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

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

Other equities analysts have also issued reports about the stock. B. Riley cut their price target on shares of Arch Resources from $198.00 to $188.00 and set a buy rating on the stock in a report on Friday, September 6th. Benchmark reaffirmed a buy rating and set a $180.00 target price on shares of Arch Resources in a research report on Friday, July 26th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $175.75.

Arch Resources Trading Up 2.8 %

Shares of NYSE:ARCH opened at $136.94 on Tuesday. The company has a market capitalization of $2.48 billion, a PE ratio of 8.07 and a beta of 0.60. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.07. Arch Resources has a 12-month low of $116.44 and a 12-month high of $187.60. The business’s fifty day simple moving average is $131.83 and its 200-day simple moving average is $151.16.

Arch Resources (NYSE:ARCH) last announced its earnings results on Thursday, July 25th. The energy company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.50). Arch Resources had a return on equity of 17.91% and a net margin of 9.24%. The firm had revenue of $608.75 million during the quarter, compared to the consensus estimate of $562.23 million. During the same quarter in the prior year, the firm posted $4.04 earnings per share. The business’s revenue for the quarter was down 19.6% compared to the same quarter last year. As a group, equities research analysts predict that Arch Resources will post 10.73 earnings per share for the current fiscal year.

Arch Resources Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $0.25 per share. The ex-dividend date was Friday, August 30th. This represents a $1.00 dividend on an annualized basis and a yield of 0.73%. Arch Resources’s dividend payout ratio is currently 5.88%.

Institutional Investors Weigh In On Arch Resources

A number of institutional investors and hedge funds have recently modified their holdings of ARCH. Sanctuary Advisors LLC acquired a new position in Arch Resources during the second quarter valued at $381,000. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Arch Resources by 64.5% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 6,250 shares of the energy company’s stock valued at $951,000 after buying an additional 2,450 shares during the period. Creative Planning boosted its stake in shares of Arch Resources by 59.8% in the second quarter. Creative Planning now owns 2,712 shares of the energy company’s stock worth $413,000 after buying an additional 1,015 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in Arch Resources during the second quarter worth about $218,000. Finally, Maverick Capital Ltd. purchased a new position in Arch Resources during the second quarter valued at approximately $957,000. Institutional investors and hedge funds 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.