Arch Resources (NYSE:ARCH) Earns Neutral Rating from Citigroup

Citigroup reissued their neutral rating on shares of Arch Resources (NYSE:ARCH - Free Report) in a research report sent to investors on Thursday morning, MarketBeat.com reports. Citigroup currently has a $170.00 price objective on the energy company's stock, down from their previous price objective of $185.00.

Several other equities research analysts have also recently issued reports on the stock. BMO Capital Markets restated a market perform rating and issued a $165.00 target price (down previously from $180.00) on shares of Arch Resources in a report on Wednesday, April 10th. StockNews.com cut shares of Arch Resources from a buy rating to a hold rating in a research note on Thursday, March 7th. Finally, B. Riley dropped their price target on shares of Arch Resources from $198.00 to $193.00 and set a buy rating on the stock in a research note on Monday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $177.00.

Arch Resources Stock Down 1.0 %

Shares of ARCH traded down $1.64 on Thursday, hitting $162.66. 357,717 shares of the stock traded hands, compared to its average volume of 477,844. The company has a market capitalization of $2.97 billion, a PE ratio of 6.80 and a beta of 0.68. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.83 and a current ratio of 2.49. The business has a 50 day simple moving average of $165.05 and a 200 day simple moving average of $163.32. Arch Resources has a one year low of $102.42 and a one year high of $187.60.

Arch Resources (NYSE:ARCH - Get Free Report) 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). 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 during the quarter, compared to analysts' expectations of $704.53 million. During the same quarter in the prior year, the business posted $23.18 EPS. The company's revenue for the quarter was down 9.9% compared to the same quarter last year. As a group, equities 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 issued a $0.25 dividend. 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 dividend payout ratio is currently 4.16%.

Insider Buying and Selling

In other news, Director Pamela R. Butcher bought 200 shares of the company's stock in a transaction that occurred on Wednesday, March 13th. The stock was bought at an average price of $165.00 per share, with a total value of $33,000.00. Following the acquisition, the director now owns 200 shares of the company's stock, valued at approximately $33,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Arch Resources news, CFO Matthew C. Giljum sold 199 shares of the business's stock in a transaction on Monday, February 12th. The shares were sold at an average price of $169.64, for a total value of $33,758.36. Following the sale, the chief financial officer now owns 27,986 shares in the company, valued at approximately $4,747,545.04. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Pamela R. Butcher purchased 200 shares of the firm's stock in a transaction on Wednesday, March 13th. The stock was bought at an average price of $165.00 per share, for a total transaction of $33,000.00. Following the purchase, the director now owns 200 shares in the company, valued at $33,000. The disclosure for this purchase can be found here. In the last quarter, insiders sold 106,043 shares of company stock valued at $19,442,080. Company insiders own 5.40% of the company's stock.

Institutional Trading of Arch Resources

Several hedge funds have recently made changes to their positions in ARCH. Advisor Group Holdings Inc. raised its position in shares of Arch Resources by 2.9% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,371 shares of the energy company's stock valued at $325,000 after buying an additional 67 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Arch Resources by 6.6% during the 1st quarter. Bank of New York Mellon Corp now owns 78,779 shares of the energy company's stock valued at $10,823,000 after buying an additional 4,910 shares in the last quarter. MetLife Investment Management LLC raised its position in Arch Resources by 58.0% in the 1st quarter. MetLife Investment Management LLC now owns 8,190 shares of the energy company's stock worth $1,125,000 after purchasing an additional 3,007 shares during the period. Dimensional Fund Advisors LP raised its position in Arch Resources by 2.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 519,483 shares of the energy company's stock worth $71,366,000 after purchasing an additional 14,434 shares during the period. Finally, Ergoteles LLC purchased a new stake in Arch Resources in the 1st quarter worth about $619,000. 88.14% of the stock is currently owned by hedge funds and other institutional investors.

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.