Arch Resources (NYSE:ARCH) Earns “Buy” Rating from Benchmark

Benchmark reissued their buy rating on shares of Arch Resources (NYSE:ARCH) in a report released on Friday morning, Benzinga reports. They currently have a $180.00 target price on the energy company’s stock.

Several other research analysts have also recently weighed in on ARCH. Citigroup reiterated a neutral rating and issued a $170.00 price target (down previously from $185.00) on shares of Arch Resources in a report on Thursday, April 18th. 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. Finally, B. Riley cut their price objective on shares of Arch Resources from $198.00 to $193.00 and set a buy rating on the stock in a research report on Monday, April 15th. Three research 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 has a consensus rating of Hold and an average target price of $178.25.

Arch Resources Stock Down 0.2 %

Arch Resources stock opened at $142.18 on Friday. The stock has a market capitalization of $2.57 billion, a PE ratio of 8.36 and a beta of 0.64. Arch Resources has a twelve month low of $125.10 and a twelve month high of $187.60. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.07. The company has a 50 day moving average of $159.97 and a 200-day moving average of $163.95.

Arch Resources (NYSE:ARCH) last released its quarterly earnings results on Thursday, July 25th. The energy company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.50). The company had revenue of $608.75 million during the quarter, compared to analyst estimates of $562.23 million. Arch Resources had a net margin of 9.24% and a return on equity of 17.91%. The firm’s quarterly revenue was down 19.6% compared to the same quarter last year. During the same quarter last year, the company earned $4.04 EPS. On average, equities research analysts anticipate that Arch Resources will post 13.27 EPS for the current fiscal year.

Arch Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders 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 yield of 0.70%. The ex-dividend date of this dividend is Friday, August 30th. Arch Resources’s dividend payout ratio (DPR) is currently 5.88%.

Institutional Trading of Arch Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in ARCH. CWM LLC raised its position in Arch Resources by 132.0% during the second quarter. CWM LLC now owns 174 shares of the energy company’s stock worth $26,000 after acquiring an additional 99 shares in the last quarter. Lindbrook Capital LLC raised its position 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 acquiring an additional 100 shares in the last quarter. Newbridge Financial Services Group Inc. increased its holdings 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 purchasing an additional 190 shares during the last quarter. Hexagon Capital Partners LLC increased its holdings 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 purchasing an additional 132 shares during the last quarter. Finally, CVA Family Office LLC acquired a new position in shares of Arch Resources in the fourth quarter valued at $38,000. 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.