Arch Resources (NYSE:ARCH) Coverage Initiated by Analysts at StockNews.com

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

Several other brokerages have also recently commented on ARCH. Benchmark restated a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a research report on Monday, November 18th. B. Riley lowered 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 report on Friday, September 6th. Finally, Jefferies Financial Group downgraded Arch Resources from a “buy” rating to a “hold” rating and raised their target price for the company from $155.00 to $165.00 in a report on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Arch Resources currently has an average rating of “Hold” and an average target price of $173.60.

Arch Resources Price Performance

Shares of NYSE ARCH opened at $154.23 on Friday. The business has a fifty day moving average price of $156.01 and a two-hundred day moving average price of $147.73. The stock has a market capitalization of $2.79 billion, a PE ratio of 16.20 and a beta of 0.64. Arch Resources has a fifty-two week low of $116.44 and a fifty-two week high of $187.60.

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

Arch Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors 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 is 10.50%.

Insider Activity at Arch Resources

In other news, VP Deck Slone sold 253 shares of Arch Resources stock in a transaction dated Monday, October 14th. The stock was 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 of the company’s stock, valued at approximately $4,215,120. This trade represents a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ARCH. Intech Investment Management LLC bought a new stake in Arch Resources during the 3rd quarter worth approximately $1,488,000. Envestnet Asset Management Inc. bought a new stake in shares of Arch Resources in the second quarter worth $8,700,000. Maverick Capital Ltd. increased its holdings in Arch Resources by 55.8% in the third quarter. Maverick Capital Ltd. now owns 9,795 shares of the energy company’s stock valued at $1,353,000 after purchasing an additional 3,510 shares during the period. Mork Capital Management LLC increased its holdings in Arch Resources by 50.0% in the third quarter. Mork Capital Management LLC now owns 15,000 shares of the energy company’s stock valued at $2,072,000 after purchasing an additional 5,000 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in Arch Resources by 437.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 62,433 shares of the energy company’s stock worth $8,626,000 after purchasing an additional 50,819 shares during the last quarter. Institutional investors own 88.14% of the company’s stock.

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.