Arch Resources (NYSE:ARCH) Shares Down 3.3%

Shares of Arch Resources, Inc. (NYSE:ARCH - Get Free Report) dropped 3.3% during mid-day trading on Tuesday . The company traded as low as $155.84 and last traded at $156.03. Approximately 54,965 shares traded hands during trading, a decline of 88% from the average daily volume of 467,299 shares. The stock had previously closed at $161.39.

Analyst Ratings Changes

ARCH has been the topic of a number of research reports. BMO Capital Markets reaffirmed 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. StockNews.com lowered shares of Arch Resources from a "buy" rating to a "hold" rating in a research report on Thursday, March 7th. Benchmark reaffirmed a "buy" rating and set a $180.00 target price on shares of Arch Resources in a research report on Monday. B. Riley lowered their price target on shares of Arch Resources from $198.00 to $193.00 and set a "buy" rating on the stock in a report on Monday, April 15th. Finally, Citigroup reissued a "neutral" rating and issued a $170.00 price target (down previously from $185.00) on shares of Arch Resources in a report on Thursday, April 18th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $177.00.

Arch Resources Price Performance

The stock has a market cap of $2.86 billion, a P/E ratio of 6.71 and a beta of 0.68. 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 company's fifty day simple moving average is $164.57 and its 200-day simple moving average is $163.61.

Arch Resources (NYSE:ARCH - Get Free Report) last issued its earnings results on Thursday, February 15th. The energy company reported $6.07 EPS for the quarter, missing the consensus estimate of $6.90 by ($0.83). Arch Resources had a net margin of 14.75% and a return on equity of 32.20%. The firm had revenue of $774.00 million during the quarter, compared to analyst estimates of $704.53 million. During the same quarter in the prior year, the firm posted $23.18 EPS. The firm's revenue for the quarter was down 9.9% on a year-over-year basis. As a group, sell-side analysts forecast that Arch Resources, Inc. will post 14.84 EPS for the current year.

Arch Resources Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.64%. Arch Resources's dividend payout ratio is presently 4.16%.

Insider Activity

In other news, VP Paul T. Demzik sold 4,451 shares of the business'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 sale, the vice president now owns 2,192 shares in the company, valued at approximately $391,052.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Paul T. Demzik sold 4,451 shares of the company's 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 transaction, the vice president now owns 2,192 shares in the company, valued at approximately $391,052.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP John A. Ziegler sold 148 shares of the company's stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $172.33, for a total transaction of $25,504.84. Following the transaction, the vice president now owns 23,232 shares in the company, valued at approximately $4,003,570.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 104,335 shares of company stock worth $19,126,100. Corporate insiders own 5.90% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ARCH. Vanguard Group Inc. raised its stake in shares of Arch Resources by 11.9% during the fourth quarter. Vanguard Group Inc. now owns 2,061,209 shares of the energy company's stock worth $342,037,000 after buying an additional 219,094 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Arch Resources by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 918,052 shares of the energy company's stock worth $152,343,000 after acquiring an additional 23,959 shares during the period. 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 valued at $74,909,000 after acquiring an additional 44,700 shares during the last quarter. Barclays PLC lifted its stake in shares of Arch Resources by 15.8% in the 3rd quarter. Barclays PLC now owns 339,666 shares of the energy company's stock valued at $57,967,000 after purchasing an additional 46,253 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of Arch Resources by 7.5% in the 4th quarter. Victory Capital Management Inc. now owns 281,463 shares of the energy company's stock worth $46,706,000 after purchasing an additional 19,738 shares during 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.