Arch Resources, Inc. (NYSE:ARCH) Receives Consensus Rating of “Hold” from Analysts

Shares of Arch Resources, Inc. (NYSE:ARCH) have been given an average rating of “Hold” by the five brokerages that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $173.60.

A number of equities analysts recently commented on the company. B. Riley dropped 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. Jefferies Financial Group downgraded shares of Arch Resources from a “buy” rating to a “hold” rating and raised their price target for the company from $155.00 to $165.00 in a report on Wednesday, November 13th. Benchmark reiterated a “buy” rating and issued a $180.00 price objective on shares of Arch Resources in a report on Monday, November 18th. Finally, StockNews.com initiated coverage on Arch Resources in a report on Sunday. They set a “hold” rating on the stock.

Arch Resources Stock Up 0.7 %

Shares of NYSE:ARCH opened at $141.22 on Thursday. Arch Resources has a 12-month low of $116.44 and a 12-month high of $187.60. The firm has a market capitalization of $2.56 billion, a P/E ratio of 14.83 and a beta of 0.64. The firm has a fifty day moving average of $155.70 and a two-hundred day moving average of $145.67.

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

Arch Resources Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Friday, November 15th. Arch Resources’s dividend payout ratio is 10.50%.

Insider Buying and Selling at Arch Resources

In related 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 transaction of $36,621.75. Following the completion of the transaction, the vice president now directly owns 29,120 shares in the company, valued at $4,215,120. This represents a 0.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 the stock. JPMorgan Chase & Co. increased its stake in Arch Resources by 7.4% during the third quarter. JPMorgan Chase & Co. now owns 129,733 shares of the energy company’s stock valued at $17,924,000 after acquiring an additional 8,976 shares during the period. Franklin Resources Inc. lifted its position in Arch Resources by 7.4% in the third quarter. Franklin Resources Inc. now owns 12,240 shares of the energy company’s stock worth $1,785,000 after purchasing an additional 843 shares during the period. Sanctuary Advisors LLC increased its holdings in Arch Resources by 10.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 2,554 shares of the energy company’s stock valued at $353,000 after buying an additional 238 shares during the period. Geode Capital Management LLC raised its stake in shares of Arch Resources by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 413,811 shares of the energy company’s stock valued at $57,183,000 after buying an additional 3,073 shares in the last quarter. Finally, Vestcor Inc lifted its holdings in shares of Arch Resources by 48.2% during the 3rd quarter. Vestcor Inc now owns 5,381 shares of the energy company’s stock worth $743,000 after acquiring an additional 1,749 shares during the period. 88.14% of the stock is currently owned by institutional investors and hedge funds.

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.