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

StockNews.com initiated coverage on shares of Arch Resources (NYSE:ARCH) in a research note released on Monday. The firm issued a hold rating on the energy company’s stock.

Several other equities research analysts also recently commented on the company. Benchmark reiterated a “buy” rating and issued a $180.00 price objective on shares of Arch Resources in a report on Monday, November 18th. Jefferies Financial Group lowered shares of Arch Resources from a “buy” rating to a “hold” rating and lifted their price target for the stock from $155.00 to $165.00 in a research note on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Arch Resources currently has an average rating of “Moderate Buy” and an average price target of $167.17.

Arch Resources Stock Performance

Shares of Arch Resources stock opened at $140.47 on Monday. The company has a 50-day simple moving average of $155.47 and a two-hundred day simple moving average of $145.21. The stock has a market capitalization of $2.54 billion, a PE ratio of 14.76 and a beta of 0.69. Arch Resources has a 52-week low of $116.44 and a 52-week high of $187.60.

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

Arch Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.71%. 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 transaction, the vice president now owns 29,120 shares of the company’s stock, valued at approximately $4,215,120. The trade was a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.90% of the stock is currently owned by company insiders.

Institutional Trading of Arch Resources

Hedge funds have recently bought and sold shares of the stock. Intech Investment Management LLC bought a new stake in shares of Arch Resources in the third quarter worth about $1,488,000. Barclays PLC raised its holdings in shares of Arch Resources by 143.8% during the 3rd quarter. Barclays PLC now owns 51,602 shares of the energy company’s stock worth $7,130,000 after acquiring an additional 30,437 shares in the last quarter. Envestnet Asset Management Inc. purchased a new position in shares of Arch Resources in the second quarter valued at $8,700,000. Maverick Capital Ltd. increased its position in Arch Resources by 55.8% in the third quarter. Maverick Capital Ltd. now owns 9,795 shares of the energy company’s stock worth $1,353,000 after purchasing an additional 3,510 shares during the last quarter. Finally, Mork Capital Management LLC lifted its position in Arch Resources by 50.0% during the third quarter. Mork Capital Management LLC now owns 15,000 shares of the energy company’s stock valued at $2,072,000 after purchasing an additional 5,000 shares during the last quarter. Hedge funds and other 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.