Arch Resources (NYSE:ARCH) Stock Price Down 3.6%

Arch Resources, Inc. (NYSE:ARCH) shares were down 3.6% on Tuesday . The company traded as low as $156.91 and last traded at $157.19. Approximately 72,023 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 498,943 shares. The stock had previously closed at $163.11.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. BMO Capital Markets restated an “outperform” rating and issued a $180.00 price target on shares of Arch Resources in a research report on Wednesday. B. Riley reduced their price target on Arch Resources from $232.00 to $223.00 and set a “buy” rating on the stock in a report on Friday, February 16th. Finally, StockNews.com cut shares of Arch Resources from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th.

Arch Resources Price Performance

The company has a market cap of $2.98 billion, a price-to-earnings ratio of 6.76 and a beta of 0.68. The stock’s 50-day simple moving average is $170.78 and its 200 day simple moving average is $163.39. 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 released 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). Arch Resources had a return on equity of 32.20% and a net margin of 14.75%. The firm had revenue of $774.00 million for the quarter, compared to analysts’ expectations of $704.53 million. During the same quarter in the prior year, the business earned $23.18 earnings per share. The company’s quarterly revenue was down 9.9% on a year-over-year basis. On average, equities research analysts anticipate that Arch Resources, Inc. 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. Investors of record on Thursday, February 29th were issued 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 (DPR) is currently 4.16%.

Insider Buying and Selling at Arch Resources

In other news, VP Rosemary L. Klein sold 1,708 shares of the firm’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $185.00, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Arch Resources news, VP Rosemary L. Klein sold 1,708 shares of the firm’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $185.00, for a total transaction of $315,980.00. Following the transaction, the vice president now directly owns 6,449 shares of the company’s stock, valued at approximately $1,193,065. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Pamela R. Butcher bought 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, for a total transaction of $33,000.00. Following the acquisition, the director now owns 200 shares of the company’s stock, valued at $33,000. The disclosure for this purchase can be found here. Insiders have sold 107,611 shares of company stock valued at $19,716,747 in the last quarter. Corporate insiders own 5.40% of the company’s stock.

Hedge Funds Weigh In On Arch Resources

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Stratos Wealth Advisors LLC raised its position in Arch Resources by 1.1% during the fourth quarter. Stratos Wealth Advisors LLC now owns 5,599 shares of the energy company’s stock worth $929,000 after acquiring an additional 63 shares during the last quarter. Advisor Group Holdings Inc. grew its holdings in Arch Resources by 2.9% in the first quarter. Advisor Group Holdings Inc. now owns 2,371 shares of the energy company’s stock valued at $325,000 after purchasing an additional 67 shares during the period. Covestor Ltd grew its holdings in Arch Resources by 61.4% in the third quarter. Covestor Ltd now owns 184 shares of the energy company’s stock valued at $31,000 after purchasing an additional 70 shares during the period. Unison Advisors LLC grew its holdings in Arch Resources by 2.5% in the fourth quarter. Unison Advisors LLC now owns 4,792 shares of the energy company’s stock valued at $795,000 after purchasing an additional 119 shares during the period. Finally, Hexagon Capital Partners LLC grew its stake in Arch Resources by 188.6% during the fourth quarter. Hexagon Capital Partners LLC now owns 202 shares of the energy company’s stock worth $34,000 after buying an additional 132 shares during the period. 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.