Currently, there are 128.06M common shares owned by the public and among those 88.41M shares have been available to trade.
The company’s stock has a 5-day price change of 2.46% and 11.71% over the past three months. ARLP shares are trading 5.97% year to date (YTD), with the 12-month market performance up to 27.10% higher. It has a 12-month low price of $18.32 and touched a high of $29.44 over the same period. ARLP has an average intraday trading volume of 314.94K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.27%, 4.08%, and 13.56% respectively.
Institutional ownership of Alliance Resource Partners, LP (NASDAQ: ARLP) shares accounts for 17.42% of the company’s 128.06M shares outstanding.
It has a market capitalization of $3.57B and a beta (3y monthly) value of 1.18. The stock’s trailing 12-month PE ratio is 7.90, while the earnings-per-share (ttm) stands at $3.53. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.08% over the week and 2.64% over the month.
Analysts forecast that Alliance Resource Partners, LP (ARLP) will achieve an EPS of 0.67 for the current quarter, 0.89 for the next quarter and 3.3 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.61 while analysts give the company a high EPS estimate of 0.61. Comparatively, EPS for the current quarter was 0.88 a year ago. Earnings per share for the fiscal year are expected to decrease by -31.24%, and -3.63% over the next financial year.
Looking at the support for the ARLP, a number of firms have released research notes about the stock. Noble Capital Markets stated their Outperform rating for the stock in a research note on March 30, 2022, with the firm’s price target at $22. The Benchmark Company coverage for the Alliance Resource Partners, LP (ARLP) stock in a research note released on February 02, 2021 offered a Buy rating with a price target of $7. The Benchmark Company was of a view on February 04, 2020 that the stock is Buy, while JP Morgan gave the stock Neutral rating on August 19, 2019, issuing a price target of $23- $22. Seaport Global Securities on their part issued Neutral rating on July 29, 2019.
