Arch Resources (NYSE:ARCH) Earns Hold Rating from Analysts at StockNews.com

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

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

Arch Resources Price Performance

NYSE ARCH opened at $138.55 on Friday. The company has a market cap of $2.51 billion, a P/E ratio of 14.55 and a beta of 0.64. Arch Resources has a 12 month low of $116.44 and a 12 month high of $187.60. The company has a 50-day moving average of $156.34 and a 200-day moving average of $146.84.

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 the consensus estimate of $1.83 by ($2.17). The company had revenue of $617.90 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the company posted $3.91 EPS. As a group, equities research analysts anticipate that Arch Resources will post 5.86 EPS for the current year.

Arch Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend was Friday, November 15th. Arch Resources’s dividend payout ratio (DPR) is 10.50%.

Insiders Place Their Bets

In other news, VP Deck Slone sold 253 shares of the 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 transaction, the vice president now 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 is accessible through this hyperlink. 5.90% of the stock is currently owned by company insiders.

Institutional Trading of Arch Resources

Several institutional investors and hedge funds have recently bought and sold shares of ARCH. Quest Partners LLC acquired a new position in Arch Resources in the third quarter valued at approximately $50,000. Innealta Capital LLC bought a new position in Arch Resources during the 2nd quarter worth $55,000. KBC Group NV increased its position in Arch Resources by 43.3% in the third 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. Blue Trust Inc. lifted its stake in Arch Resources by 191.1% in the third quarter. Blue Trust Inc. now owns 978 shares of the energy company’s stock valued at $149,000 after buying an additional 642 shares during the last quarter. Finally, Westchester Capital Management LLC acquired a new position in shares of Arch Resources during the third quarter valued at $157,000. Institutional investors and hedge funds own 88.14% of the company’s stock.

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.