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

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

A number of other equities analysts have also weighed in on the company. BMO Capital Markets reissued a market perform rating and issued a $165.00 target price (down previously from $180.00) on shares of Arch Resources in a research report on Wednesday, April 10th. B. Riley decreased their target price on Arch Resources from $198.00 to $193.00 and set a buy rating for the company in a research report on Monday. Finally, StockNews.com lowered Arch Resources from a buy rating to a hold rating in a research report on Thursday, March 7th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of Hold and an average price target of $177.00.

Arch Resources Stock Performance

Shares of Arch Resources stock opened at $162.66 on Thursday. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 6.77 and a beta of 0.68. The firm’s 50-day moving average is $164.88 and its 200 day moving average is $163.32. 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.

Arch Resources (NYSE:ARCH) last announced its quarterly 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 return on equity of 32.20% and a net margin of 14.75%. The firm had revenue of $774.00 million during the quarter, compared to the consensus estimate of $704.53 million. During the same quarter in the previous year, the firm earned $23.18 EPS. The business’s revenue for the quarter was down 9.9% on a year-over-year basis. Sell-side analysts anticipate that Arch Resources will post 16.73 EPS for the current fiscal year.

Arch Resources Announces Dividend

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

Insider Activity

In other 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 completion of 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP John A. Ziegler sold 148 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $172.33, for a total transaction of $25,504.84. Following the completion of the transaction, the vice president now directly owns 23,232 shares in the company, valued at approximately $4,003,570.56. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Paul T. Demzik sold 4,451 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now owns 2,192 shares of the company’s stock, valued at $391,052.80. The disclosure for this sale can be found here. Insiders sold 104,335 shares of company stock valued at $19,126,100 in the last quarter. 5.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ARCH. Maple Rock Capital Partners Inc. grew its stake in shares of Arch Resources by 15,612.6% during the 1st quarter. Maple Rock Capital Partners Inc. now owns 350,739 shares of the energy company’s stock valued at $46,108,000 after acquiring an additional 353,000 shares during the period. Vanguard Group Inc. grew its stake in shares of Arch Resources by 18.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,817,571 shares of the energy company’s stock valued at $215,564,000 after acquiring an additional 282,345 shares during the period. BlackRock Inc. grew its stake in shares of Arch Resources by 24.4% during the 2nd quarter. BlackRock Inc. now owns 1,261,637 shares of the energy company’s stock valued at $142,262,000 after acquiring an additional 247,238 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Arch Resources by 10,789.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 248,939 shares of the energy company’s stock valued at $48,000 after acquiring an additional 246,653 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in Arch Resources by 1,196.2% in the 3rd quarter. Victory Capital Management Inc. now owns 261,725 shares of the energy company’s stock worth $44,666,000 after purchasing an additional 241,534 shares during the period. 88.14% of the stock is currently owned by 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.