Arch Resources, Inc. (NYSE:ARCH) to Issue $0.25 Quarterly Dividend

Arch Resources, Inc. (NYSE:ARCH) declared a quarterly dividend on Tuesday, November 5th,RTT News reports. Investors of record on Friday, November 15th will be paid a dividend of 0.25 per share by the energy company on Tuesday, November 26th. This represents a $1.00 dividend on an annualized basis 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% per year over the last three years. Arch Resources has a payout ratio of 5.7% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Down 0.4 %

NYSE:ARCH traded down $0.68 during trading hours on Thursday, hitting $164.16. The company had a trading volume of 70,875 shares, compared to its average volume of 402,451. Arch Resources has a 1 year low of $116.44 and a 1 year high of $187.60. The company has a market cap of $2.97 billion, a P/E ratio of 17.32 and a beta of 0.59. The company has a 50-day moving average of $140.27 and a 200 day moving average of $147.51.

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

Analyst Ratings Changes

A number of analysts have issued reports on the company. StockNews.com began coverage on Arch Resources in a research report on Monday. They issued a “hold” rating on the stock. Benchmark reiterated a “buy” rating and issued a $180.00 price objective on shares of Arch Resources in a research note on Friday, July 26th. B. Riley cut their price target on Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a report on Friday, September 6th. Finally, Jefferies Financial Group downgraded Arch Resources from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $155.00 to $165.00 in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $173.60.

Insider Buying and Selling at Arch Resources

In related news, VP Deck Slone sold 253 shares of the business’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 transaction of $36,621.75. Following the completion of the sale, the vice president now owns 29,120 shares in the company, valued at $4,215,120. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.40% of the stock is owned by insiders.

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.