Arch Resources’ (ARCH) “Outperform” Rating Reaffirmed at BMO Capital Markets

BMO Capital Markets reaffirmed their outperform rating on shares of Arch Resources (NYSE:ARCH) in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a $180.00 price objective on the energy company’s stock.

ARCH has been the subject of several other research reports. B. Riley lowered their price objective on Arch Resources from $232.00 to $223.00 and set a buy rating for the company in a research report on Friday, February 16th. StockNews.com downgraded Arch Resources from a buy rating to a hold rating in a report on Thursday, March 7th.

Arch Resources Stock Performance

Shares of ARCH stock opened at $162.40 on Wednesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.83 and a current ratio of 2.49. Arch Resources has a fifty-two week low of $102.42 and a fifty-two week high of $187.60. The stock has a 50 day moving average price of $170.78 and a two-hundred day moving average price of $163.39. The company has a market capitalization of $2.98 billion, a P/E ratio of 6.76 and a beta of 0.68.

Arch Resources (NYSE:ARCH) last announced its quarterly earnings data on Thursday, February 15th. The energy company reported $6.07 earnings per share 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 company 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 posted $23.18 EPS. The business’s revenue for the quarter was down 9.9% compared to the same quarter last year. Analysts expect that Arch Resources will post 19.78 earnings per share for the current year.

Arch Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a dividend of $0.25 per share. 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 0.62%. Arch Resources’s dividend payout ratio is presently 4.16%.

Insider Activity at Arch Resources

In other Arch Resources news, Director Pamela R. Butcher bought 200 shares of the firm’s 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 acquisition, the director now directly owns 200 shares in the company, valued at $33,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Pamela R. Butcher acquired 200 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was 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 in the company, valued at $33,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James N. Chapman sold 2,005 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $184.08, for a total value of $369,080.40. Following the completion of the transaction, the director now owns 1,219 shares of the company’s stock, valued at approximately $224,393.52. The disclosure for this sale can be found here. Insiders sold a total of 107,611 shares of company stock worth $19,716,747 over the last quarter. 5.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Arch Resources

A number of institutional investors have recently added to or reduced their stakes in ARCH. Resurgent Financial Advisors LLC bought a new position in Arch Resources in the fourth quarter worth $29,000. Covestor Ltd grew its stake in shares of Arch Resources by 61.4% in the third quarter. Covestor Ltd now owns 184 shares of the energy company’s stock worth $31,000 after acquiring an additional 70 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Arch Resources in the second quarter worth $32,000. Hexagon Capital Partners LLC grew its stake in shares of Arch Resources by 188.6% in the fourth quarter. Hexagon Capital Partners LLC now owns 202 shares of the energy company’s stock worth $34,000 after acquiring an additional 132 shares during the last quarter. Finally, CVA Family Office LLC purchased a new stake in shares of Arch Resources in the fourth quarter worth $38,000. 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.