B. Riley Cuts Arch Resources (NYSE:ARCH) Price Target to $193.00

Arch Resources (NYSE:ARCH) had its price objective reduced by B. Riley from $198.00 to $193.00 in a report released on Monday, Benzinga reports. They currently have a buy rating on the energy company’s stock.

A number of other research analysts have also recently issued reports on ARCH. BMO Capital Markets reissued a market perform rating and issued a $165.00 target price (down from $180.00) on shares of Arch Resources in a research note on Wednesday, April 10th. StockNews.com cut Arch Resources from a buy rating to a hold rating in a research note on Thursday, March 7th. Finally, Citigroup boosted their price target on Arch Resources from $160.00 to $185.00 and gave the company a buy rating in a report on Thursday, April 11th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $180.75.

Arch Resources Stock Up 0.6 %

Shares of Arch Resources stock opened at $157.80 on Monday. Arch Resources has a 12 month low of $102.42 and a 12 month high of $187.60. The company has a quick ratio of 1.83, a current ratio of 2.49 and a debt-to-equity ratio of 0.07. The stock has a market cap of $2.88 billion, a PE ratio of 6.56 and a beta of 0.68. The business has a fifty day simple moving average of $165.10 and a 200 day simple moving average of $163.35.

Arch Resources (NYSE:ARCH) last posted its earnings results on Thursday, February 15th. The energy company reported $6.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.90 by ($0.83). Arch Resources had a net margin of 14.75% and a return on equity of 32.20%. The business had revenue of $774.00 million during the quarter, compared to analyst estimates of $704.53 million. During the same period in the previous year, the firm posted $23.18 earnings per share. The firm’s revenue was down 9.9% on a year-over-year basis. Research analysts predict that Arch Resources will post 19.22 EPS for the current year.

Arch Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.63%. Arch Resources’s dividend payout ratio (DPR) is 4.16%.

Insider Activity

In related news, Director James N. Chapman sold 2,005 shares of the company’s 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 sale, the director now owns 1,219 shares in the company, valued at $224,393.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Pamela R. Butcher bought 200 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were acquired at an average price of $165.00 per share, for a total transaction of $33,000.00. Following the completion of the acquisition, the director now owns 200 shares of the company’s stock, valued at approximately $33,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director James N. Chapman sold 2,005 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $184.08, for a total value of $369,080.40. Following the sale, the director now owns 1,219 shares in the company, valued at approximately $224,393.52. The disclosure for this sale can be found here. Insiders have sold a total of 106,043 shares of company stock worth $19,442,080 over the last three months. Corporate insiders own 5.90% of the company’s stock.

Institutional Trading of Arch Resources

Several institutional investors and hedge funds have recently bought and sold shares of ARCH. Maple Rock Capital Partners Inc. raised its stake in Arch Resources by 15,612.6% in the first quarter. Maple Rock Capital Partners Inc. now owns 350,739 shares of the energy company’s stock valued at $46,108,000 after buying an additional 353,000 shares during the period. Vanguard Group Inc. raised its stake in Arch Resources by 18.4% in the third quarter. Vanguard Group Inc. now owns 1,817,571 shares of the energy company’s stock valued at $215,564,000 after buying an additional 282,345 shares during the period. BlackRock Inc. raised its stake in Arch Resources by 24.4% in the second quarter. BlackRock Inc. now owns 1,261,637 shares of the energy company’s stock valued at $142,262,000 after buying an additional 247,238 shares during the period. Envestnet Asset Management Inc. raised its stake in Arch Resources by 10,789.7% in the first quarter. Envestnet Asset Management Inc. now owns 248,939 shares of the energy company’s stock valued at $48,000 after buying an additional 246,653 shares during the period. Finally, Victory Capital Management Inc. grew its position in shares of Arch Resources by 1,196.2% in the third quarter. Victory Capital Management Inc. now owns 261,725 shares of the energy company’s stock valued at $44,666,000 after purchasing an additional 241,534 shares during the last quarter. Institutional investors own 88.14% of the company’s stock.

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.