StockNews.com Initiates Coverage on Arch Resources (NYSE:ARCH)

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

A number of other research firms also recently issued reports on ARCH. Benchmark restated a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a report on Friday, July 26th. B. Riley lowered their target price on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a report on Friday, September 6th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $173.60.

Arch Resources Price Performance

NYSE:ARCH opened at $164.87 on Monday. The firm has a 50 day simple moving average of $139.54 and a 200-day simple moving average of $147.39. The firm has a market cap of $2.99 billion, a PE ratio of 17.35 and a beta of 0.59. Arch Resources has a 1-year low of $116.44 and a 1-year high of $187.60.

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

Arch Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 0.61%. Arch Resources’s dividend payout ratio is currently 10.50%.

Insiders Place Their Bets

In other Arch Resources news, VP Deck Slone sold 253 shares of the business’s stock in a transaction that occurred 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ARCH. Mutual of America Capital Management LLC purchased a new position in shares of Arch Resources in the first quarter valued at $509,000. Texas Permanent School Fund Corp purchased a new position in shares of Arch Resources in the first quarter valued at $2,585,000. SG Americas Securities LLC purchased a new position in shares of Arch Resources in the first quarter valued at $850,000. Swiss National Bank boosted its stake in shares of Arch Resources by 1.2% in the first quarter. Swiss National Bank now owns 34,400 shares of the energy company’s stock valued at $5,531,000 after purchasing an additional 400 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of Arch Resources by 15.1% in the first quarter. Sei Investments Co. now owns 14,874 shares of the energy company’s stock valued at $2,392,000 after purchasing an additional 1,956 shares during the period. 88.14% of the stock is currently owned by hedge funds and other institutional investors.

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.