Arch Resources (NYSE:ARCH) Shares Down 3.3%

Arch Resources, Inc. (NYSE:ARCH) fell 3.3% during mid-day trading 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

Several brokerages have recently issued reports on ARCH. B. Riley decreased their price target on shares of Arch Resources from $198.00 to $193.00 and set a “buy” rating for the company in a report on Monday, April 15th. StockNews.com downgraded Arch Resources from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. BMO Capital Markets reiterated a “market perform” rating and issued a $165.00 price objective (down from $180.00) on shares of Arch Resources in a research report on Wednesday, April 10th. Benchmark restated a “buy” rating and set a $180.00 target price on shares of Arch Resources in a report on Monday. Finally, Citigroup reiterated a “neutral” rating and issued a $170.00 price target (down previously from $185.00) on shares of Arch Resources in a report 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $177.00.

Arch Resources Stock Performance

The stock has a market capitalization of $2.86 billion, a P/E ratio of 6.71 and a beta of 0.68. 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 stock has a 50 day simple moving average of $164.57 and a two-hundred day simple moving average of $163.61.

Arch Resources (NYSE:ARCH) last posted its quarterly 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 the consensus estimate of $704.53 million. During the same period last year, the company posted $23.18 earnings per share. The business’s revenue was down 9.9% compared to the same quarter last year. On average, equities analysts forecast that Arch Resources, Inc. will post 14.84 EPS for the current fiscal year.

Arch Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.64%. Arch Resources’s payout ratio is 4.16%.

Insider Buying and Selling at Arch Resources

In related news, Director James N. Chapman sold 2,005 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $184.08, for a total value of $369,080.40. Following the transaction, the director now owns 1,219 shares in the company, valued at approximately $224,393.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Arch Resources news, VP Paul T. Demzik sold 4,451 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $178.40, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James N. Chapman sold 2,005 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $184.08, for a total transaction of $369,080.40. Following the completion of the sale, the director now directly owns 1,219 shares of the company’s stock, valued at approximately $224,393.52. The disclosure for this sale can be found here. Insiders sold 104,335 shares of company stock valued at $19,126,100 in the last quarter. 5.90% of the stock is currently owned by insiders.

Institutional Trading of Arch Resources

Several hedge funds and other institutional investors have recently bought and sold shares of the business. PM CAPITAL Ltd acquired a new stake in shares of Arch Resources during the 3rd quarter worth $17,764,000. Accurate Wealth Management LLC lifted its holdings in shares of Arch Resources by 29.2% during the 3rd quarter. Accurate Wealth Management LLC now owns 10,063 shares of the energy company’s stock worth $1,596,000 after acquiring an additional 2,276 shares during the period. Raymond James & Associates boosted its position in shares of Arch Resources by 16.9% during the 3rd quarter. Raymond James & Associates now owns 2,442 shares of the energy company’s stock worth $417,000 after acquiring an additional 353 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Arch Resources by 87.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 7,182 shares of the energy company’s stock valued at $1,226,000 after purchasing an additional 3,344 shares in the last quarter. Finally, Stratos Wealth Partners LTD. bought a new stake in Arch Resources during the third quarter worth $576,000. Institutional investors and hedge funds own 88.14% 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.