Arch Resources (NYSE:ARCH) Coverage Initiated by Analysts at StockNews.com

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

A number of other equities research analysts have also recently weighed in on ARCH. Jefferies Financial Group cut Arch Resources from a “buy” rating to a “hold” rating and upped their price objective for the stock from $155.00 to $165.00 in a research note on Wednesday, November 13th. Benchmark restated a “buy” rating and issued a $180.00 price target on shares of Arch Resources in a report on Monday, November 18th. Finally, B. Riley cut their price objective on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Arch Resources has an average rating of “Hold” and a consensus target price of $173.60.

Arch Resources Stock Performance

NYSE ARCH opened at $137.73 on Friday. The company’s 50-day simple moving average is $156.34 and its two-hundred day simple moving average is $146.99. Arch Resources has a one year low of $116.44 and a one year high of $187.60. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 14.47 and a beta of 0.64.

Arch Resources (NYSE:ARCH) last issued its quarterly earnings data on Tuesday, November 5th. The energy company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.83 by ($2.17). The business had revenue of $617.90 million for the quarter, compared to analysts’ expectations of $587.71 million. Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. The business’s quarterly revenue was down 17.0% compared to the same quarter last year. During the same period in the previous year, the business earned $3.91 earnings per share. Equities 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 declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Friday, November 15th. Arch Resources’s dividend payout ratio is presently 10.50%.

Insider Transactions at Arch Resources

In other news, VP Deck Slone sold 253 shares of Arch Resources 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 approximately $4,215,120. The trade was a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 5.40% of the company’s stock.

Hedge Funds Weigh In On Arch Resources

Several hedge funds have recently made changes to their positions in ARCH. Nisa Investment Advisors LLC grew its stake in Arch Resources by 5.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,856 shares of the energy company’s stock valued at $283,000 after purchasing an additional 90 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Arch Resources by 1.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 176,014 shares of the energy company’s stock worth $26,795,000 after buying an additional 2,910 shares during the period. Innealta Capital LLC purchased a new position in Arch Resources during the 2nd quarter worth approximately $55,000. TrueMark Investments LLC acquired a new stake in Arch Resources during the 2nd quarter valued at approximately $981,000. Finally, Empirical Finance LLC lifted its stake in Arch Resources by 135.8% during the 2nd quarter. Empirical Finance LLC now owns 6,441 shares of the energy company’s stock valued at $981,000 after acquiring an additional 3,709 shares during the period. 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.