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

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

Several other equities research analysts also recently issued reports on the stock. Benchmark restated a “buy” rating and issued a $180.00 price objective on shares of Arch Resources in a research note on Monday, November 18th. Jefferies Financial Group downgraded shares of Arch Resources from a “buy” rating to a “hold” rating and raised their price objective for the stock from $155.00 to $165.00 in a research note on Wednesday, November 13th. Finally, B. Riley lowered their price objective 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 equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $173.60.

Arch Resources Stock Down 0.5 %

NYSE:ARCH opened at $173.80 on Tuesday. Arch Resources has a 12 month low of $116.44 and a 12 month high of $187.60. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 18.26 and a beta of 0.59. The company’s 50 day moving average is $146.57 and its 200-day moving average is $147.99.

Arch Resources (NYSE:ARCH) last released its quarterly 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 the consensus estimate of $587.71 million. During the same period in the prior year, the business earned $3.91 EPS. The company’s revenue for the quarter was down 17.0% compared to the same quarter last year. Research analysts predict that Arch Resources will post 5.86 EPS for the current fiscal year.

Arch Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.58%. Arch Resources’s dividend payout ratio is currently 10.50%.

Insiders Place Their Bets

In other 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 value of $36,621.75. Following the sale, the vice president now owns 29,120 shares in the company, valued at approximately $4,215,120. The trade was a 0.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.40% of the company’s stock.

Institutional Investors Weigh In On Arch Resources

Several institutional investors and hedge funds have recently made changes to their positions in the company. Nisa Investment Advisors LLC raised 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 buying an additional 90 shares during the last quarter. CWM LLC raised 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 buying an additional 99 shares during the last quarter. AlphaMark Advisors LLC raised 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 buying an additional 121 shares during the last quarter. Linden Thomas Advisory Services LLC raised 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 buying an additional 127 shares during the last quarter. Finally, Hsbc Holdings PLC raised its holdings in shares of Arch Resources by 6.5% in the second quarter. Hsbc Holdings PLC now owns 2,250 shares of the energy company’s stock valued at $343,000 after buying an additional 137 shares during the last quarter. Institutional investors and hedge funds own 88.14% of the company’s stock.

Arch Resources Company Profile

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.