Arch Resources (NYSE:ARCH) Now Covered by Analysts at StockNews.com

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

A number of other research analysts have also recently weighed in on ARCH. Benchmark reiterated a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a research note on Monday, November 18th. Piper Sandler raised Arch Resources from a “neutral” rating to an “overweight” rating and reduced their price objective for the company from $165.00 to $150.00 in a report on Monday, January 6th. Finally, Jefferies Financial Group upgraded Arch Resources from a “hold” rating to a “buy” rating and lowered their target price for the company from $165.00 to $150.00 in a research note on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Arch Resources currently has a consensus rating of “Moderate Buy” and an average target price of $167.17.

Arch Resources Price Performance

Shares of NYSE ARCH opened at $134.83 on Wednesday. The company has a market capitalization of $2.44 billion, a PE ratio of 14.16 and a beta of 0.69. The stock’s 50 day moving average price is $151.41 and its 200-day moving average price is $143.67. Arch Resources has a twelve month low of $116.44 and a twelve month high of $187.60.

Arch Resources (NYSE:ARCH) last posted its quarterly earnings data on Tuesday, November 5th. The energy company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $1.83 by ($2.17). The business had revenue of $617.90 million during the quarter, compared to analysts’ expectations of $587.71 million. Arch Resources had a return on equity of 13.22% and a net margin of 6.69%. The firm’s revenue for the quarter was down 17.0% on a year-over-year basis. During the same period in the prior year, the firm posted $3.91 EPS. As a group, research analysts expect that Arch Resources will post 5.02 EPS for the current fiscal year.

Arch Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Friday, November 15th. Arch Resources’s dividend payout ratio (DPR) is presently 10.50%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ARCH. GAMMA Investing LLC lifted its holdings in shares of Arch Resources by 340.5% in the fourth quarter. GAMMA Investing LLC now owns 185 shares of the energy company’s stock worth $26,000 after buying an additional 143 shares in the last quarter. Quest Partners LLC purchased a new stake in Arch Resources in the 3rd quarter worth approximately $50,000. KBC Group NV boosted its holdings 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 purchasing an additional 172 shares during the period. Blue Trust Inc. grew its position in shares of Arch Resources by 191.1% during the 3rd quarter. Blue Trust Inc. now owns 978 shares of the energy company’s stock valued at $149,000 after purchasing an additional 642 shares in the last quarter. Finally, Westchester Capital Management LLC bought a new position in shares of Arch Resources in the third quarter worth $157,000. Institutional investors own 88.14% of the company’s stock.

About Arch Resources

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.