The Insider Activity Report For Alliance Resource Partners L.P. (ARLP): Who’s Selling?

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Alliance Resource Partners L.P. (NASDAQ:ARLP) finished Wednesday with a subtraction of -$0.91 to close at $20.42, a downside of -4.27 percent. An average of 683,040 shares of common stock have been traded in the last five days. There was a fall of -$2.06 in the past week, and it reached a new high 43 times over the past 12 months. The last 20 days have seen an average of 520,870 shares traded, while the 50-day average volume stands at 526,216.

ARLP stock has decreased by -8.02% in the last month. The company shares reached their 1-month lowest point of $19.81 on 12/28/22. With the stock rallying to its 52-week high on 08/29/22, shares of the company touched a low of $11.86 and a high of $27.63 in 52 weeks. It has reached a new high 40 times so far this year and achieved 61.55% or $7.78 in price. In spite of this, the price is down -26.09% from the 52-week high.


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Insider Transactions

ARLP stock investors should be aware that Alliance Resource Partners L.P. (ARLP) stock had its last reported insider trading activity 351 days ago on Jan 12. In this transaction, the insider spent $43,500. Director, ROBINSON JOHN H, disposed of 8,000 shares at a price of $13.80 on Jan 07. The insider now owns more than $110,392 worth of shares.

Valuation Metrics

Alliance Resource Partners L.P. (ARLP) has a trailing price-to-earnings (P/E) ratio of 6.48. The stock’s beta is 1.36. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.17, the price-to-book (PB) ratio at 1.78, and the price-to-cash flow ratio at 13.18.

The company has a payout ratio of 41.20%. The company’s most recent quarterly dividend payment was $0.50 a share, representing a up of 25.0% from $0.40 last year. Its latest increase dividend $0.10 reported on Friday October 28 2022.

Financial Health

The quick ratio of Alliance Resource Partners L.P. for the three months ended June 29 was 1.90, and the current ratio was 2.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.28 and a total debt to equity ratio of 0.29 for the quarter ending June 29. Its gross profit as reported stood at $550.74 million compared to revenue of $1.57 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Alliance Resource Partners L.P.’s return on assets was 16.80%.

Earnings Surprise

For the three-month period that ended June 29, Alliance Resource Partners L.P. had $409.94 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $164.61 million in the quarter, while revenues of $161.48 million were grew 73.25%. The analyst consensus anticipated Alliance Resource Partners L.P.’s latest quarter earnings to come in at $0.95 per share, but it turned out to be $1.23, a 29.50% surprise. For the quarter, EBITDA amounted to $178.09 million. Shareholders own equity worth $127.19 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Alliance Resource Partners L.P. (ARLP) price momentum. RSI 9-day as of the close on 28 December was 32.31%, suggesting the stock is Neutral, with historical volatility in this time frame at 39.09%.

As of today, ARLP’s price is $21.53 -9.16% or -$2.06 from its 5-day moving average. ARLP is currently trading -11.98% lower than its 20-day SMA and -7.98% lower than its 100-day SMA. However, the stock’s current price level is -9.65% below the SMA50 and +44.72% above the SMA200.

The stochastic %K and %D were 39.05% and 50.99%, respectively, and the average true range (ATR) was 0.97. With the 14-day stochastic at 19.81% and the average true range at 0.95, the RSI (14) stands at 36.78%. The stock has reached -0.41 on the 9-day MACD Oscillator while the 14-day reading was at -0.32.

Analyst Ratings

Noble Capital Markets launched coverage on Alliance Resource Partners L.P. (NASDAQ: ARLP) in its analyst report released on March 30, 2022. The firm assigned the stock an Outperform rating. The consensus rating for Alliance Resource Partners L.P. (ARLP) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ARLP, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.

What is ARLP’s price target for the next 12 months?

Analysts predict a range of price targets between $28.00 and $30.00, with a median target of $28.00. Taking a look at these predictions, the average price target given by analysts for Alliance Resource Partners L.P. (ARLP) stock is $28.67.

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