Arch Resources, Inc. (NYSE:ARCH) to Issue $1.11 None Dividend

Arch Resources, Inc. (NYSE:ARCH) announced a None dividend on Thursday, April 25th, Zacks reports. Investors of record on Friday, May 31st will be given a dividend of 1.11 per share by the energy company on Friday, June 14th. This represents a yield of 0.6%. The ex-dividend date of this dividend is Friday, May 31st.

Arch Resources has increased its dividend by an average of 26.0% per year over the last three years.

Arch Resources Stock Performance

Arch Resources stock opened at $164.42 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.49 and a quick ratio of 1.83. Arch Resources has a 1-year low of $102.42 and a 1-year high of $187.60. The firm has a market capitalization of $3.00 billion, a P/E ratio of 6.84 and a beta of 0.68. The company’s 50-day moving average is $164.08 and its 200 day moving average is $163.64.

Arch Resources (NYSE:ARCH) last posted its quarterly earnings data on Thursday, April 25th. The energy company reported $2.98 earnings per share for the quarter, topping analysts’ consensus estimates of $2.79 by $0.19. Arch Resources had a net margin of 14.75% and a return on equity of 32.20%. The company had revenue of $680.19 million for the quarter, compared to analyst estimates of $596.52 million. During the same period in the prior year, the company posted $10.02 EPS. The firm’s revenue for the quarter was down 21.8% on a year-over-year basis. Research analysts forecast that Arch Resources will post 14.84 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on ARCH. StockNews.com lowered shares of Arch Resources from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. BMO Capital Markets reaffirmed a “market perform” rating and set a $165.00 target price (down from $180.00) on shares of Arch Resources in a research report on Wednesday, April 10th. Benchmark reaffirmed a “buy” rating and set a $180.00 target price on shares of Arch Resources in a research report on Monday, April 22nd. Citigroup reaffirmed a “neutral” rating and set a $170.00 target price (down from $185.00) on shares of Arch Resources in a research report on Thursday, April 18th. Finally, B. Riley dropped their price objective on shares of Arch Resources from $198.00 to $193.00 and set a “buy” rating on the stock in a research note on Monday, April 15th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $177.00.

Insider Buying and Selling at Arch Resources

In other Arch Resources news, VP Paul T. Demzik sold 4,451 shares of the firm’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 directly owns 2,192 shares in the company, valued at $391,052.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Arch Resources news, CFO Matthew C. Giljum sold 199 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $169.64, for a total value of $33,758.36. Following the completion of the sale, the chief financial officer now directly owns 27,986 shares in the company, valued at $4,747,545.04. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Paul T. Demzik sold 4,451 shares of the firm’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 transaction 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. Insiders sold a total of 104,335 shares of company stock worth $19,126,100 over the last three months. Corporate insiders own 5.40% of the company’s stock.

About Arch Resources

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.