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

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

A number of other research analysts also recently issued reports on ARCH. B. Riley cut their price objective on Arch Resources from $198.00 to $188.00 and set a buy rating for the company in a research note on Friday, September 6th. Benchmark reissued a buy rating and issued a $180.00 price objective on shares of Arch Resources in a research note on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $175.75.

Arch Resources Stock Performance

NYSE:ARCH traded down $0.86 on Thursday, hitting $143.70. The stock had a trading volume of 4,055 shares, compared to its average volume of 408,853. The business’s 50-day simple moving average is $130.10 and its two-hundred day simple moving average is $149.25. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 10.50 and a beta of 0.60. Arch Resources has a 52-week low of $116.44 and a 52-week high of $187.60. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.07.

Arch Resources (NYSE:ARCH) last posted its quarterly earnings data on Thursday, July 25th. The energy company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.50). The business had revenue of $608.75 million during the quarter, compared to analysts’ expectations of $562.23 million. Arch Resources had a return on equity of 17.91% and a net margin of 9.24%. The business’s quarterly revenue was down 19.6% compared to the same quarter last year. During the same period in the previous year, the business posted $4.04 EPS. As a group, research analysts predict that Arch Resources will post 8.62 earnings per share for the current year.

Arch Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Friday, August 30th. Arch Resources’s payout ratio is currently 7.26%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC increased its position in Arch Resources by 5.1% in the second quarter. Nisa Investment Advisors LLC now owns 1,856 shares of the energy company’s stock worth $283,000 after purchasing an additional 90 shares during the last quarter. CWM LLC increased its holdings in shares of Arch Resources by 132.0% in the 2nd quarter. CWM LLC now owns 174 shares of the energy company’s stock worth $26,000 after buying an additional 99 shares during the last quarter. AlphaMark Advisors LLC raised its position in shares of Arch Resources by 6.6% during the 2nd 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 in the last quarter. Linden Thomas Advisory Services LLC lifted its holdings in shares of Arch Resources by 1.4% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 9,475 shares of the energy company’s stock valued at $1,442,000 after acquiring an additional 127 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in shares of Arch Resources by 6.5% in the 2nd quarter. Hsbc Holdings PLC now owns 2,250 shares of the energy company’s stock valued at $343,000 after acquiring an additional 137 shares during the last quarter. Institutional investors 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.