Arch Resources (NYSE:ARCH) Now Covered by StockNews.com

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

ARCH has been the subject of several other reports. B. Riley dropped their price objective on Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a report on Friday, September 6th. Benchmark reaffirmed a “buy” rating and issued a $180.00 price target on shares of Arch Resources in a research note on Monday, November 18th. Finally, Jefferies Financial Group lowered Arch Resources from a “buy” rating to a “hold” rating and boosted their price objective for the company from $155.00 to $165.00 in a research report on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $173.60.

Arch Resources Trading Down 0.5 %

Shares of NYSE:ARCH opened at $173.80 on Tuesday. The stock has a market capitalization of $3.15 billion, a P/E ratio of 18.26 and a beta of 0.59. Arch Resources has a 1-year low of $116.44 and a 1-year high of $187.60. The business has a 50-day moving average price of $146.57 and a two-hundred day moving average price of $147.99.

Arch Resources (NYSE:ARCH) last announced its quarterly earnings data 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 firm had revenue of $617.90 million for 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 posted $3.91 earnings per share. As a group, equities analysts predict that Arch Resources will post 5.86 EPS for the current year.

Arch Resources Announces Dividend

The firm 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 $0.25 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.58%. Arch Resources’s dividend payout ratio is presently 10.50%.

Insiders Place Their Bets

In other Arch Resources news, VP Deck Slone sold 253 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $144.75, for a total transaction of $36,621.75. Following the completion of the transaction, the vice president now owns 29,120 shares of the company’s stock, valued at $4,215,120. This represents a 0.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 5.40% of the company’s stock.

Hedge Funds Weigh In On Arch Resources

A number of large investors have recently bought and sold shares of the company. CWM LLC raised its stake in shares of Arch Resources by 132.0% during the 2nd quarter. CWM LLC now owns 174 shares of the energy company’s stock worth $26,000 after purchasing an additional 99 shares in the last quarter. Quest Partners LLC bought a new stake in Arch Resources in the 3rd quarter valued at $50,000. Blue Trust Inc. increased its position in Arch Resources by 5,500.0% during the 2nd quarter. Blue Trust Inc. now owns 336 shares of the energy company’s stock worth $54,000 after buying an additional 330 shares during the period. Innealta Capital LLC bought a new position in Arch Resources during the 2nd quarter worth $55,000. Finally, KBC Group NV increased its position in Arch Resources by 43.3% during the 3rd 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. Institutional investors and hedge funds 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.