Analysts Set Arch Resources, Inc. (NYSE:ARCH) PT at $173.60

Arch Resources, Inc. (NYSE:ARCH) has been given an average recommendation of “Moderate Buy” by the six research firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $167.17.

A number of equities research analysts have commented on ARCH shares. StockNews.com began coverage on Arch Resources in a report on Monday. They set a “hold” rating on the stock. 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. Piper Sandler upgraded shares of Arch Resources from a “neutral” rating to an “overweight” rating and reduced their target price for the company from $165.00 to $150.00 in a report on Monday. Finally, Jefferies Financial Group upgraded shares of Arch Resources from a “hold” rating to a “buy” rating and lowered their price target for the stock from $165.00 to $150.00 in a report on Monday.

Insider Buying and Selling at Arch Resources

In other news, VP Deck Slone sold 253 shares of the company’s stock in a transaction 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 sale, the vice president now directly owns 29,120 shares in the company, valued at $4,215,120. This represents a 0.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 5.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Arch Resources

Institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its position in Arch Resources by 1.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 176,014 shares of the energy company’s stock worth $26,795,000 after purchasing an additional 2,910 shares in the last quarter. Regal Partners Ltd raised its holdings in shares of Arch Resources by 9.7% during the 2nd quarter. Regal Partners Ltd now owns 132,029 shares of the energy company’s stock valued at $20,099,000 after buying an additional 11,676 shares during the period. TD Asset Management Inc acquired a new position in Arch Resources during the 2nd quarter worth approximately $578,000. Hourglass Capital LLC boosted its holdings in Arch Resources by 24.8% in the 2nd quarter. Hourglass Capital LLC now owns 5,025 shares of the energy company’s stock worth $765,000 after acquiring an additional 1,000 shares during the period. Finally, Gallacher Capital Management LLC raised its stake in shares of Arch Resources by 5.4% during the second quarter. Gallacher Capital Management LLC now owns 2,877 shares of the energy company’s stock valued at $438,000 after purchasing an additional 147 shares during the period. Hedge funds and other institutional investors own 88.14% of the company’s stock.

Arch Resources Price Performance

ARCH opened at $140.47 on Thursday. The stock’s 50 day simple moving average is $155.47 and its 200 day simple moving average is $145.21. The stock has a market cap of $2.54 billion, a P/E ratio of 14.76 and a beta of 0.69. Arch Resources has a 1-year low of $116.44 and a 1-year high of $187.60.

Arch Resources (NYSE:ARCH) last issued 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). Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. The business 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 company posted $3.91 earnings per share. Arch Resources’s revenue was down 17.0% on a year-over-year basis. Research analysts expect that Arch Resources will post 5.86 EPS for the current fiscal year.

Arch Resources Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend was Friday, November 15th. Arch Resources’s dividend payout ratio (DPR) is 10.50%.

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.