Arch Resources (NYSE:ARCH) Stock Rating Reaffirmed by BMO Capital Markets

BMO Capital Markets restated their market perform rating on shares of Arch Resources (NYSE:ARCH) in a research note published on Wednesday morning, Marketbeat Ratings reports. The firm currently has a $165.00 target price on the energy company’s stock, down from their previous target price of $180.00.

Several other analysts also recently commented on ARCH. StockNews.com downgraded shares of Arch Resources from a buy rating to a hold rating in a report on Thursday, March 7th. B. Riley lowered their target price on shares of Arch Resources from $232.00 to $223.00 and set a buy rating for the company in a report on Friday, February 16th.

Arch Resources Stock Performance

ARCH opened at $156.93 on Wednesday. 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 moving average price is $166.11 and its two-hundred day moving average price is $163.55. Arch Resources has a 1-year low of $102.42 and a 1-year high of $187.60. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 6.53 and a beta of 0.68.

Arch Resources (NYSE:ARCH) last announced 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). The firm had revenue of $774.00 million during the quarter, compared to analysts’ expectations of $704.53 million. Arch Resources had a net margin of 14.75% and a return on equity of 32.20%. The business’s revenue for the quarter was down 9.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $23.18 EPS. On average, analysts expect that Arch Resources will post 19.22 EPS for the current fiscal year.

Arch Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, February 28th. This represents a $1.00 annualized dividend and a yield of 0.64%. Arch Resources’s payout ratio is currently 4.16%.

Insider Activity at Arch Resources

In related news, Director Pamela R. Butcher purchased 200 shares of Arch Resources stock in a transaction that occurred 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 completion of the transaction, the director now owns 200 shares in the company, valued at $33,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Arch Resources news, CFO Matthew C. Giljum sold 199 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $169.64, for a total transaction of $33,758.36. Following the completion of the transaction, the chief financial officer now owns 27,986 shares in the company, valued at $4,747,545.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Pamela R. Butcher bought 200 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were acquired at an average price of $165.00 per share, with a total value of $33,000.00. Following the transaction, the director now directly owns 200 shares of the company’s stock, valued at $33,000. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 106,043 shares of company stock worth $19,442,080. 5.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Arch Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ARCH. Advisors Asset Management Inc. raised its stake in Arch Resources by 35.3% in the third quarter. Advisors Asset Management Inc. now owns 62,030 shares of the energy company’s stock valued at $10,586,000 after purchasing an additional 16,185 shares in the last quarter. Hudson Bay Capital Management LP purchased a new stake in Arch Resources in the third quarter valued at approximately $2,560,000. Boston Partners purchased a new position in shares of Arch Resources during the third quarter worth approximately $1,138,000. Aigen Investment Management LP raised its stake in shares of Arch Resources by 139.3% during the third quarter. Aigen Investment Management LP now owns 8,518 shares of the energy company’s stock worth $1,454,000 after acquiring an additional 4,958 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. raised its stake in shares of Arch Resources by 11.3% during the third quarter. Maple Rock Capital Partners Inc. now owns 438,939 shares of the energy company’s stock worth $74,909,000 after acquiring an additional 44,700 shares in 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.