Arch Resources (NYSE:ARCH) Trading 3.4% Higher

Arch Resources, Inc. (NYSE:ARCH)’s stock price traded up 3.4% on Tuesday . The stock traded as high as $163.74 and last traded at $163.33. 163,242 shares changed hands during trading, a decline of 66% from the average session volume of 477,060 shares. The stock had previously closed at $157.90.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. B. Riley dropped their target price on shares of Arch Resources from $198.00 to $193.00 and set a “buy” rating for the company in a report on Monday. StockNews.com cut shares of 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 target price (down from $180.00) on shares of Arch Resources in a research report on Wednesday, April 10th. Finally, Citigroup reissued a “neutral” rating and issued a $170.00 target price (down from $185.00) on shares of Arch Resources in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $177.00.

Arch Resources Trading Down 1.0 %

The company has a quick ratio of 1.83, a current ratio of 2.49 and a debt-to-equity ratio of 0.07. The firm’s 50 day simple moving average is $165.05 and its 200-day simple moving average is $163.32. The company has a market capitalization of $3.00 billion, a PE ratio of 6.83 and a beta of 0.68.

Arch Resources (NYSE:ARCH) last released its quarterly earnings data 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 business had revenue of $774.00 million for the quarter, compared to analysts’ expectations of $704.53 million. During the same quarter in the prior year, the firm earned $23.18 earnings per share. Arch Resources’s quarterly revenue was down 9.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Arch Resources, Inc. will post 16.73 EPS for the current year.

Arch Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, February 28th. This represents a $1.00 annualized dividend and a yield of 0.61%. Arch Resources’s dividend payout ratio is currently 4.16%.

Insiders Place Their Bets

In other news, Chairman John W. Eaves sold 72,946 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $185.03, for a total transaction of $13,497,198.38. Following the transaction, the chairman now directly owns 136,725 shares of the company’s stock, valued at $25,298,226.75. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Chairman John W. Eaves sold 72,946 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $185.03, for a total transaction of $13,497,198.38. Following the transaction, the chairman now directly owns 136,725 shares of the company’s stock, valued at $25,298,226.75. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Rosemary L. Klein sold 1,708 shares of the company’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $185.00, for a total transaction of $315,980.00. Following the completion of the sale, the vice president now directly owns 6,449 shares in the company, valued at $1,193,065. The disclosure for this sale can be found here. Insiders sold a total of 106,043 shares of company stock worth $19,442,080 over the last ninety days. 5.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Arch Resources

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Newbridge Financial Services Group Inc. boosted its position in shares of Arch Resources by 1,900.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 200 shares of the energy company’s stock valued at $33,000 after purchasing an additional 190 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of Arch Resources during the 4th quarter valued at about $352,000. Vanguard Group Inc. boosted its position in shares of Arch Resources by 11.9% during the 4th quarter. Vanguard Group Inc. now owns 2,061,209 shares of the energy company’s stock valued at $342,037,000 after purchasing an additional 219,094 shares in the last quarter. ICA Group Wealth Management LLC bought a new position in shares of Arch Resources during the 4th quarter valued at about $53,000. Finally, Goldman Sachs Group Inc. lifted its stake in Arch Resources by 9.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 182,870 shares of the energy company’s stock valued at $30,345,000 after buying an additional 16,273 shares in the last quarter. Institutional investors 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.