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ARLP stock quote and performance overview is a crucial aspect to consider for investors. ARLP is a master limited partnership that focuses on coal operations.
It's listed on the New York Stock Exchange (NYSE) under the ticker symbol ARLP. The partnership has a market capitalization of around $5 billion.
ARLP's stock price can be volatile due to the cyclical nature of the coal industry. The partnership's quarterly dividend yield is around 5.5%.
Investors can track ARLP's stock performance over time by looking at its historical stock price data. This data shows that the stock has experienced fluctuations in recent years.
Financial Information
ARLP stock quote is a solid investment choice, with a revenue increase of 6.06% in 2023 to $2.57 billion.
Their financial performance is impressive, with earnings growing by 9.63% to $611.84 million. This is a significant improvement from the previous year.
The company's revenue growth year-over-year (YOY) is a notable -3.6%, which might raise some concerns. However, their earnings growth YOY is a more substantial -43.8%.
Here's a summary of their key financial metrics:
Their current share price is $27.80, with a 52-week high of $30.56 and a low of $18.32. This indicates a significant fluctuation in their stock price over the past year.
Financial Performance
In 2023, Alliance Resource Partners (ARLP) saw a significant increase in revenue, reaching $2.57 billion, which is a 6.06% jump from the previous year's $2.42 billion.
This growth in revenue is a positive sign for the company, and it's likely to have a positive impact on their bottom line. Earnings were $611.84 million, an increase of 9.63% compared to the previous year.
ARLP's financial performance is a key indicator of their overall health and stability. A strong financial performance can attract investors and improve the company's credit rating.
Here's a summary of ARLP's revenue and earnings growth over the years:
ARLP's financial performance is a key indicator of their overall health and stability.
Insider Activity
Insider Activity is a key indicator of a company's financial health and potential future performance. Insider activity refers to the buying and selling of a company's stock by its executives, directors, and other key stakeholders.
Timothy J Whelan, a significant insider, has been selling Alliance Resource Partners LP stock in recent months. On December 12, 2024, he sold 30,000 shares for $26.69 each.
Here are the details of some notable insider transactions:
Kathleen Craft Mowry, a former insider, has been selling Alliance Resource Partners LP stock for over a year. Between November 28, 2023, and December 4, 2023, she sold a total of 132,826 shares.
Insider buying can be a positive sign for a company's stock, as it indicates confidence in the company's future prospects. On February 7, 2024, several insiders, including Whelan Timothy J, WYNNE THOMAS M, and others, bought a significant number of shares.
Blackout Concerns Boost 10+% Yield
Alliance Resource Partners' CEO Craft has a 25-year record of navigating the coal industry's challenges, giving investors confidence in the company's leadership.
The company's growing awareness of electric grid reliability concerns is creating a favorable environment for Alliance Resource Partners, which has a 10%+ yield.
With a significant ownership stake aligned with unitholders, Craft's interests are closely tied to those of investors, making him a reliable leader.
This alignment of interests has helped the company weather past challenges, and it's likely to do so again in the face of growing blackout concerns.
Stock Performance Overview
ARLP stock has seen significant growth over the years, with a 5-year change of 210.27% and a 3-year change of 96.47%. This is a remarkable increase in value.
The current share price is $27.80, which is a 30.89% increase from last year. This shows a steady rise in value over time.
In terms of market value, ARLP's market cap is $3.5 billion, indicating a substantial presence in the market.
Here's a breakdown of ARLP's stock performance over the past year:
Investor Insights
As an investor, it's essential to understand the current market trends and how they impact ARLP stock. ARLP stock has seen a significant increase in volume over the past year, with an average daily trading volume of 1.4 million shares.
ARLP's revenue has been steadily increasing, with a 10% growth rate in the past quarter, driven by its diversified business portfolio. This includes its retail operations and real estate investments.
Analyst Opinions
Analyst Opinions play a significant role in shaping investor decisions. Analysts from The Benchmark Company have consistently maintained a "Buy" rating for ARLP stock.
The Benchmark Company's analyst has a long history of maintaining a "Buy" rating for ARLP stock, dating back to at least October 30, 2023. They have not changed their opinion since then.
As of July 30, 2024, their current price target for ARLP stock is $26. This is a decrease from their previous target price of $28, set on January 31, 2023.
Here is a summary of The Benchmark Company's analyst opinions on ARLP stock:
It's worth noting that analyst opinions can change over time, and it's essential to stay up-to-date with the latest information when making investment decisions.
L.P. to Attend Investor Conferences
Alliance Resource Partners, L.P. will attend investor conferences, specifically Bank of America Merrill Lynch's Global Energy Conference and the Wells Fargo Securities Gas, Power and Coal Conference.
The conferences will be held in New York City.
Alliance Resource Partners, L.P. is listed on the NASDAQ stock exchange under the ticker symbol ARLP.
The partnership will be represented at the conferences.
Frequently Asked Questions
Is ARLP a good stock to buy today?
ARLP has a Moderate Buy rating with an average price target 15.87% higher than its current price, suggesting potential growth. However, individual results may vary, and it's essential to do further research before making a decision.
How often does ARLP pay a dividend?
ARLP pays a dividend on a quarterly schedule. Dividend payments occur four times a year.
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