Arch Resources (NYSE:ARCH) Stock Price Down 3.3%

Arch Resources, Inc. (NYSE:ARCH)’s share price traded down 3.3% during mid-day trading on Tuesday . The stock traded as low as $157.24 and last traded at $157.27. 11,961 shares were traded during trading, a decline of 97% from the average session volume of 397,166 shares. The stock had previously closed at $162.70.

Analyst Ratings Changes

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

Arch Resources Trading Down 2.1 %

The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 9.31 and a beta of 0.63. The company has a quick ratio of 1.89, a current ratio of 2.64 and a debt-to-equity ratio of 0.07. The business has a 50 day moving average price of $162.08 and a 200-day moving average price of $165.34.

Arch Resources (NYSE:ARCH) last released its quarterly earnings results on Monday, April 29th. The energy company reported $2.98 earnings per share for the quarter, topping analysts’ consensus estimates of $2.79 by $0.19. The firm had revenue of $680.19 million during the quarter, compared to analysts’ expectations of $596.52 million. Arch Resources had a return on equity of 22.32% and a net margin of 10.89%. Arch Resources’s quarterly revenue was down 21.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $10.02 EPS. As a group, research analysts expect that Arch Resources, Inc. will post 12.82 EPS for the current fiscal year.

Arch Resources Cuts Dividend

The company also recently declared a None dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a dividend of $1.11 per share. This represents a yield of 0.6%. The ex-dividend date was Friday, May 31st. Arch Resources’s dividend payout ratio (DPR) is 5.88%.

Institutional Trading of Arch Resources

Large investors have recently modified their holdings of the business. Financial Strategies Group Inc. purchased a new position in Arch Resources in the second quarter valued at about $294,000. AlphaMark Advisors LLC grew its position in shares of Arch Resources by 6.6% during the second quarter. AlphaMark Advisors LLC now owns 1,956 shares of the energy company’s stock worth $298,000 after buying an additional 121 shares in the last quarter. Aquamarine Zurich AG bought a new stake in shares of Arch Resources in the 2nd quarter worth about $1,233,000. Simplicity Wealth LLC acquired a new stake in shares of Arch Resources in the 2nd quarter valued at about $285,000. Finally, Linden Thomas Advisory Services LLC grew its stake in Arch Resources by 1.4% in the second quarter. Linden Thomas Advisory Services LLC now owns 9,475 shares of the energy company’s stock worth $1,442,000 after purchasing an additional 127 shares in the last quarter. 88.14% of the stock is currently owned by institutional investors and hedge funds.

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.