Arch Resources (NYSE:ARCH) Sees Strong Trading Volume – What’s Next?

Arch Resources, Inc. (NYSE:ARCH) shares saw an uptick in trading volume on Monday . 660,928 shares traded hands during mid-day trading, an increase of 90% from the previous session’s volume of 348,263 shares.The stock last traded at $132.60 and had previously closed at $133.89.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ARCH. StockNews.com began coverage on shares of Arch Resources in a report on Tuesday. They issued a “hold” rating for the company. Piper Sandler raised shares of Arch Resources from a “neutral” rating to an “overweight” rating and decreased their price target for the company from $165.00 to $150.00 in a report on Monday, January 6th. Benchmark reaffirmed a “buy” rating and issued a $180.00 price target on shares of Arch Resources in a report on Monday, November 18th. Finally, Jefferies Financial Group upgraded shares of Arch Resources from a “hold” rating to a “buy” rating and cut their price objective for the company from $165.00 to $150.00 in a research report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $167.17.

Arch Resources Stock Performance

The stock has a market capitalization of $2.44 billion, a P/E ratio of 14.16 and a beta of 0.69. The company’s 50-day moving average is $154.73 and its two-hundred day moving average is $144.79.

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

Arch Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.74%. Arch Resources’s dividend payout ratio (DPR) is 10.50%.

Institutional Trading of Arch Resources

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC raised its position in shares of Arch Resources by 340.5% during the 4th quarter. GAMMA Investing LLC now owns 185 shares of the energy company’s stock worth $26,000 after buying an additional 143 shares in the last quarter. Quest Partners LLC bought a new stake in shares of Arch Resources during the 3rd quarter worth about $50,000. KBC Group NV raised its position in shares of Arch Resources by 43.3% during the 3rd quarter. KBC Group NV now owns 569 shares of the energy company’s stock worth $79,000 after buying an additional 172 shares in the last quarter. Blue Trust Inc. raised its position in shares of Arch Resources by 191.1% during the 3rd quarter. Blue Trust Inc. now owns 978 shares of the energy company’s stock worth $149,000 after buying an additional 642 shares in the last quarter. Finally, Westchester Capital Management LLC bought a new stake in shares of Arch Resources during the 3rd quarter worth about $157,000. 88.14% of the stock is currently owned by 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.