Arch Resources’ (ARCH) “Buy” Rating Reiterated at Benchmark

Benchmark reiterated their buy rating on shares of Arch Resources (NYSE:ARCH) in a report issued on Monday morning,Benzinga reports. They currently have a $180.00 price objective on the energy company’s stock.

A number of other research analysts have also recently commented on ARCH. Jefferies Financial Group cut Arch Resources from a “buy” rating to a “hold” rating and boosted their price target for the stock from $155.00 to $165.00 in a report on Wednesday, November 13th. B. Riley decreased their price objective on Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a report on Friday, September 6th. Finally, StockNews.com started coverage on Arch Resources in a report on Monday, November 11th. They set a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $173.60.

Arch Resources Stock Down 0.3 %

Arch Resources stock opened at $167.01 on Monday. Arch Resources has a 52-week low of $116.44 and a 52-week high of $187.60. The company has a market cap of $3.02 billion, a P/E ratio of 17.60 and a beta of 0.59. The business has a 50-day simple moving average of $143.78 and a two-hundred day simple moving average of $147.57.

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

Arch Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.60%. The ex-dividend date is Friday, November 15th. Arch Resources’s dividend payout ratio (DPR) is presently 10.50%.

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 stock was sold at an average price of $144.75, for a total value of $36,621.75. Following the completion of 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 this hyperlink. 5.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Arch Resources

Hedge funds have recently made changes to their positions in the stock. Nisa Investment Advisors LLC increased its holdings in shares of Arch Resources by 5.1% in the second quarter. Nisa Investment Advisors LLC now owns 1,856 shares of the energy company’s stock valued at $283,000 after purchasing an additional 90 shares during the period. CWM LLC increased its holdings in shares of Arch Resources by 132.0% in the second quarter. CWM LLC now owns 174 shares of the energy company’s stock valued at $26,000 after purchasing an additional 99 shares during the period. AlphaMark Advisors LLC increased its holdings in shares of Arch Resources by 6.6% in the second quarter. AlphaMark Advisors LLC now owns 1,956 shares of the energy company’s stock valued at $298,000 after purchasing an additional 121 shares during the period. Linden Thomas Advisory Services LLC increased its holdings in shares of Arch Resources by 1.4% in the second quarter. Linden Thomas Advisory Services LLC now owns 9,475 shares of the energy company’s stock valued at $1,442,000 after purchasing an additional 127 shares during the period. Finally, Hsbc Holdings PLC grew its holdings in Arch Resources by 6.5% during the second quarter. Hsbc Holdings PLC now owns 2,250 shares of the energy company’s stock worth $343,000 after acquiring an additional 137 shares during the period. 88.14% of the stock is currently owned by hedge funds and other institutional investors.

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.