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

StockNews.com began coverage on shares of Arch Resources (NYSE:ARCH) in a report issued on Wednesday morning. The firm issued a hold rating on the energy company’s stock.

Several other research analysts have also recently weighed in on the stock. Benchmark restated a buy rating and set a $180.00 price target on shares of Arch Resources in a report on Friday, July 26th. B. Riley reduced their price target on shares of Arch Resources from $198.00 to $188.00 and set a buy rating for the company in a research report on Friday, September 6th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Arch Resources currently has an average rating of Hold and an average price target of $175.75.

Arch Resources Trading Up 2.3 %

NYSE ARCH opened at $138.18 on Wednesday. Arch Resources has a 52 week low of $116.44 and a 52 week high of $187.60. The business has a 50 day moving average price of $130.26 and a 200-day moving average price of $149.74. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.07. The company has a market cap of $2.50 billion, a price-to-earnings ratio of 8.13 and a beta of 0.60.

Arch Resources (NYSE:ARCH) last posted its earnings results on Thursday, July 25th. The energy company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.50). Arch Resources had a net margin of 9.24% and a return on equity of 17.91%. The company had revenue of $608.75 million during the quarter, compared to the consensus estimate of $562.23 million. During the same quarter in the prior year, the business earned $4.04 EPS. The firm’s revenue for the quarter was down 19.6% compared to the same quarter last year. As a group, equities analysts expect that Arch Resources will post 10.73 earnings per share for the current fiscal year.

Arch Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.72%. The ex-dividend date was Friday, August 30th. Arch Resources’s dividend payout ratio (DPR) is presently 5.88%.

Institutional Trading of Arch Resources

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Goehring & Rozencwajg Associates LLC increased its holdings in Arch Resources by 4.4% during the 4th quarter. Goehring & Rozencwajg Associates LLC now owns 45,251 shares of the energy company’s stock worth $7,509,000 after acquiring an additional 1,915 shares during the period. GeoSphere Capital Management LLC grew its position in Arch Resources by 5.4% in the fourth quarter. GeoSphere Capital Management LLC now owns 49,472 shares of the energy company’s stock worth $8,209,000 after acquiring an additional 2,538 shares in the last quarter. Forest Avenue Capital Management LP raised its position in Arch Resources by 20.9% during the fourth quarter. Forest Avenue Capital Management LP now owns 113,295 shares of the energy company’s stock valued at $18,800,000 after purchasing an additional 19,568 shares in the last quarter. Scarborough Advisors LLC bought a new stake in Arch Resources during the fourth quarter worth about $56,000. Finally, Goldman Sachs Group Inc. increased its position in shares of Arch Resources by 9.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 182,870 shares of the energy company’s stock valued at $30,345,000 after purchasing an additional 16,273 shares during the last quarter. 88.14% of the stock is currently owned by 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.