There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Alliance Resource Partners L.P. (ARLP) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.36, or 1.72%, to $21.25. The Alliance Resource Partners L.P. has recorded 447,747 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Alliance Resource Partners, L.P. Declares Quarterly Distribution of $0.70 Per Unit.
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As a NASDAQ listed company, ARLP falls under the Energy sector while operating within the Thermal Coal industry segment. At the end of the last regular session, the stock closed at $20.89 and fluctuated between $21.33 as its day high and $20.68 as its day low. The current market capitalization of Alliance Resource Partners L.P. is $2.64B. A total of 0.94 million shares were traded on the day, compared to an average of 522.76K shares.
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, ARLP has seen 8 BUY and 6 SELL insider trades, representing the acquisition of 547,216 and the disposition of 144,056 shares. Over the last 12 months, there were 8 BUYs and 7 SELLs from insiders. Insiders purchased 547,216 shares during that period but sold 981,050.
In the most recent transaction, CRAFT JOSEPH W III bought 48,741 shares of ARLP for 18.25 per share on Mar 17. After the transaction, the PRESIDENT AND CHIEF EXECUTIVE now owns 18,631,398 company shares. In a previous transaction on Mar 16, CRAFT JOSEPH W III bought 100,000 shares at 18.60 per share. ARLP shares that PRESIDENT AND CHIEF EXECUTIVE owns now total 18,582,657.
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Alliance Resource Partners L.P. pays an annual dividend of $2.80, resulting in a dividend yield of 13.40%, and it has a price to earnings (P/E) ratio of 4.76. ARLP’s most recent ex-dividend date was 5/5/2023 when it declared a $0.70 quarterly dividend that was paid in cash on 5/15/2023. Previously, the company paid the dividend on 2/14/2023 with an ex-dividend date of 2/6/2023. The ARLP stock dividend was $0.70 per share in cash.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for ARLP in the last 3 months, the mean price target is $29.33 with high estimates of $32.00 and low estimates of $28.00. In terms of 52-week highs and lows, ARLP has a high of $27.63 and a low of $16.43.
As of this writing, ARLP has an earnings estimate of $1.26 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $1.32 per share and a lower estimate of $1.21. The company reported an EPS of $1.25 in the last quarter, which was -18.80% lower than expectations of $1.54.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. ARLP’s latest balance sheet shows that the firm has $122.40M in Cash & Short Term Investments as of fiscal 2021. There were $450.66M in debt and $177.58M in liabilities at the time. Its Book Value Per Share was $12.70, while its Total Shareholder’s Equity was $1.23B.
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 3 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ARLP is Buy with a score of 0.00. A total of 3 analysts rated the stock as Buy while 0 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.