Arch Resources (NYSE:ARCH) Trading 3.4% Higher

Arch Resources, Inc. (NYSE:ARCH) shares traded up 3.4% on Tuesday . The stock traded as high as $163.74 and last traded at $163.33. 163,242 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 477,060 shares. The stock had previously closed at $157.90.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. StockNews.com downgraded shares of Arch Resources from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Citigroup restated a “neutral” rating and issued a $170.00 target price (down from $185.00) on shares of Arch Resources in a research note on Thursday. BMO Capital Markets restated a “market perform” rating and issued a $165.00 target price (down from $180.00) on shares of Arch Resources in a research note on Wednesday, April 10th. Finally, B. Riley lowered 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. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $177.00.

Arch Resources Stock Down 1.0 %

The company’s 50 day moving average price is $165.05 and its 200 day moving average price is $163.32. 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 firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 6.83 and a beta of 0.68.

Arch Resources (NYSE:ARCH) last posted its quarterly earnings data 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 company had revenue of $774.00 million for the quarter, compared to analyst estimates of $704.53 million. During the same quarter in the previous year, the firm posted $23.18 earnings per share. The company’s quarterly revenue was down 9.9% on a year-over-year basis. As a group, research analysts forecast that Arch Resources, Inc. will post 16.73 earnings per share for the current fiscal year.

Arch Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were issued a $0.25 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.61%. Arch Resources’s payout ratio is 4.16%.

Insider Buying and Selling at Arch Resources

In other news, VP Paul T. Demzik sold 4,451 shares of the business’s 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 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 can be accessed through the SEC website. In other news, VP Paul T. Demzik sold 4,451 shares of the business’s 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 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 can be accessed through the SEC website. Also, VP John A. Ziegler sold 148 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $172.33, for a total transaction of $25,504.84. Following the sale, the vice president now directly owns 23,232 shares of the company’s stock, valued at approximately $4,003,570.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 106,043 shares of company stock valued at $19,442,080. Corporate insiders own 5.40% of the company’s stock.

Institutional Trading of Arch Resources

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Newbridge Financial Services Group Inc. increased its stake in shares of Arch Resources by 1,900.0% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 200 shares of the energy company’s stock worth $33,000 after purchasing an additional 190 shares in the last quarter. Quadrature Capital Ltd acquired a new position in Arch Resources during the fourth quarter worth about $352,000. Vanguard Group Inc. boosted its position in Arch Resources by 11.9% during the fourth 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 acquired a new position in Arch Resources during the fourth quarter worth about $53,000. Finally, Goldman Sachs Group Inc. boosted its position in Arch Resources by 9.8% during the fourth 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. Hedge funds and other institutional investors 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.