Arch Resources, Inc. (NYSE:ARCH) Receives Consensus Rating of “Hold” from Analysts

Arch Resources, Inc. (NYSE:ARCH) has been assigned an average rating of “Hold” from the five ratings firms that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $173.60.

Several research firms recently commented on ARCH. StockNews.com initiated coverage on Arch Resources in a research note on Friday. They set a “hold” rating for the company. Jefferies Financial Group downgraded Arch Resources from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $155.00 to $165.00 in a research report on Wednesday, November 13th. Benchmark reaffirmed a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a report on Monday, November 18th. Finally, B. Riley lowered their price target on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a report on Friday, September 6th.

Arch Resources Price Performance

NYSE ARCH opened at $154.23 on Friday. Arch Resources has a 12 month low of $116.44 and a 12 month high of $187.60. The stock has a market capitalization of $2.79 billion, a P/E ratio of 16.20 and a beta of 0.64. The firm’s 50-day moving average is $156.01 and its two-hundred day moving average is $147.86.

Arch Resources (NYSE:ARCH) last issued its quarterly earnings data on Tuesday, November 5th. The energy company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of $1.83 by ($2.17). Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. The firm had revenue of $617.90 million during the quarter, compared to analyst estimates of $587.71 million. During the same period in the previous year, the firm posted $3.91 earnings per share. The company’s quarterly revenue was down 17.0% compared to the same quarter last year. As a group, analysts anticipate that Arch Resources will post 5.86 EPS for the current year.

Arch Resources Dividend Announcement

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

Insider Buying and Selling at Arch Resources

In other news, VP Deck Slone sold 253 shares of the firm’s stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.40% of the stock is owned by company insiders.

Institutional Trading of Arch Resources

A number of institutional investors have recently modified their holdings of ARCH. CWM LLC boosted its holdings in Arch Resources by 132.0% during the second quarter. CWM LLC now owns 174 shares of the energy company’s stock worth $26,000 after buying an additional 99 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Arch Resources during the 3rd quarter valued at approximately $50,000. Blue Trust Inc. grew its holdings in shares of Arch Resources by 5,500.0% in the 2nd quarter. Blue Trust Inc. now owns 336 shares of the energy company’s stock worth $54,000 after acquiring an additional 330 shares during the period. Innealta Capital LLC acquired a new stake in shares of Arch Resources in the 2nd quarter worth approximately $55,000. Finally, KBC Group NV increased its stake 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 in the last quarter. 88.14% of the stock is currently owned by hedge funds and other institutional investors.

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.