Arch Resources, Inc. (NYSE:ARCH) Announces $1.11 None Dividend

Arch Resources, Inc. (NYSE:ARCH - Get Free Report) announced a None dividend on Thursday, April 25th, Zacks reports. Shareholders 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 raised its dividend by an average of 26.0% per year over the last three years.

Arch Resources Price Performance

NYSE ARCH traded down $1.01 during trading hours on Friday, reaching $164.42. 368,800 shares of the stock traded hands, compared to its average volume of 471,477. The stock has a 50 day simple moving average of $164.08 and a two-hundred day simple moving average of $163.64. Arch Resources has a 1 year low of $102.42 and a 1 year high of $187.60. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.49 and a quick ratio of 1.83. 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 - Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The energy company reported $2.98 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 company's quarterly revenue was down 21.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $10.02 earnings per share. On average, analysts predict that Arch Resources will post 14.84 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Citigroup reiterated a "neutral" rating and issued a $170.00 price objective (down previously from $185.00) on shares of Arch Resources in a report on Thursday, April 18th. StockNews.com downgraded Arch Resources from a "buy" rating to a "hold" rating in a report on Thursday, March 7th. Benchmark reiterated a "buy" rating and issued a $180.00 price objective on shares of Arch Resources in a report on Monday. B. Riley reduced their price target on Arch Resources from $198.00 to $193.00 and set a "buy" rating on the stock in a report on Monday, April 15th. Finally, BMO Capital Markets restated a "market perform" rating and set a $165.00 price target (down previously from $180.00) on shares of Arch Resources in a report on Wednesday, April 10th. Three 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 stock has an average rating of "Hold" and a consensus target price of $177.00.

Insider Buying and Selling at Arch Resources

In other news, Chairman John W. Eaves sold 72,946 shares of the business's stock in a transaction that occurred 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 sale, the chairman now directly owns 136,725 shares of the company's stock, valued at approximately $25,298,226.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CFO Matthew C. Giljum sold 199 shares of the business's stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $169.64, for a total value of $33,758.36. Following the sale, the chief financial officer now directly owns 27,986 shares of the company's stock, valued at approximately $4,747,545.04. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman John W. Eaves sold 72,946 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chairman now directly owns 136,725 shares in the company, valued at $25,298,226.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 104,335 shares of company stock valued at $19,126,100. 5.40% of the stock is currently owned by corporate insiders.

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.