StockNews.com Begins Coverage on Arch Resources (NYSE:ARCH)

StockNews.com started coverage on shares of Arch Resources (NYSE:ARCH) in a research note published on Tuesday. The brokerage issued a hold rating on the energy company’s stock.

Several other brokerages have also commented on ARCH. Benchmark reaffirmed a “buy” rating and issued a $180.00 price objective on shares of Arch Resources in a research report on Monday. Jefferies Financial Group lowered shares of Arch Resources from a “buy” rating to a “hold” rating and raised their price target for the stock from $155.00 to $165.00 in a research report on Wednesday, November 13th. Finally, B. Riley reduced their price target on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a research report on Friday, September 6th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $173.60.

Arch Resources Stock Up 0.8 %

Shares of Arch Resources stock opened at $167.57 on Tuesday. The firm has a market capitalization of $3.03 billion, a P/E ratio of 17.60 and a beta of 0.59. The company has a 50 day moving average price of $142.84 and a 200 day moving average price of $147.53. Arch Resources has a 52 week low of $116.44 and a 52 week high of $187.60.

Arch Resources (NYSE:ARCH) last announced its quarterly earnings data on Tuesday, November 5th. The energy company reported ($0.34) EPS for the quarter, missing the consensus estimate of $1.83 by ($2.17). The company had revenue of $617.90 million during the quarter, compared to analysts’ expectations of $587.71 million. Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. The business’s revenue for the quarter was down 17.0% compared to the same quarter last year. During the same period in the previous year, the business earned $3.91 earnings per share. As a group, research analysts anticipate that Arch Resources will post 5.86 earnings per share for the current fiscal year.

Arch Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.60%. Arch Resources’s payout ratio is 10.50%.

Insider Transactions at Arch Resources

In other news, VP Deck Slone sold 253 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president now owns 29,120 shares of the company’s stock, valued at $4,215,120. This trade represents a 0.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 5.90% of the company’s stock.

Institutional Investors Weigh In On Arch Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in ARCH. CWM LLC grew its stake in Arch Resources by 132.0% in the 2nd quarter. CWM LLC now owns 174 shares of the energy company’s stock valued at $26,000 after acquiring an additional 99 shares during the period. Quest Partners LLC acquired a new stake in Arch Resources in the 3rd quarter valued at $50,000. Blue Trust Inc. grew its stake in Arch Resources by 5,500.0% in the 2nd quarter. Blue Trust Inc. now owns 336 shares of the energy company’s stock valued at $54,000 after acquiring an additional 330 shares during the period. Innealta Capital LLC acquired a new stake in Arch Resources in the 2nd quarter valued at $55,000. Finally, KBC Group NV grew its stake in Arch Resources by 43.3% in the 3rd quarter. KBC Group NV now owns 569 shares of the energy company’s stock valued at $79,000 after acquiring an additional 172 shares during the period. Institutional investors and hedge funds 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.