Arch Resources’ (ARCH) Buy Rating Reaffirmed at Benchmark

Benchmark reiterated their buy rating on shares of Arch Resources (NYSE:ARCH) in a report published on Monday morning, Benzinga reports. Benchmark currently has a $180.00 target price on the energy company’s stock.

Several other equities analysts have also issued reports on ARCH. StockNews.com lowered Arch Resources from a buy rating to a hold rating in a research note on Thursday, March 7th. BMO Capital Markets reiterated a market perform rating and issued a $165.00 target price (down previously from $180.00) on shares of Arch Resources in a research note on Wednesday, April 10th. Citigroup reiterated a neutral rating and issued a $170.00 target price (down previously from $185.00) on shares of Arch Resources in a research note on Thursday, April 18th. Finally, B. Riley cut their target price on Arch Resources from $198.00 to $193.00 and set a buy rating on the stock in a research note on Monday, April 15th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Arch Resources currently has an average rating of Hold and an average price target of $177.00.

Arch Resources Stock Performance

Shares of Arch Resources stock opened at $161.34 on Monday. The firm has a market cap of $2.94 billion, a P/E ratio of 6.71 and a beta of 0.68. The company has a current ratio of 2.49, a quick ratio of 1.83 and a debt-to-equity ratio of 0.07. Arch Resources has a 12 month low of $102.42 and a 12 month high of $187.60. The stock’s fifty day moving average price is $164.57 and its 200-day moving average price is $163.61.

Arch Resources (NYSE:ARCH) last announced its quarterly earnings results on Thursday, February 15th. The energy company reported $6.07 EPS for the quarter, missing the consensus estimate of $6.90 by ($0.83). The firm had revenue of $774.00 million for the quarter, compared to analysts’ expectations of $704.53 million. Arch Resources had a net margin of 14.75% and a return on equity of 32.20%. The business’s quarterly revenue was down 9.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $23.18 EPS. On average, equities research analysts expect that Arch Resources will post 14.84 earnings per share for the current fiscal year.

Arch Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend was Wednesday, February 28th. Arch Resources’s dividend payout ratio is presently 4.16%.

Insiders Place Their Bets

In other Arch Resources news, Director James N. Chapman sold 2,005 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $184.08, for a total value of $369,080.40. Following the completion of the sale, the director now owns 1,219 shares of the company’s stock, valued at $224,393.52. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director James N. Chapman sold 2,005 shares of Arch Resources stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $184.08, for a total transaction of $369,080.40. Following the completion of the sale, the director now owns 1,219 shares of the company’s stock, valued at $224,393.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Matthew C. Giljum sold 199 shares of Arch Resources stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $169.64, for a total value of $33,758.36. Following the sale, the chief financial officer now directly owns 27,986 shares of the company’s stock, valued at approximately $4,747,545.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,335 shares of company stock valued at $19,126,100. 5.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Arch Resources

A number of institutional investors and hedge funds have recently modified their holdings of the company. Stratos Wealth Advisors LLC lifted its holdings in shares of Arch Resources by 1.1% during the fourth quarter. Stratos Wealth Advisors LLC now owns 5,599 shares of the energy company’s stock worth $929,000 after purchasing an additional 63 shares during the period. Covestor Ltd lifted its holdings in Arch Resources by 61.4% in the third quarter. Covestor Ltd now owns 184 shares of the energy company’s stock valued at $31,000 after acquiring an additional 70 shares during the period. Unison Advisors LLC lifted its holdings in Arch Resources by 2.5% in the fourth quarter. Unison Advisors LLC now owns 4,792 shares of the energy company’s stock valued at $795,000 after acquiring an additional 119 shares during the period. Hexagon Capital Partners LLC lifted its holdings in Arch Resources by 188.6% in the fourth quarter. Hexagon Capital Partners LLC now owns 202 shares of the energy company’s stock valued at $34,000 after acquiring an additional 132 shares during the period. Finally, Amalgamated Bank lifted its holdings in Arch Resources by 11.4% in the third quarter. Amalgamated Bank now owns 1,826 shares of the energy company’s stock valued at $312,000 after acquiring an additional 187 shares during the period. 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.