Arch Resources, Inc. (NYSE:ARCH) Sees Significant Growth in Short Interest

Arch Resources, Inc. (NYSE:ARCH) was the recipient of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 1,910,000 shares, an increase of 17.9% from the October 31st total of 1,620,000 shares. Based on an average daily volume of 366,000 shares, the days-to-cover ratio is presently 5.2 days.

Arch Resources Stock Down 0.8 %

ARCH traded down $1.44 during midday trading on Friday, reaching $171.92. The company had a trading volume of 76,421 shares, compared to its average volume of 391,579. Arch Resources has a 1 year low of $116.44 and a 1 year high of $187.60. The company has a market cap of $3.11 billion, a P/E ratio of 18.06 and a beta of 0.59. The business has a 50-day moving average of $151.19 and a two-hundred day moving average of $148.39.

Arch Resources (NYSE:ARCH) last posted its quarterly earnings results 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 the consensus estimate of $587.71 million. Arch Resources had a return on equity of 13.22% and a net margin of 6.69%. The company’s revenue for the quarter was down 17.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.91 earnings per share. On average, equities research analysts predict that Arch Resources will post 5.86 EPS for the current year.

Arch Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend was Friday, November 15th. Arch Resources’s payout ratio is presently 10.50%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ARCH. StockNews.com initiated coverage on Arch Resources in a report on Wednesday. They set a “hold” rating on the stock. B. Riley dropped their target price on Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. Benchmark reaffirmed a “buy” rating and set a $180.00 price objective on shares of Arch Resources in a research note on Monday, November 18th. Finally, Jefferies Financial Group downgraded Arch Resources from a “buy” rating to a “hold” rating and lifted their price target for the company from $155.00 to $165.00 in a research report on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $173.60.

Insider Transactions at Arch Resources

In other Arch Resources news, VP Deck Slone sold 253 shares of the stock in a transaction dated Monday, October 14th. The shares were 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 in the company, valued at approximately $4,215,120. This trade represents a 0.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 5.40% of the company’s stock.

Hedge Funds Weigh In On Arch Resources

Large investors have recently added to or reduced their stakes in the company. CWM LLC boosted its holdings in Arch Resources by 132.0% in 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. Quest Partners LLC purchased a new stake in Arch Resources during the 3rd quarter worth approximately $50,000. Blue Trust Inc. increased its stake in Arch Resources by 5,500.0% during the 2nd quarter. Blue Trust Inc. now owns 336 shares of the energy company’s stock valued at $54,000 after purchasing an additional 330 shares in the last quarter. Innealta Capital LLC purchased a new position in shares of Arch Resources in the second quarter worth $55,000. Finally, KBC Group NV lifted its stake in shares of Arch Resources by 43.3% during the third quarter. KBC Group NV now owns 569 shares of the energy company’s stock worth $79,000 after buying an additional 172 shares during the period. 88.14% of the stock is currently 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.