Arch Resources (NYSE:ARCH) Hits New 52-Week Low at $124.07

Arch Resources, Inc. (NYSE:ARCH)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $124.07 and last traded at $124.43, with a volume of 119223 shares changing hands. The stock had previously closed at $128.53.

Analyst Ratings Changes

A number of analysts recently commented on ARCH shares. 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. Citigroup reissued a “neutral” rating and set a $170.00 price target (down from $185.00) on shares of Arch Resources in a research note on Thursday, April 18th. Finally, B. Riley raised their price objective on shares of Arch Resources from $192.00 to $198.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $178.25.

Arch Resources Stock Up 2.3 %

The business’s 50-day moving average is $150.05 and its two-hundred day moving average is $160.14. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 7.45 and a beta of 0.64. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.77 and a current ratio of 2.54.

Arch Resources (NYSE:ARCH) last issued its earnings results on Thursday, July 25th. The energy company reported $0.81 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.50). Arch Resources had a net margin of 9.24% and a return on equity of 17.91%. The firm had revenue of $608.75 million during the quarter, compared to the consensus estimate of $562.23 million. During the same period in the previous year, the company posted $4.04 EPS. The firm’s revenue for the quarter was down 19.6% on a year-over-year basis. On average, equities analysts anticipate that Arch Resources, Inc. will post 13.7 earnings per share for the current year.

Arch Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, August 30th. This represents a $1.00 annualized dividend and a yield of 0.79%. Arch Resources’s dividend payout ratio is presently 5.88%.

Hedge Funds Weigh In On Arch Resources

Several institutional investors and hedge funds have recently modified their holdings of ARCH. Vanguard Group Inc. boosted its stake in Arch Resources by 13.9% in the 1st quarter. Vanguard Group Inc. now owns 2,347,568 shares of the energy company’s stock worth $377,465,000 after purchasing an additional 286,359 shares during the period. Pacer Advisors Inc. boosted its position in shares of Arch Resources by 13.6% during the second quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company’s stock worth $152,396,000 after buying an additional 119,505 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Arch Resources by 6.4% during the second quarter. Dimensional Fund Advisors LP now owns 973,208 shares of the energy company’s stock worth $148,146,000 after buying an additional 58,821 shares in the last quarter. Maple Rock Capital Partners Inc. raised its position in Arch Resources by 3.0% in the 1st quarter. Maple Rock Capital Partners Inc. now owns 522,439 shares of the energy company’s stock valued at $84,003,000 after buying an additional 15,000 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in Arch Resources by 14.1% in the 2nd quarter. American Century Companies Inc. now owns 478,990 shares of the energy company’s stock valued at $72,917,000 after acquiring an additional 59,072 shares in the last quarter. 88.14% of the stock is currently owned by institutional investors and hedge funds.

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.