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

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 increased its dividend payment by an average of 26.0% annually over the last three years.

Arch Resources Stock Performance

NYSE:ARCH traded down $0.90 during midday trading on Friday, reaching $164.53. The stock had a trading volume of 70,527 shares, compared to its average volume of 467,639. Arch Resources has a 1-year low of $102.42 and a 1-year high of $187.60. The firm’s fifty day simple moving average is $163.99 and its 200-day simple moving average is $163.60. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.49 and a quick ratio of 1.83. The stock has a market capitalization of $3.00 billion, a P/E ratio of 6.84 and a beta of 0.68.

Arch Resources (NYSE:ARCH) last posted its earnings results on Thursday, April 25th. The energy company reported $2.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.79 by $0.19. Arch Resources had a net margin of 14.75% and a return on equity of 32.20%. The business had revenue of $680.19 million for the quarter, compared to analyst estimates of $596.52 million. During the same period last year, the business posted $10.02 EPS. Arch Resources’s revenue was down 21.8% compared to the same quarter last year. On average, equities research analysts forecast that Arch Resources will post 14.84 EPS for the current fiscal year.

Analysts Set New Price Targets

ARCH has been the topic of a number of analyst reports. StockNews.com cut Arch Resources from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $165.00 price target (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 report on Thursday, April 18th. Benchmark reiterated a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a research report on Monday. Finally, B. Riley reduced their price target on Arch Resources from $198.00 to $193.00 and set a “buy” rating on the stock in a report on Monday, April 15th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $177.00.

Insider Transactions at Arch Resources

In related news, Director Pamela R. Butcher purchased 200 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was acquired at an average price of $165.00 per share, for a total transaction of $33,000.00. Following the completion of the acquisition, the director now owns 200 shares of the company’s stock, valued at approximately $33,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Arch Resources news, Director Pamela R. Butcher acquired 200 shares of Arch Resources stock in a transaction on Wednesday, March 13th. The stock was purchased at an average price of $165.00 per share, for a total transaction of $33,000.00. Following the purchase, the director now directly owns 200 shares of the company’s stock, valued at $33,000. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman John W. Eaves sold 72,946 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $185.03, for a total value of $13,497,198.38. Following the transaction, the chairman now owns 136,725 shares of the company’s stock, valued at approximately $25,298,226.75. The disclosure for this sale can be found here. Insiders have sold 104,335 shares of company stock valued at $19,126,100 over the last ninety days. 5.40% of the stock is owned by company 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.