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 report released on Sunday morning. The brokerage issued a hold rating on the energy company’s stock.

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

Arch Resources Stock Down 0.5 %

Arch Resources stock opened at $136.56 on Friday. Arch Resources has a 52-week low of $116.44 and a 52-week high of $187.60. The firm has a market cap of $2.47 billion, a PE ratio of 14.34 and a beta of 0.64. The company’s 50 day moving average is $155.75 and its two-hundred day moving average is $145.93.

Arch Resources (NYSE:ARCH) last announced its quarterly earnings data on Tuesday, November 5th. The energy company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $587.71 million. During the same quarter in the previous year, the business posted $3.91 earnings per share. The firm’s revenue was down 17.0% on a year-over-year basis. On average, equities research analysts anticipate that Arch Resources will post 5.86 earnings per share for the current fiscal year.

Arch Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.73%. Arch Resources’s payout ratio is currently 10.50%.

Insider Activity

In other news, VP Deck Slone sold 253 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $4,215,120. The trade was a 0.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of Arch Resources by 159.5% during the third quarter. FMR LLC now owns 657,654 shares of the energy company’s stock worth $90,862,000 after buying an additional 404,249 shares during the period. Holocene Advisors LP lifted its position in Arch Resources by 422.4% during the 3rd quarter. Holocene Advisors LP now owns 250,349 shares of the energy company’s stock worth $34,588,000 after acquiring an additional 202,425 shares during the period. Pacer Advisors Inc. grew its stake in shares of Arch Resources by 13.6% in the 2nd quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company’s stock valued at $152,396,000 after purchasing an additional 119,505 shares during the last quarter. First Eagle Investment Management LLC acquired a new position in shares of Arch Resources in the second quarter valued at approximately $11,813,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Arch Resources during the third quarter worth approximately $9,828,000. 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.