Arch Resources’ (ARCH) Buy Rating Reiterated at Benchmark

Benchmark restated their buy rating on shares of Arch Resources (NYSE:ARCH) in a research report released on Monday, Benzinga reports. Benchmark currently has a $180.00 price target on the energy company’s stock.

A number of other research analysts also recently issued reports on the company. StockNews.com downgraded Arch Resources from a buy rating to a hold rating in a report on Thursday, March 7th. Citigroup reissued a neutral rating and issued a $170.00 price objective (down previously from $185.00) on shares of Arch Resources in a research report on Thursday, April 18th. B. Riley lowered their price objective on Arch Resources from $198.00 to $193.00 and set a buy rating for the company in a research report on Monday, April 15th. Finally, BMO Capital Markets reissued a market perform rating and issued a $165.00 price objective (down previously from $180.00) on shares of Arch Resources in a research report on Wednesday, April 10th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Hold and an average target price of $177.00.

Arch Resources Trading Up 1.5 %

Shares of NYSE:ARCH opened at $159.11 on Monday. Arch Resources has a 12-month low of $102.42 and a 12-month high of $187.60. The business’s fifty day simple moving average is $164.02 and its 200-day simple moving average is $163.59. The company has a market capitalization of $2.90 billion, a PE ratio of 6.62 and a beta of 0.68. The company has a current ratio of 2.49, a quick ratio of 1.83 and a debt-to-equity ratio of 0.07.

Arch Resources (NYSE:ARCH) last announced its quarterly earnings results on Thursday, February 15th. The energy company reported $6.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.90 by ($0.83). Arch Resources had a net margin of 14.75% and a return on equity of 32.20%. The company had revenue of $774.00 million during the quarter, compared to analysts’ expectations of $704.53 million. During the same quarter in the prior year, the business posted $23.18 earnings per share. The company’s revenue was down 9.9% compared to the same quarter last year. As a group, equities research analysts predict that Arch Resources will post 14.84 earnings per share for the current fiscal year.

Arch Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a $0.25 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.63%. Arch Resources’s payout ratio is 4.16%.

Insiders Place Their Bets

In other Arch Resources news, Director James N. Chapman sold 2,005 shares of Arch Resources stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $184.08, for a total transaction of $369,080.40. Following the completion of the sale, the director now owns 1,219 shares of the company’s stock, valued at approximately $224,393.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Arch Resources news, Chairman John W. Eaves sold 72,946 shares of Arch Resources stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $185.03, for a total transaction of $13,497,198.38. Following the completion of the sale, the chairman now owns 136,725 shares of the company’s stock, valued at approximately $25,298,226.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James N. Chapman sold 2,005 shares of Arch Resources stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $184.08, for a total value of $369,080.40. Following the sale, the director now directly owns 1,219 shares of the company’s stock, valued at approximately $224,393.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 104,335 shares of company stock valued at $19,126,100. 5.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Arch Resources

A number of institutional investors have recently modified their holdings of the stock. Louisiana State Employees Retirement System purchased a new position in shares of Arch Resources during the 1st quarter valued at about $1,463,000. Maryland State Retirement & Pension System purchased a new position in shares of Arch Resources during the 1st quarter valued at about $1,102,000. State of Alaska Department of Revenue purchased a new position in shares of Arch Resources during the 1st quarter valued at about $1,799,000. Denali Advisors LLC purchased a new position in shares of Arch Resources during the 1st quarter valued at about $2,428,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Arch Resources by 137.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 29,820 shares of the energy company’s stock valued at $4,795,000 after buying an additional 17,270 shares during the last quarter. Hedge funds and other institutional investors own 88.14% of the company’s stock.

Arch Resources Company Profile

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.