Arch Resources (NYSE:ARCH) Trading Down 3.3%

Arch Resources, Inc. (NYSE:ARCH)’s share price traded down 3.3% on Tuesday . The company traded as low as $155.84 and last traded at $156.03. 54,965 shares traded hands during trading, a decline of 88% from the average session volume of 467,299 shares. The stock had previously closed at $161.39.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Benchmark reaffirmed a “buy” rating and set a $180.00 price objective on shares of Arch Resources in a research report on Monday. B. Riley cut their price objective on Arch Resources from $198.00 to $193.00 and set a “buy” rating on the stock in a research report on Monday, April 15th. StockNews.com lowered Arch Resources from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. BMO Capital Markets reiterated a “market perform” rating and set a $165.00 target price (down previously from $180.00) on shares of Arch Resources in a research note on Wednesday, April 10th. Finally, Citigroup reiterated a “neutral” rating and set a $170.00 target price (down previously from $185.00) on shares of Arch Resources in a research note on Thursday, April 18th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $177.00.

Arch Resources Trading Up 1.5 %

The company has a debt-to-equity ratio of 0.07, a current ratio of 2.49 and a quick ratio of 1.83. The business’s 50 day moving average is $164.02 and its 200 day moving average is $163.59. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 6.62 and a beta of 0.68.

Arch Resources (NYSE:ARCH) last issued its earnings results on Thursday, February 15th. The energy company reported $6.07 EPS for the quarter, missing analysts’ consensus estimates of $6.90 by ($0.83). The firm had revenue of $774.00 million for the quarter, compared to analyst estimates of $704.53 million. Arch Resources had a return on equity of 32.20% and a net margin of 14.75%. The business’s revenue for the quarter was down 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $23.18 EPS. As a group, equities analysts expect that Arch Resources, Inc. will post 14.84 earnings per share for the current fiscal year.

Arch Resources Dividend Announcement

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

Insider Buying and Selling at Arch Resources

In other Arch Resources news, VP John A. Ziegler sold 148 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $172.33, for a total value of $25,504.84. Following the completion of the transaction, the vice president now owns 23,232 shares in the company, valued at $4,003,570.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Paul T. Demzik sold 4,451 shares of the company’s stock in a transaction dated 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 directly owns 2,192 shares of the company’s stock, valued at $391,052.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP John A. Ziegler sold 148 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $172.33, for a total transaction of $25,504.84. Following the completion of the sale, the vice president now directly owns 23,232 shares of the company’s stock, valued at $4,003,570.56. The disclosure for this sale can be found here. Insiders sold 104,335 shares of company stock worth $19,126,100 over the last 90 days. Corporate insiders own 5.90% of the company’s stock.

Institutional Investors Weigh In On Arch Resources

Institutional investors and hedge funds have recently made changes to their positions in the business. Covestor Ltd raised its holdings in shares of Arch Resources by 61.4% in the third quarter. Covestor Ltd now owns 184 shares of the energy company’s stock valued at $31,000 after buying an additional 70 shares during the last quarter. Newbridge Financial Services Group Inc. raised its holdings in Arch Resources by 1,900.0% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 200 shares of the energy company’s stock worth $33,000 after purchasing an additional 190 shares in the last quarter. Hexagon Capital Partners LLC raised its holdings in Arch Resources by 188.6% during the fourth quarter. Hexagon Capital Partners LLC now owns 202 shares of the energy company’s stock worth $34,000 after purchasing an additional 132 shares in the last quarter. CVA Family Office LLC purchased a new position in Arch Resources during the fourth quarter worth about $38,000. Finally, JTC Employer Solutions Trustee Ltd purchased a new position in Arch Resources during the fourth quarter worth about $52,000. 88.14% of the stock is owned by hedge funds and other institutional investors.

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.