Citigroup Boosts Arch Resources (NYSE:ARCH) Price Target to $185.00

Arch Resources (NYSE:ARCH) had its target price hoisted by Citigroup from $160.00 to $185.00 in a research note issued to investors on Thursday morning, Benzinga reports. They currently have a buy rating on the energy company’s stock.

A number of other analysts have also recently commented on the company. StockNews.com cut Arch Resources from a buy rating to a hold rating in a research report on Thursday, March 7th. BMO Capital Markets reissued a market perform rating and issued a $165.00 price target (down previously from $180.00) on shares of Arch Resources in a report on Wednesday. Finally, B. Riley reduced their price objective on shares of Arch Resources from $232.00 to $223.00 and set a buy rating for the company in a research report on Friday, February 16th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Arch Resources presently has a consensus rating of Moderate Buy and a consensus target price of $188.25.

Arch Resources Stock Performance

Shares of NYSE ARCH opened at $158.41 on Thursday. The company has a market capitalization of $2.89 billion, a PE ratio of 6.59 and a beta of 0.68. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.83 and a current ratio of 2.49. The company’s fifty day moving average price is $165.72 and its 200 day moving average price is $163.51. Arch Resources has a 1 year low of $102.42 and a 1 year high of $187.60.

Arch Resources (NYSE:ARCH) last posted its earnings results on Thursday, February 15th. The energy company reported $6.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.90 by ($0.83). Arch Resources had a return on equity of 32.20% and a net margin of 14.75%. The firm had revenue of $774.00 million for the quarter, compared to analysts’ expectations of $704.53 million. During the same period in the previous year, the company earned $23.18 earnings per share. The company’s revenue was down 9.9% compared to the same quarter last year. On average, research analysts predict that Arch Resources will post 19.22 earnings per share for the current year.

Arch Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend was Wednesday, February 28th. Arch Resources’s dividend payout ratio is presently 4.16%.

Insider Activity at Arch Resources

In other Arch Resources news, VP Paul T. Demzik sold 4,451 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $178.40, for a total value of $794,058.40. Following the transaction, the vice president now owns 2,192 shares in the company, valued at approximately $391,052.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Pamela R. Butcher bought 200 shares of the stock in a transaction dated Wednesday, March 13th. The shares were acquired at an average cost of $165.00 per share, for a total transaction of $33,000.00. Following the acquisition, the director now directly owns 200 shares in the company, valued at approximately $33,000. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Paul T. Demzik sold 4,451 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $178.40, for a total value of $794,058.40. Following the completion of the sale, the vice president now owns 2,192 shares of the company’s stock, valued at $391,052.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 106,043 shares of company stock valued at $19,442,080. 5.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Arch Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Arch Resources by 11.9% in the 4th quarter. Vanguard Group Inc. now owns 2,061,209 shares of the energy company’s stock worth $342,037,000 after acquiring an additional 219,094 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Arch Resources by 24.4% in the second quarter. BlackRock Inc. now owns 1,261,637 shares of the energy company’s stock valued at $142,262,000 after purchasing an additional 247,238 shares during the period. State Street Corp increased its position in Arch Resources by 2.3% during the first quarter. State Street Corp now owns 1,234,347 shares of the energy company’s stock worth $169,575,000 after purchasing an additional 28,274 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Arch Resources by 2.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 918,052 shares of the energy company’s stock worth $152,343,000 after purchasing an additional 23,959 shares during the period. Finally, Maple Rock Capital Partners Inc. raised its stake in Arch Resources by 11.3% during the third quarter. Maple Rock Capital Partners Inc. now owns 438,939 shares of the energy company’s stock worth $74,909,000 after purchasing an additional 44,700 shares during the period. Institutional investors and hedge funds own 88.14% of the company’s stock.

Arch Resources Company Profile

Arch Resources, Inc engages in the production and sale of metallurgical products. It operates in two segments, Metallurgical and Thermal. The company operates active mines. It owned or controlled primarily through long-term leases of coal land in Ohio, Maryland, Virginia, West Virginia, Wyoming, Kentucky, Montana, Pennsylvania, Colorado, and Illinois; and smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas.