Arch Resources, Inc. (ARCH) to Issue None Dividend of $1.11 on June 14th

Arch Resources, Inc. (NYSE:ARCH) declared a None dividend on Thursday, April 25th, Zacks reports. Investors of record on Friday, May 31st will be given a dividend of 1.11 per share by the energy company on Friday, June 14th. This represents a yield of 0.6%. The ex-dividend date 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 Price Performance

Arch Resources stock opened at $164.42 on Friday. Arch Resources has a 12 month low of $102.42 and a 12 month high of $187.60. The company has a current ratio of 2.49, a quick ratio of 1.83 and a debt-to-equity ratio of 0.07. The business’s 50 day simple moving average is $164.08 and its 200 day simple moving average is $163.64. The company has a market cap of $3.00 billion, a price-to-earnings 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, topping the consensus estimate of $2.79 by $0.19. The firm had revenue of $680.19 million for the quarter, compared to the consensus estimate of $596.52 million. Arch Resources had a return on equity of 32.20% and a net margin of 14.75%. The business’s quarterly revenue was down 21.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $10.02 earnings per share. Sell-side analysts forecast that Arch Resources will post 14.84 EPS for the current year.

Wall Street Analyst Weigh In

ARCH has been the topic of several recent research reports. StockNews.com downgraded Arch Resources from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. BMO Capital Markets reiterated a “market perform” rating and issued a $165.00 price objective (down previously from $180.00) on shares of Arch Resources in a research report on Wednesday, April 10th. B. Riley lowered their price objective on Arch Resources from $198.00 to $193.00 and set a “buy” rating on the stock in a research report on Monday, April 15th. Benchmark reiterated a “buy” rating and issued a $180.00 price objective on shares of Arch Resources in a research report on Monday, April 22nd. Finally, Citigroup reiterated a “neutral” rating and issued a $170.00 price objective (down previously from $185.00) on shares of Arch Resources in a research report on Thursday, April 18th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $177.00.

Insider Activity at Arch Resources

In related news, 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 $25,298,226.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, VP John A. Ziegler sold 15,000 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $184.15, for a total transaction of $2,762,250.00. Following the completion of the sale, the vice president now directly owns 18,618 shares in the company, valued at $3,428,504.70. 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 dated Thursday, March 7th. The stock was sold at an average price of $185.03, for a total transaction of $13,497,198.38. Following the sale, the chairman now owns 136,725 shares of the company’s stock, valued at $25,298,226.75. The disclosure for this sale can be found here. Insiders have sold a total of 104,335 shares of company stock valued at $19,126,100 over the last 90 days. 5.40% of the stock is owned by insiders.

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.