Arch Resources’ (ARCH) “Neutral” Rating Reaffirmed at Citigroup

Citigroup reaffirmed their neutral rating on shares of Arch Resources (NYSE:ARCH) in a report issued on Thursday, MarketBeat Ratings reports. They currently have a $170.00 target price on the energy company’s stock, down from their prior target price of $185.00.

ARCH has been the subject of several other reports. StockNews.com cut Arch Resources from a buy rating to a hold rating in a report on Thursday, March 7th. BMO Capital Markets reiterated a market perform rating and set a $165.00 price target (down from $180.00) on shares of Arch Resources in a report on Wednesday, April 10th. Finally, B. Riley lowered their price target on Arch Resources from $198.00 to $193.00 and set a buy rating for the company in a report on Monday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Hold and an average target price of $177.00.

Arch Resources Stock Down 1.0 %

Shares of ARCH opened at $162.66 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.83 and a current ratio of 2.49. Arch Resources has a one year low of $102.42 and a one year high of $187.60. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 6.77 and a beta of 0.68. The stock has a 50 day moving average price of $164.88 and a 200 day moving average price of $163.32.

Arch Resources (NYSE:ARCH) last issued its earnings results on Thursday, February 15th. The energy company reported $6.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.90 by ($0.83). The company had revenue of $774.00 million during the quarter, compared to analysts’ expectations of $704.53 million. Arch Resources had a net margin of 14.75% and a return on equity of 32.20%. The firm’s quarterly revenue was down 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $23.18 earnings per share. Equities research analysts forecast that Arch Resources will post 16.73 earnings per share for the current fiscal year.

Arch Resources Announces Dividend

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

Insider Buying and Selling

In related news, 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 transaction, the chairman now owns 136,725 shares of the company’s stock, valued at approximately $25,298,226.75. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Arch Resources news, VP Paul T. Demzik sold 4,451 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $178.40, for a total value of $794,058.40. Following the sale, the vice president now owns 2,192 shares of the company’s stock, valued at approximately $391,052.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman John W. Eaves sold 72,946 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $185.03, for a total value of $13,497,198.38. Following the completion of the sale, the chairman now directly owns 136,725 shares in the company, valued at approximately $25,298,226.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,335 shares of company stock valued at $19,126,100. Corporate insiders own 5.40% of the company’s stock.

Institutional Investors Weigh In On Arch Resources

Hedge funds have recently bought and sold shares of the stock. Advisors Asset Management Inc. raised its position in Arch Resources by 35.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 62,030 shares of the energy company’s stock valued at $10,586,000 after purchasing an additional 16,185 shares in the last quarter. Hudson Bay Capital Management LP acquired a new stake in shares of Arch Resources during the 3rd quarter worth about $2,560,000. Boston Partners acquired a new stake in shares of Arch Resources during the 3rd quarter worth about $1,138,000. Aigen Investment Management LP raised its position in shares of Arch Resources by 139.3% during the 3rd quarter. Aigen Investment Management LP now owns 8,518 shares of the energy company’s stock worth $1,454,000 after acquiring an additional 4,958 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. raised its position in shares of Arch Resources by 11.3% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 438,939 shares of the energy company’s stock worth $74,909,000 after acquiring an additional 44,700 shares in the last quarter. Institutional investors and hedge funds own 88.14% of the company’s stock.

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.