Arch Resources (NYSE:ARCH) Posts Quarterly Earnings Results

Arch Resources (NYSE:ARCH) released its quarterly earnings data on Tuesday. The energy company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of $1.83 by ($2.17), RTT News reports. Arch Resources had a net margin of 9.24% and a return on equity of 17.91%. The firm had revenue of $617.90 million during the quarter, compared to the consensus estimate of $587.71 million. During the same quarter in the prior year, the company earned $3.91 EPS. Arch Resources’s quarterly revenue was down 17.0% on a year-over-year basis.

Arch Resources Stock Up 0.6 %

ARCH stock traded up $1.01 during trading hours on Friday, reaching $169.41. 216,279 shares of the stock were exchanged, compared to its average volume of 401,629. The firm’s 50-day moving average is $137.49 and its 200-day moving average is $147.44. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 12.23 and a beta of 0.59. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.54 and a quick ratio of 1.77. Arch Resources has a 12 month low of $116.44 and a 12 month high of $187.60.

Arch Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Friday, November 15th. Arch Resources’s dividend payout ratio (DPR) is presently 7.26%.

Insiders Place Their Bets

In other news, VP Deck Slone sold 253 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $144.75, for a total transaction of $36,621.75. Following the completion of the transaction, the vice president now directly owns 29,120 shares in the company, valued at $4,215,120. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 5.90% of the company’s stock.

Hedge Funds Weigh In On Arch Resources

A number of large investors have recently modified their holdings of ARCH. Vanguard Group Inc. lifted its stake in Arch Resources by 13.9% in the 1st quarter. Vanguard Group Inc. now owns 2,347,568 shares of the energy company’s stock valued at $377,465,000 after purchasing an additional 286,359 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Arch Resources by 13.6% in the 2nd quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company’s stock valued at $152,396,000 after purchasing an additional 119,505 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Arch Resources by 6.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 973,208 shares of the energy company’s stock valued at $148,146,000 after purchasing an additional 58,821 shares during the last quarter. Maple Rock Capital Partners Inc. lifted its stake in Arch Resources by 3.0% in the 1st quarter. Maple Rock Capital Partners Inc. now owns 522,439 shares of the energy company’s stock valued at $84,003,000 after purchasing an additional 15,000 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in Arch Resources by 14.1% in the 2nd quarter. American Century Companies Inc. now owns 478,990 shares of the energy company’s stock valued at $72,917,000 after acquiring an additional 59,072 shares during the period. 88.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ARCH. StockNews.com began coverage on shares of Arch Resources in a research report on Sunday, November 3rd. They issued a “hold” rating for the company. B. Riley lowered their price objective on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a research report on Friday, September 6th. Finally, Benchmark restated a “buy” rating and issued a $180.00 price objective on shares of Arch Resources in a research report on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $175.75.

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.