Arch Resources (NYSE:ARCH) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Arch Resources (NYSE:ARCH) in a research note issued to investors on Friday morning. The firm issued a hold rating on the energy company’s stock.

A number of other research analysts have also recently weighed in on the stock. B. Riley dropped their target price on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. Benchmark reaffirmed a “buy” rating and issued a $180.00 price target on shares of Arch Resources in a report on Friday, July 26th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $175.75.

Arch Resources Stock Performance

Shares of ARCH opened at $141.84 on Friday. The stock has a 50 day moving average of $131.65 and a 200 day moving average of $148.52. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 8.34 and a beta of 0.60. Arch Resources has a 12 month low of $116.44 and a 12 month high of $187.60. 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 (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.50). The business had revenue of $608.75 million for the quarter, compared to analysts’ expectations of $562.23 million. Arch Resources had a net margin of 9.24% and a return on equity of 17.91%. The company’s revenue for the quarter was down 19.6% compared to the same quarter last year. During the same period in the prior year, the business earned $4.04 earnings per share. As a group, sell-side analysts forecast that Arch Resources will post 8.62 earnings per share for the current year.

Arch Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.71%. The ex-dividend date was Friday, August 30th. Arch Resources’s dividend payout ratio (DPR) is presently 5.88%.

Insider Transactions at Arch Resources

In related news, VP Deck Slone sold 253 shares of the company’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 directly owns 29,120 shares in the company, valued at approximately $4,215,120. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.40% of the company’s stock.

Hedge Funds Weigh In On Arch Resources

Hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its stake in Arch Resources by 9.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 182,870 shares of the energy company’s stock worth $30,345,000 after purchasing an additional 16,273 shares during the period. Vanguard Group Inc. boosted its position in shares of Arch Resources by 11.9% in the fourth quarter. Vanguard Group Inc. now owns 2,061,209 shares of the energy company’s stock valued at $342,037,000 after acquiring an additional 219,094 shares during the period. Quadrature Capital Ltd purchased a new position in Arch Resources during the fourth quarter valued at approximately $352,000. AlphaMark Advisors LLC increased its holdings in Arch Resources by 14.8% during the 1st quarter. AlphaMark Advisors LLC now owns 1,835 shares of the energy company’s stock worth $295,000 after acquiring an additional 236 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in Arch Resources by 137.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 29,820 shares of the energy company’s stock worth $4,795,000 after purchasing an additional 17,270 shares in the last quarter. 88.14% of the stock is currently owned by hedge funds and other 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.