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

Arch Resources, Inc. (NYSE:ARCH) declared a None dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Friday, May 31st will be paid a dividend of 1.11 per share by the energy company on Friday, June 14th. The ex-dividend date of this dividend is Friday, May 31st.

Arch Resources has raised its dividend payment by an average of 26.0% annually over the last three years.

Arch Resources Trading Down 1.3 %

Shares of NYSE ARCH traded down $2.19 during midday trading on Friday, reaching $163.24. The stock had a trading volume of 28,634 shares, compared to its average volume of 467,128. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 6.88 and a beta of 0.68. Arch Resources has a twelve month low of $102.42 and a twelve month high of $187.60. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.83 and a current ratio of 2.49. The company’s 50 day moving average price is $163.99 and its 200 day moving average price is $163.60.

Arch Resources (NYSE:ARCH) last released its quarterly earnings data on Thursday, April 25th. The energy company reported $2.98 earnings per share for the quarter, beating the consensus estimate of $2.79 by $0.19. The company had revenue of $680.19 million during the quarter, compared to analyst estimates of $596.52 million. Arch Resources had a net margin of 14.75% and a return on equity of 32.20%. Arch Resources’s revenue for the quarter was down 21.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $10.02 EPS. As a group, sell-side analysts expect that Arch Resources will post 14.84 EPS for the current year.

Wall Street Analyst Weigh In

ARCH has been the subject of several research analyst reports. StockNews.com lowered shares of Arch Resources from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Benchmark reiterated a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a research note on Monday. BMO Capital Markets reiterated a “market perform” rating and issued a $165.00 target price (down previously from $180.00) on shares of Arch Resources in a research note on Wednesday, April 10th. Citigroup reiterated a “neutral” rating and issued a $170.00 target price (down previously from $185.00) on shares of Arch Resources in a research note on Thursday, April 18th. Finally, B. Riley reduced their target price on shares of Arch Resources from $198.00 to $193.00 and set a “buy” rating for the company in a research note on Monday, April 15th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Arch Resources has an average rating of “Hold” and a consensus price target of $177.00.

Insiders Place Their Bets

In other news, Director Pamela R. Butcher acquired 200 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was bought at an average price of $165.00 per share, with a total value of $33,000.00. Following the acquisition, the director now owns 200 shares in the company, valued at approximately $33,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director James N. Chapman sold 2,005 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $184.08, for a total value of $369,080.40. Following the completion of the transaction, the director now directly owns 1,219 shares in the company, valued at $224,393.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Pamela R. Butcher purchased 200 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was purchased at an average cost of $165.00 per share, for a total transaction of $33,000.00. Following the acquisition, the director now owns 200 shares of the company’s stock, valued at approximately $33,000. The disclosure for this purchase can be found here. Insiders sold 104,335 shares of company stock valued at $19,126,100 over the last ninety days. 5.40% of the stock is currently owned by insiders.

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.