Arch Resources, Inc. (NYSE:ARCH – Get Free Report) shares traded up 4.5% during trading on Tuesday . The company traded as high as $129.09 and last traded at $128.66. 292,220 shares were traded during trading, a decline of 29% from the average session volume of 411,831 shares. The stock had previously closed at $123.15.
Analyst Ratings Changes
Several equities analysts recently issued reports on ARCH shares. Benchmark restated a “buy” rating and issued a $180.00 price target on shares of Arch Resources in a research report on Friday, July 26th. B. Riley boosted their price target on Arch Resources from $192.00 to $198.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $178.25.
Check Out Our Latest Analysis on ARCH
Arch Resources Trading Up 3.7 %
Arch Resources (NYSE:ARCH – Get Free Report) last posted its quarterly earnings results on Thursday, July 25th. The energy company reported $0.81 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.50). The business had revenue of $608.75 million during the quarter, compared to analyst estimates of $562.23 million. Arch Resources had a net margin of 9.24% and a return on equity of 17.91%. The firm’s quarterly revenue was down 19.6% compared to the same quarter last year. During the same period in the prior year, the business earned $4.04 earnings per share. Analysts expect that Arch Resources, Inc. will post 13.7 earnings per share for the current year.
Arch Resources Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be issued a $0.25 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.00 annualized dividend and a dividend yield of 0.74%. Arch Resources’s dividend payout ratio is currently 5.88%.
Institutional Trading of Arch Resources
Hedge funds have recently modified their holdings of the business. Nisa Investment Advisors LLC raised its holdings in Arch Resources by 5.1% during 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 raised its holdings 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 purchasing an additional 99 shares during the last quarter. Lindbrook Capital LLC raised its holdings in Arch Resources by 99.0% during the first quarter. Lindbrook Capital LLC now owns 201 shares of the energy company’s stock worth $32,000 after purchasing an additional 100 shares during the last quarter. AlphaMark Advisors LLC raised its holdings in Arch Resources by 6.6% during the second quarter. AlphaMark Advisors LLC now owns 1,956 shares of the energy company’s stock worth $298,000 after purchasing an additional 121 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC raised its holdings in Arch Resources by 1.4% during the second quarter. Linden Thomas Advisory Services LLC now owns 9,475 shares of the energy company’s stock worth $1,442,000 after purchasing an additional 127 shares during the last quarter. 88.14% of the stock is owned by institutional investors and hedge funds.
About Arch Resources
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.
Featured Articles
- Five stocks we like better than Arch Resources
- 3 Tickers Leading a Meme Stock Revival
- Does A&F’s Q2 Earnings Win Point to a Strong Holiday Season?
- The 3 Best Blue-Chip Stocks to Buy Now
- Best Buy Stock Flashes Bullish Signal, Challenges Remain
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- Affirm Shows Buy-Now-Pay-Later Is Here to Stay in Latest Results
Receive News & Ratings for Arch Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arch Resources and related companies with MarketBeat.com's FREE daily email newsletter.