Arch Resources (NYSE:ARCH) Now Covered by StockNews.com

by · The Cerbat Gem

StockNews.com started coverage on shares of Arch Resources (NYSE:ARCH – Free Report) in a research report sent to investors on Tuesday morning. The brokerage issued a hold rating on the energy company’s stock.

Other equities research analysts also recently issued research reports about the stock. Benchmark reaffirmed a “buy” rating and set a $180.00 price target on shares of Arch Resources in a research note on Monday. Jefferies Financial Group downgraded shares of Arch Resources from a “buy” rating to a “hold” rating and upped their price target for the company from $155.00 to $165.00 in a research note on Wednesday, November 13th. Finally, B. Riley decreased their price target on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $173.60.

Get Our Latest Stock Analysis on Arch Resources

Arch Resources Stock Performance

ARCH stock opened at $167.57 on Tuesday. Arch Resources has a one year low of $116.44 and a one year high of $187.60. The company’s fifty day moving average price is $142.84 and its 200-day moving average price is $147.53. The company has a market capitalization of $3.03 billion, a PE ratio of 17.60 and a beta of 0.59.

Arch Resources (NYSE:ARCH – Get Free Report) last released its earnings results on Tuesday, November 5th. The energy company reported ($0.34) EPS for the quarter, missing the consensus estimate of $1.83 by ($2.17). Arch Resources had a return on equity of 13.22% and a net margin of 6.69%. The company had revenue of $617.90 million during the quarter, compared to analysts’ expectations of $587.71 million. During the same period last year, the firm posted $3.91 EPS. Arch Resources’s quarterly revenue was down 17.0% compared to the same quarter last year. On average, research analysts predict that Arch Resources will post 5.86 EPS for the current fiscal year.

Arch Resources Dividend Announcement

The company 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 dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date is Friday, November 15th. Arch Resources’s dividend payout ratio (DPR) is 10.50%.

Insider Buying and Selling at Arch Resources

In other Arch Resources news, VP Deck Slone sold 253 shares of the business’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 transaction, the vice president now owns 29,120 shares in the company, valued at $4,215,120. The trade was a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 5.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Natixis bought a new position in shares of Arch Resources in the first quarter worth about $2,892,000. Comerica Bank lifted its position in shares of Arch Resources by 29.6% during the first quarter. Comerica Bank now owns 22,551 shares of the energy company’s stock valued at $3,626,000 after buying an additional 5,153 shares during the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of Arch Resources during the second quarter valued at about $8,700,000. Virtu Financial LLC purchased a new stake in shares of Arch Resources during the first quarter valued at about $604,000. Finally, CANADA LIFE ASSURANCE Co purchased a new stake in shares of Arch Resources during the first quarter valued at about $2,270,000. 88.14% of the stock is currently owned by institutional investors.

About Arch Resources

(Get Free Report)

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.

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