Arch Resources (NYSE:ARCH) Issues Quarterly Earnings Results

Arch Resources (NYSE:ARCH) posted its earnings results on Thursday. The energy company reported $2.98 earnings per share for the quarter, topping the consensus estimate of $2.79 by $0.19, Briefing.com reports. The firm had revenue of $680.19 million during the quarter, compared to the consensus estimate of $596.52 million. Arch Resources had a net margin of 14.75% and a return on equity of 32.20%. The company’s revenue was down 21.8% on a year-over-year basis. During the same quarter last year, the company earned $10.02 earnings per share.

Arch Resources Trading Up 0.2 %

ARCH stock traded up $0.37 during midday trading on Friday, hitting $165.80. The company had a trading volume of 135,667 shares, compared to its average volume of 468,488. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 6.84 and a beta of 0.68. Arch Resources has a 52 week low of $102.42 and a 52 week high of $187.60. The company has a current ratio of 2.49, a quick ratio of 1.83 and a debt-to-equity ratio of 0.07. The stock’s 50 day moving average price is $163.99 and its 200 day moving average price is $163.60.

Arch Resources Cuts Dividend

The business also recently declared a None dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $1.11 per share. The ex-dividend date is Friday, May 31st. Arch Resources’s payout ratio is 4.16%.

Insider Transactions at Arch Resources

In other news, Director Pamela R. Butcher acquired 200 shares of the stock in a transaction dated Wednesday, March 13th. The stock was purchased at an average cost of $165.00 per share, with a total value of $33,000.00. Following the completion of the purchase, the director now owns 200 shares in the company, valued at approximately $33,000. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director James N. Chapman sold 2,005 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $184.08, for a total value of $369,080.40. Following the sale, the director now owns 1,219 shares in the company, valued at approximately $224,393.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Pamela R. Butcher purchased 200 shares of the stock in a transaction dated Wednesday, March 13th. The stock was bought at an average cost of $165.00 per share, with a total value of $33,000.00. Following the transaction, the director now owns 200 shares in the company, valued at $33,000. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 104,335 shares of company stock worth $19,126,100. Insiders own 5.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ARCH shares. BMO Capital Markets reissued a “market perform” rating and set a $165.00 price objective (down previously from $180.00) on shares of Arch Resources in a report on Wednesday, April 10th. Benchmark reissued a “buy” rating and issued a $180.00 price target on shares of Arch Resources in a report on Monday. StockNews.com downgraded shares of Arch Resources from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. B. Riley cut their price objective on Arch Resources from $198.00 to $193.00 and set a “buy” rating for the company in a report on Monday, April 15th. Finally, Citigroup reissued a “neutral” rating and set a $170.00 price objective (down from $185.00) on shares of Arch Resources in a report on Thursday, April 18th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Arch Resources currently has an average rating of “Hold” and a consensus price target of $177.00.

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.