BMO Capital Markets Reaffirms Outperform Rating for Arch Resources (NYSE:ARCH)

BMO Capital Markets restated their outperform rating on shares of Arch Resources (NYSE:ARCH) in a research report sent to investors on Wednesday morning, Benzinga reports. They currently have a $180.00 price target on the energy company’s stock.

ARCH has been the subject of several other reports. B. Riley cut their target price on shares of Arch Resources from $232.00 to $223.00 and set a buy rating for the company in a research note on Friday, February 16th. StockNews.com cut shares of Arch Resources from a buy rating to a hold rating in a research note on Thursday, March 7th.

Arch Resources Stock Performance

ARCH stock opened at $160.79 on Wednesday. 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 company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 6.69 and a beta of 0.68. Arch Resources has a 12 month low of $102.42 and a 12 month high of $187.60. The firm has a 50 day moving average of $169.93 and a two-hundred day moving average of $163.51.

Arch Resources (NYSE:ARCH) last posted its quarterly earnings data 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). The firm had revenue of $774.00 million for the quarter, compared to the consensus estimate of $704.53 million. Arch Resources had a return on equity of 32.20% and a net margin of 14.75%. Arch Resources’s quarterly revenue was down 9.9% on a year-over-year basis. During the same period in the prior year, the company posted $23.18 earnings per share. As a group, equities analysts anticipate that Arch Resources will post 19.78 EPS for the current fiscal year.

Arch Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date was Wednesday, February 28th. Arch Resources’s dividend payout ratio is 4.16%.

Insider Activity

In other news, CFO Matthew C. Giljum sold 199 shares of the stock in a transaction 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 transaction, the chief financial officer now owns 27,986 shares in the company, valued at approximately $4,747,545.04. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CFO Matthew C. Giljum sold 199 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $169.64, for a total transaction of $33,758.36. Following the completion of the sale, the chief financial officer now owns 27,986 shares in the company, valued at approximately $4,747,545.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Rosemary L. Klein sold 1,708 shares of the stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $185.00, for a total transaction of $315,980.00. Following the sale, the vice president now directly owns 6,449 shares in the company, valued at approximately $1,193,065. The disclosure for this sale can be found here. In the last 90 days, insiders sold 107,611 shares of company stock worth $19,716,747. 5.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Arch Resources

A number of hedge funds have recently added to or reduced their stakes in ARCH. Newbridge Financial Services Group Inc. boosted its stake in shares of Arch Resources by 1,900.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 200 shares of the energy company’s stock valued at $33,000 after purchasing an additional 190 shares during the last quarter. Quadrature Capital Ltd bought a new position in Arch Resources during the 4th quarter worth approximately $352,000. Vanguard Group Inc. boosted its stake in Arch Resources by 11.9% during the 4th quarter. Vanguard Group Inc. now owns 2,061,209 shares of the energy company’s stock worth $342,037,000 after acquiring an additional 219,094 shares during the last quarter. ICA Group Wealth Management LLC bought a new position in Arch Resources during the 4th quarter worth approximately $53,000. Finally, Goldman Sachs Group Inc. boosted its stake in Arch Resources by 9.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 182,870 shares of the energy company’s stock worth $30,345,000 after acquiring an additional 16,273 shares during the last quarter. Institutional investors own 88.14% of the company’s stock.

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.