Arch Resources (NYSE:ARCH) Issues Earnings Results

Arch Resources (NYSE:ARCH) released its quarterly earnings data on Thursday. The energy company reported $2.98 earnings per share for the quarter, beating analysts’ consensus estimates of $2.79 by $0.19, Briefing.com reports. Arch Resources had a return on equity of 22.32% and a net margin of 10.89%. The company had revenue of $680.19 million for the quarter, compared to the consensus estimate of $596.52 million. During the same period in the previous year, the business earned $10.02 earnings per share. The company’s quarterly revenue was down 21.8% on a year-over-year basis.

Arch Resources Trading Down 0.6 %

Shares of ARCH stock traded down $1.01 on Friday, hitting $164.42. The stock had a trading volume of 368,946 shares, compared to its average volume of 350,544. Arch Resources has a twelve month low of $102.42 and a twelve month high of $187.60. The firm has a market cap of $3.00 billion, a P/E ratio of 9.67 and a beta of 0.68. The company has a current ratio of 2.64, a quick ratio of 1.83 and a debt-to-equity ratio of 0.07. The company has a fifty day moving average price of $164.08 and a two-hundred day moving average price of $163.64.

Arch Resources Cuts Dividend

The company also recently declared a None dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a $1.11 dividend. This represents a dividend yield of 0.6%. The ex-dividend date is Friday, May 31st. Arch Resources’s dividend payout ratio (DPR) is 5.88%.

Insider Activity

In related news, VP Paul T. Demzik sold 4,451 shares of the company’s stock in a transaction on 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 transaction, the vice president now directly owns 2,192 shares of the company’s stock, valued at approximately $391,052.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other 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 completion of the transaction, the vice president now directly owns 2,192 shares in the company, valued at approximately $391,052.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director James N. Chapman sold 2,005 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $184.08, for a total transaction of $369,080.40. Following the transaction, the director now owns 1,219 shares of the company’s stock, valued at $224,393.52. The disclosure for this sale can be found here. Insiders sold 104,335 shares of company stock valued at $19,126,100 in the last quarter. Company insiders own 5.40% of the company’s stock.

Wall Street Analysts Forecast Growth

ARCH has been the subject of a number of research analyst reports. 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 note on Thursday, April 18th. Benchmark restated a “buy” rating and issued a $180.00 price objective on shares of Arch Resources in a research report on Monday, April 22nd. BMO Capital Markets reiterated a “market perform” rating and set a $165.00 target price (down previously from $180.00) on shares of Arch Resources in a research report on Wednesday, April 10th. B. Riley dropped 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 report on Monday, April 15th. Finally, StockNews.com cut shares of Arch Resources from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $177.00.

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.