Arch Resources (NYSE:ARCH) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Arch Resources (NYSE:ARCH) in a research note published on Friday. The brokerage issued a hold rating on the energy company’s stock.

A number of other equities analysts also recently weighed in on the stock. Benchmark restated a “buy” rating and set a $180.00 target price on shares of Arch Resources in a report on Friday, July 26th. B. Riley reduced their target price on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a research report on Friday, September 6th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $175.75.

Arch Resources Price Performance

Shares of Arch Resources stock opened at $141.69 on Friday. Arch Resources has a fifty-two week low of $116.44 and a fifty-two week high of $187.60. The company has a market cap of $2.57 billion, a PE ratio of 8.33 and a beta of 0.60. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.54 and a quick ratio of 1.77. The firm has a fifty day moving average price of $131.65 and a two-hundred day moving average price of $148.40.

Arch Resources (NYSE:ARCH) last issued its earnings results on Thursday, July 25th. The energy company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.50). Arch Resources had a net margin of 9.24% and a return on equity of 17.91%. The business had revenue of $608.75 million during the quarter, compared to the consensus estimate of $562.23 million. During the same period last year, the business posted $4.04 EPS. The firm’s revenue for the quarter was down 19.6% compared to the same quarter last year. Analysts expect that Arch Resources will post 8.62 EPS for the current year.

Arch Resources Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend was Friday, August 30th. Arch Resources’s dividend payout ratio is currently 5.88%.

Insider Activity at Arch Resources

In other news, VP Deck Slone sold 253 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was 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 of the company’s stock, valued at $4,215,120. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 5.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Arch Resources

A number of large investors have recently bought and sold shares of ARCH. CWM LLC boosted its position in shares of Arch Resources by 132.0% during the second quarter. CWM LLC now owns 174 shares of the energy company’s stock valued at $26,000 after purchasing an additional 99 shares in the last quarter. Blue Trust Inc. raised its stake in Arch Resources by 5,500.0% during 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 period. Innealta Capital LLC purchased a new position in Arch Resources during the 2nd quarter valued at approximately $55,000. Headlands Technologies LLC purchased a new position in Arch Resources during the 1st quarter valued at approximately $69,000. Finally, Virtus Investment Advisers Inc. purchased a new position in Arch Resources during the 1st quarter valued at approximately $149,000. 88.14% of the stock is owned by hedge funds and other institutional investors.

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.