Arch Resources (NYSE:ARCH) Earns Hold Rating from Analysts at StockNews.com

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

ARCH has been the subject of a number of other reports. B. Riley reduced their price objective on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Benchmark restated a “buy” rating and issued a $180.00 price objective on shares of Arch Resources in a report on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $175.75.

Arch Resources Stock Performance

Shares of ARCH opened at $166.43 on Friday. 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 stock has a market cap of $3.01 billion, a P/E ratio of 12.09 and a beta of 0.59. The business’s 50 day moving average price is $136.82 and its 200-day moving average price is $147.29. Arch Resources has a 52 week low of $116.44 and a 52 week high of $187.60.

Arch Resources (NYSE:ARCH) last released its earnings results on Tuesday, November 5th. The energy company reported ($0.34) EPS for the quarter, missing the consensus estimate of $1.83 by ($2.17). Arch Resources had a return on equity of 17.91% and a net margin of 9.24%. The company had revenue of $617.90 million during the quarter, compared to the consensus estimate of $587.71 million. During the same period last year, the firm posted $3.91 earnings per share. The company’s revenue was down 17.0% compared to the same quarter last year. Equities research analysts anticipate that Arch Resources will post 7.84 earnings per share for the current fiscal year.

Arch Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 15th will be given 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 yield of 0.60%. Arch Resources’s dividend payout ratio (DPR) is 7.26%.

Insider Buying and Selling

In related news, VP Deck Slone sold 253 shares of Arch Resources stock in a transaction on Monday, October 14th. The stock was sold at an average price of $144.75, for a total value of $36,621.75. Following the completion of the sale, the vice president now owns 29,120 shares of the company’s stock, valued at $4,215,120. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 5.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Arch Resources

Several hedge funds have recently bought and sold shares of the stock. Janney Montgomery Scott LLC lifted its position in shares of Arch Resources by 94.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 13,986 shares of the energy company’s stock valued at $2,249,000 after buying an additional 6,778 shares in the last quarter. Natixis bought a new stake in shares of Arch Resources during the 1st quarter valued at $2,892,000. Comerica Bank lifted its stake in shares of Arch Resources by 29.6% during the 1st quarter. Comerica Bank now owns 22,551 shares of the energy company’s stock valued at $3,626,000 after buying an additional 5,153 shares in the last quarter. Envestnet Asset Management Inc. bought a new position in Arch Resources in the 2nd quarter worth $8,700,000. Finally, Virtu Financial LLC purchased a new stake in Arch Resources in the 1st quarter worth $604,000. 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.