Arch Resources, Inc. (NYSE:ARCH) Announces Quarterly Dividend of $0.25

Arch Resources, Inc. (NYSE:ARCH) declared a quarterly dividend on Tuesday, November 5th,RTT News reports. Shareholders of record on Friday, November 15th will be given a dividend of 0.25 per share by the energy company on Tuesday, November 26th. This represents a $1.00 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Friday, November 15th.

Arch Resources has increased its dividend by an average of 26.0% annually over the last three years. Arch Resources has a payout ratio of 5.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Arch Resources to earn $19.35 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 5.2%.

Arch Resources Price Performance

Shares of ARCH stock traded down $0.68 during trading hours on Thursday, hitting $164.16. The stock had a trading volume of 70,875 shares, compared to its average volume of 402,451. The stock’s 50 day moving average is $140.27 and its 200 day moving average is $147.51. The firm has a market capitalization of $2.97 billion, a PE ratio of 17.32 and a beta of 0.59. Arch Resources has a twelve month low of $116.44 and a twelve month high of $187.60.

Arch Resources (NYSE:ARCH) last posted its quarterly earnings data on Tuesday, November 5th. The energy company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of $1.83 by ($2.17). Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. The business had revenue of $617.90 million during the quarter, compared to analyst estimates of $587.71 million. During the same quarter in the prior year, the firm posted $3.91 earnings per share. The company’s revenue for the quarter was down 17.0% compared to the same quarter last year. As a group, equities analysts predict that Arch Resources will post 5.86 earnings per share for the current year.

Insiders Place Their Bets

In other news, VP Deck Slone sold 253 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $144.75, for a total value of $36,621.75. Following the completion of the sale, the vice president now directly owns 29,120 shares of the company’s stock, valued at $4,215,120. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on ARCH. B. Riley reduced their price objective on Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a research note on Friday, September 6th. StockNews.com began coverage on Arch Resources in a report on Monday. They issued a “hold” rating on the stock. Jefferies Financial Group downgraded Arch Resources from a “buy” rating to a “hold” rating and increased their price target for the stock from $155.00 to $165.00 in a report on Wednesday. Finally, Benchmark reiterated a “buy” rating and issued a $180.00 price objective on shares of Arch Resources in a research report on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $173.60.

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.