Arch Resources (NYSE:ARCH) Research Coverage Started at StockNews.com

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

Other research analysts have also issued research reports about the stock. Benchmark restated a “buy” rating and set a $180.00 price target on shares of Arch Resources in a research note on Friday, July 26th. B. Riley cut their target price on Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $175.75.

Arch Resources Stock Up 0.6 %

Arch Resources stock opened at $142.50 on Friday. The business has a fifty day moving average price of $131.92 and a 200-day moving average price of $148.32. Arch Resources has a 1-year low of $116.44 and a 1-year high of $187.60. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 8.38 and a beta of 0.60. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.54 and a quick ratio of 1.77.

Arch Resources (NYSE:ARCH) last issued its quarterly earnings results on Thursday, July 25th. The energy company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.50). Arch Resources had a return on equity of 17.91% and a net margin of 9.24%. The business had revenue of $608.75 million during the quarter, compared to analyst estimates of $562.23 million. During the same period in the prior year, the business posted $4.04 EPS. Arch Resources’s revenue was down 19.6% compared to the same quarter last year. Equities research analysts forecast that Arch Resources will post 8.62 EPS for the current fiscal year.

Arch Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Friday, August 30th. Arch Resources’s dividend payout ratio is presently 5.88%.

Insider Buying and Selling at Arch Resources

In other Arch Resources news, VP Deck Slone sold 253 shares of the company’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 sale, the vice president now directly owns 29,120 shares of the company’s stock, valued at approximately $4,215,120. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.40% of the company’s stock.

Institutional Trading of Arch Resources

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of Arch Resources by 13.9% in the 1st quarter. Vanguard Group Inc. now owns 2,347,568 shares of the energy company’s stock valued at $377,465,000 after purchasing an additional 286,359 shares during the period. Pacer Advisors Inc. increased its holdings in Arch Resources by 13.6% in the second quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company’s stock valued at $152,396,000 after buying an additional 119,505 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Arch Resources by 681.4% in the first quarter. Principal Financial Group Inc. now owns 108,929 shares of the energy company’s stock worth $17,515,000 after acquiring an additional 94,989 shares during the period. First Eagle Investment Management LLC purchased a new stake in shares of Arch Resources during the 2nd quarter worth about $11,813,000. Finally, American Century Companies Inc. grew its position in shares of Arch Resources by 14.1% during the 2nd quarter. American Century Companies Inc. now owns 478,990 shares of the energy company’s stock valued at $72,917,000 after acquiring an additional 59,072 shares during the period. 88.14% of the stock is owned by institutional investors and hedge funds.

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.