Arch Resources, Inc. (NYSE:ARCH) VP John A. Ziegler Sells 4,079 Shares of Stock

Posted by Defense World Staff on Mar 1st, 2023

Arch Resources, Inc. (NYSE:ARCH – Get Rating) VP John A. Ziegler sold 4,079 shares of the stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $151.61, for a total transaction of $618,417.19. Following the completion of the sale, the vice president now owns 27,207 shares in the company, valued at $4,124,853.27. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Arch Resources Price Performance

Shares of ARCH opened at $157.35 on Wednesday. The stock has a market capitalization of $2.76 billion, a P/E ratio of 2.46 and a beta of 0.73. Arch Resources, Inc. has a twelve month low of $110.97 and a twelve month high of $183.53. The company has a 50 day moving average of $145.92 and a 200-day moving average of $144.86. The company has a quick ratio of 1.41, a current ratio of 1.93 and a debt-to-equity ratio of 0.09.

Arch Resources (NYSE:ARCH – Get Rating) last issued its quarterly earnings results on Thursday, February 16th. The energy company reported $23.18 earnings per share for the quarter, topping the consensus estimate of $10.90 by $12.28. The company had revenue of $859.50 million during the quarter, compared to analysts’ expectations of $798.37 million. Arch Resources had a net margin of 35.73% and a return on equity of 114.13%. The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period last year, the business earned $13.19 EPS. As a group, equities research analysts forecast that Arch Resources, Inc. will post 38.17 EPS for the current fiscal year.

Arch Resources Cuts Dividend

The firm also recently declared a None dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Tuesday, February 28th will be paid a dividend of $3.11 per share. The ex-dividend date is Monday, February 27th. This represents a dividend yield of 0.6%. Arch Resources’s dividend payout ratio is currently 1.56%.

Hedge Funds Weigh In On Arch Resources

Several hedge funds have recently made changes to their positions in the business. Resurgent Financial Advisors LLC bought a new position in shares of Arch Resources in the fourth quarter valued at $29,000. Point72 Hong Kong Ltd bought a new position in shares of Arch Resources in the second quarter valued at $32,000. Ronald Blue Trust Inc. bought a new position in shares of Arch Resources in the fourth quarter valued at $33,000. HBK Sorce Advisory LLC bought a new position in shares of Arch Resources in the third quarter valued at $39,000. Finally, CENTRAL TRUST Co bought a new position in shares of Arch Resources in the third quarter valued at $39,000. 88.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ARCH shares. StockNews.com cut Arch Resources from a “buy” rating to a “hold” rating in a research note on Thursday, January 19th. B. Riley lowered their target price on Arch Resources from $207.00 to $204.00 and set a “buy” rating for the company in a research note on Friday, February 17th. Finally, BMO Capital Markets increased their target price on Arch Resources from $185.00 to $200.00 in a research note on Friday, February 17th.

Arch Resources Company Profile

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Arch Resources, Inc engages in the production and distribution of thermal coal. It operates through the following segments: Powder River Basin, Metallurgical, and Other Thermal. The Powder River Basin segment contains the company’s thermal operations in Wyoming. The Metallurgical segment contains metallurgical operations in West Virginia.