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

Arch Resources, Inc. (NYSE:ARCH) announced 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 annualized dividend and a dividend yield of 0.63%. 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% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Arch Resources to earn $19.73 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 5.1%.

Arch Resources Stock Up 7.5 %

Arch Resources stock opened at $159.18 on Wednesday. Arch Resources has a twelve month low of $116.44 and a twelve month high of $187.60. The stock has a market cap of $2.88 billion, a P/E ratio of 10.76 and a beta of 0.59. The company’s 50-day moving average price is $136.10 and its two-hundred day moving average price is $147.16. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.07.

Arch Resources (NYSE:ARCH) last released its quarterly earnings results on Tuesday, November 5th. The energy company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $1.83 by ($2.17). The firm had revenue of $617.90 million for the quarter, compared to analyst estimates of $587.71 million. Arch Resources had a return on equity of 17.91% and a net margin of 9.24%. The business’s revenue for the quarter was down 17.0% on a year-over-year basis. During the same period in the previous year, the business posted $3.91 earnings per share. As a group, analysts expect that Arch Resources will post 7.84 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on ARCH. StockNews.com initiated coverage on shares of Arch Resources in a research note on Sunday. They issued a “hold” rating on the stock. B. Riley decreased their target price on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. Finally, Benchmark reiterated a “buy” rating and issued a $180.00 price target 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 assigned a buy rating to the stock. According to MarketBeat, Arch Resources presently has a consensus rating of “Hold” and an average price target of $175.75.

Insider Activity at Arch Resources

In other news, VP Deck Slone sold 253 shares of the company’s stock in a transaction on 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 approximately $4,215,120. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.90% 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.