.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.18 per share as compared to estimates of $1.28 per share, a difference of -$0.1 representing a surprise of -7.80%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Alliance Resource Partners, LP [NASDAQ:ARLP] is 2.27. Further, the Quick Ratio stands at 1.71, while the Cash Ratio is 0.26. Considering the valuation of this stock, the price to sales ratio is 0.99, the price to book ratio is 1.38 and price to earnings (TTM) ratio is 4.14.
Transactions by insiders
Recent insider trading involved Mowry Kathleen, 10% Owner, that happened on Dec 06 ’23 when 34492.0 shares were sold. 10% Owner, Mowry Kathleen completed a deal on Dec 05 ’23 to sell 33087.0 shares. Meanwhile, 10% Owner Mowry Kathleen sold 19826.0 shares on Dec 04 ’23.
