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

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

A number of other research analysts have also recently commented on ARCH. B. Riley lowered their price target 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 reiterated a “buy” rating and set a $180.00 price objective on shares of Arch Resources in a research report on Friday, July 26th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Arch Resources has a consensus rating of “Hold” and an average price target of $173.60.

Arch Resources Price Performance

Shares of NYSE ARCH opened at $163.45 on Monday. The stock has a market cap of $2.96 billion, a PE ratio of 17.32 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 firm has a fifty day moving average price of $140.27 and a 200-day moving average price of $147.51.

Arch Resources (NYSE:ARCH) last issued its quarterly earnings results on Tuesday, November 5th. The energy company reported ($0.34) earnings per share (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 business had revenue of $617.90 million during the quarter, compared to analysts’ expectations of $587.71 million. During the same quarter in the previous year, the company posted $3.91 EPS. The company’s quarterly revenue was down 17.0% on a year-over-year basis. On average, research analysts expect that Arch Resources will post 5.86 EPS for the current year.

Arch Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.61%. The ex-dividend date is Friday, November 15th. Arch Resources’s dividend payout ratio is presently 10.50%.

Insiders Place Their Bets

In other news, VP Deck Slone sold 253 shares of the company’s 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 sale, the vice president now directly owns 29,120 shares in the company, valued at approximately $4,215,120. This represents a 0.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate 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 ARCH. Vanguard Group Inc. raised its position in Arch Resources by 13.9% in the 1st quarter. Vanguard Group Inc. now owns 2,347,568 shares of the energy company’s stock worth $377,465,000 after purchasing an additional 286,359 shares during the period. Pacer Advisors Inc. grew its stake in shares of Arch Resources by 13.6% during 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 during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Arch Resources by 6.4% in the second quarter. Dimensional Fund Advisors LP now owns 973,208 shares of the energy company’s stock worth $148,146,000 after buying an additional 58,821 shares during the period. FMR LLC lifted its stake in shares of Arch Resources by 159.5% during the 3rd quarter. FMR LLC now owns 657,654 shares of the energy company’s stock worth $90,862,000 after acquiring an additional 404,249 shares during the last quarter. Finally, Maple Rock Capital Partners Inc. boosted its holdings in Arch Resources by 3.0% during the 1st quarter. Maple Rock Capital Partners Inc. now owns 522,439 shares of the energy company’s stock valued at $84,003,000 after acquiring an additional 15,000 shares during the period. Hedge funds and other institutional investors 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.