Arch Resources (NYSE:ARCH) Earns Hold Rating from Analysts at StockNews.com

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

Other analysts have also recently issued research reports about the company. Benchmark reissued a “buy” rating and set a $180.00 price objective on shares of Arch Resources in a report on Monday, November 18th. Jefferies Financial Group downgraded shares of Arch Resources from a “buy” rating to a “hold” rating and increased their price target for the stock from $155.00 to $165.00 in a report on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $167.17.

Arch Resources Stock Performance

Shares of ARCH opened at $140.47 on Monday. The firm has a market cap of $2.54 billion, a P/E ratio of 14.76 and a beta of 0.69. The business has a 50-day moving average of $155.47 and a 200 day moving average of $145.21. Arch Resources has a fifty-two week low of $116.44 and a fifty-two 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) 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 return on equity of 13.22% and a net margin of 6.69%. The firm’s quarterly revenue was down 17.0% on a year-over-year basis. During the same period last year, the business posted $3.91 earnings per share. As a group, research analysts predict that Arch Resources will post 5.86 earnings per share for the current fiscal year.

Arch Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend was Friday, November 15th. Arch Resources’s dividend payout ratio (DPR) is currently 10.50%.

Insider Buying and Selling

In related news, VP Deck Slone sold 253 shares of the company’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $144.75, for a total transaction of $36,621.75. Following the completion of the sale, the vice president now directly owns 29,120 shares in the company, valued at $4,215,120. This represents a 0.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 5.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

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