Arch Resources (NYSE:ARCH) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Arch Resources (NYSE:ARCH) in a research note published on Friday. The brokerage issued a hold rating on the energy company’s stock.

A number of other equities analysts also recently commented on ARCH. Jefferies Financial Group downgraded shares of Arch Resources from a “buy” rating to a “hold” rating and increased their price objective for the stock from $155.00 to $165.00 in a research note on Wednesday, November 13th. B. Riley decreased their price target on Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Finally, Benchmark reaffirmed a “buy” rating and set a $180.00 price target on shares of Arch Resources in a research report on Monday, November 18th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $173.60.

Arch Resources Stock Performance

NYSE ARCH opened at $154.23 on Friday. Arch Resources has a 52 week low of $116.44 and a 52 week high of $187.60. The stock’s 50 day moving average price is $156.01 and its two-hundred day moving average price is $147.73. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 16.20 and a beta of 0.64.

Arch Resources (NYSE:ARCH) last announced its quarterly earnings data on Tuesday, November 5th. The energy company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates 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 business’s revenue for the quarter was down 17.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.91 EPS. On average, equities research analysts forecast that Arch Resources will post 5.86 EPS for the current year.

Arch Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend was Friday, November 15th. Arch Resources’s dividend payout ratio (DPR) is presently 10.50%.

Insider Activity

In related news, VP Deck Slone sold 253 shares of Arch Resources stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $144.75, for a total transaction 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 approximately $4,215,120. The trade was a 0.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 5.40% of the company’s stock.

Institutional Investors Weigh In On Arch Resources

Several hedge funds have recently bought and sold shares of ARCH. FMR LLC increased its stake in shares of Arch Resources by 159.5% during the third quarter. FMR LLC now owns 657,654 shares of the energy company’s stock worth $90,862,000 after purchasing an additional 404,249 shares during the period. Holocene Advisors LP grew its holdings in Arch Resources by 422.4% in the 3rd quarter. Holocene Advisors LP now owns 250,349 shares of the energy company’s stock valued at $34,588,000 after buying an additional 202,425 shares in the last quarter. Pacer Advisors Inc. increased its position in Arch Resources by 13.6% during the 2nd quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company’s stock worth $152,396,000 after buying an additional 119,505 shares during the period. First Eagle Investment Management LLC acquired a new stake in shares of Arch Resources during the second quarter worth $11,813,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of Arch Resources in the third quarter valued at about $9,828,000. 88.14% of the stock is currently owned by institutional investors and hedge funds.

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.