Arch Resources (NYSE:ARCH) Shares Gap Up to $126.74

Shares of Arch Resources, Inc. (NYSE:ARCH) gapped up before the market opened on Wednesday . The stock had previously closed at $126.74, but opened at $135.29. Arch Resources shares last traded at $135.00, with a volume of 514,648 shares.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Benchmark reaffirmed a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a research report on Friday, July 26th. B. Riley increased their price objective on Arch Resources from $192.00 to $198.00 and gave the company a “buy” rating in a report on Monday, July 29th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Arch Resources currently has an average rating of “Hold” and an average target price of $178.25.

Arch Resources Price Performance

The company has a market capitalization of $2.40 billion, a P/E ratio of 7.95 and a beta of 0.64. The business’s fifty day moving average price is $147.88 and its 200-day moving average price is $158.82. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.07.

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

Arch Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, August 30th. Arch Resources’s dividend payout ratio is currently 5.88%.

Institutional Investors Weigh In On Arch Resources

Institutional investors have recently modified their holdings of the stock. CWM LLC lifted its position in Arch Resources by 132.0% during the 2nd quarter. CWM LLC now owns 174 shares of the energy company’s stock worth $26,000 after acquiring an additional 99 shares during the period. Lindbrook Capital LLC lifted its stake in Arch Resources by 99.0% during the first quarter. Lindbrook Capital LLC now owns 201 shares of the energy company’s stock worth $32,000 after purchasing an additional 100 shares in the last quarter. Newbridge Financial Services Group Inc. raised its stake in shares of Arch Resources by 1,900.0% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 200 shares of the energy company’s stock valued at $33,000 after acquiring an additional 190 shares in the last quarter. Hexagon Capital Partners LLC raised its stake in shares of Arch Resources by 188.6% in the fourth quarter. Hexagon Capital Partners LLC now owns 202 shares of the energy company’s stock valued at $34,000 after acquiring an additional 132 shares in the last quarter. Finally, ICA Group Wealth Management LLC acquired a new stake in shares of Arch Resources in the fourth quarter valued at $53,000. 88.14% of the stock is owned by institutional investors.

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.