Arch Resources (NYSE:ARCH) Shares Down 3.3%

Arch Resources, Inc. (NYSE:ARCH) shares fell 3.3% during mid-day trading on Tuesday . The stock traded as low as $155.84 and last traded at $156.03. 54,965 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 467,299 shares. The stock had previously closed at $161.39.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ARCH. 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. BMO Capital Markets reaffirmed 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. StockNews.com lowered shares of Arch Resources from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Benchmark reiterated a “buy” rating and issued a $180.00 price target on shares of Arch Resources in a report on Monday. Finally, Citigroup reissued a “neutral” rating and set a $170.00 price objective (down previously 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. Based on data from MarketBeat, Arch Resources has a consensus rating of “Hold” and a consensus target price of $177.00.

Arch Resources Stock Performance

The stock has a fifty day moving average price of $164.57 and a two-hundred day moving average price of $163.61. The company has a market capitalization of $2.86 billion, a price-to-earnings 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.

Arch Resources (NYSE:ARCH) last posted its quarterly earnings results on Thursday, February 15th. The energy company reported $6.07 EPS for the quarter, missing the consensus estimate of $6.90 by ($0.83). The business had revenue of $774.00 million during the quarter, compared to analysts’ expectations of $704.53 million. Arch Resources had a net margin of 14.75% and a return on equity of 32.20%. The firm’s quarterly revenue was down 9.9% compared to the same quarter last year. During the same quarter last year, the firm earned $23.18 EPS. As a group, analysts forecast that Arch Resources, Inc. will post 14.84 EPS for the current fiscal year.

Arch Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.64%. The ex-dividend date was Wednesday, February 28th. Arch Resources’s dividend payout ratio (DPR) is 4.16%.

Insider Activity

In related news, VP Paul T. Demzik sold 4,451 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $178.40, for a total transaction of $794,058.40. Following the sale, the vice president now owns 2,192 shares in the company, valued at $391,052.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, VP Paul T. Demzik sold 4,451 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $178.40, for a total value of $794,058.40. Following the completion of the sale, the vice president now owns 2,192 shares of the company’s stock, valued at $391,052.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Paul T. Demzik sold 3,522 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $175.00, for a total value of $616,350.00. Following the completion of the sale, the vice president now owns 5,715 shares of the company’s stock, valued at $1,000,125. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,335 shares of company stock worth $19,126,100. 5.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Arch Resources

A number of hedge funds and other institutional investors have recently modified their holdings of ARCH. Covestor Ltd boosted its position in shares of Arch Resources by 61.4% in the third quarter. Covestor Ltd now owns 184 shares of the energy company’s stock worth $31,000 after buying an additional 70 shares during the period. Newbridge Financial Services Group Inc. boosted its position in Arch Resources by 1,900.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 200 shares of the energy company’s stock worth $33,000 after acquiring an additional 190 shares during the period. Hexagon Capital Partners LLC grew its stake in Arch Resources by 188.6% during the 4th quarter. Hexagon Capital Partners LLC now owns 202 shares of the energy company’s stock valued at $34,000 after acquiring an additional 132 shares in the last quarter. CVA Family Office LLC acquired a new position in shares of Arch Resources in the 4th quarter valued at about $38,000. Finally, JTC Employer Solutions Trustee Ltd acquired a new stake in shares of Arch Resources during the fourth quarter worth approximately $52,000. 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.