StockNews.com Begins Coverage on Arch Resources (NYSE:ARCH)

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

A number of other analysts have also issued reports on the company. B. Riley lowered their price target on Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. Benchmark restated a “buy” rating and set a $180.00 price target on shares of Arch Resources in a research report on Friday, July 26th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $175.75.

Arch Resources Price Performance

Shares of NYSE ARCH opened at $142.50 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.77 and a current ratio of 2.54. The firm has a market cap of $2.58 billion, a PE ratio of 8.38 and a beta of 0.60. Arch Resources has a one year low of $116.44 and a one year high of $187.60. The firm has a fifty day moving average of $131.92 and a 200 day moving average of $148.32.

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

Arch Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.00 annualized dividend and a dividend yield of 0.70%. Arch Resources’s dividend payout ratio is presently 5.88%.

Insider Activity

In other Arch Resources news, VP Deck Slone sold 253 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $144.75, for a total value of $36,621.75. Following the transaction, the vice president now directly owns 29,120 shares in the company, valued at $4,215,120. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 5.40% of the company’s stock.

Institutional Investors Weigh In On Arch Resources

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CWM LLC boosted its stake in Arch Resources by 132.0% during the second quarter. CWM LLC now owns 174 shares of the energy company’s stock worth $26,000 after buying an additional 99 shares during the period. Blue Trust Inc. increased its holdings in Arch Resources by 5,500.0% in the 2nd quarter. Blue Trust Inc. now owns 336 shares of the energy company’s stock valued at $54,000 after purchasing an additional 330 shares during the last quarter. Innealta Capital LLC acquired a new stake in Arch Resources in the 2nd quarter valued at approximately $55,000. Headlands Technologies LLC acquired a new position in Arch Resources during the first quarter worth $69,000. Finally, Virtus Investment Advisers Inc. purchased a new position in shares of Arch Resources during the first quarter worth $149,000. 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.