Brokerages Set Arch Resources, Inc. (NYSE:ARCH) PT at $173.60

Shares of Arch Resources, Inc. (NYSE:ARCH) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $167.17.

A number of equities analysts have commented on the stock. Piper Sandler raised shares of Arch Resources from a “neutral” rating to an “overweight” rating and reduced their price objective for the stock from $165.00 to $150.00 in a research report on Monday. Jefferies Financial Group raised Arch Resources from a “hold” rating to a “buy” rating and dropped their target price for the stock from $165.00 to $150.00 in a report on Monday. Benchmark reissued a “buy” rating and set a $180.00 target price on shares of Arch Resources in a report on Monday, November 18th. Finally, StockNews.com assumed coverage on Arch Resources in a report on Monday. They set a “hold” rating for the company.

Arch Resources Price Performance

ARCH stock opened at $139.48 on Thursday. The company has a fifty day moving average price of $155.76 and a two-hundred day moving average price of $145.42. Arch Resources has a one year low of $116.44 and a one year high of $187.60. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of 14.65 and a beta of 0.69.

Arch Resources (NYSE:ARCH) last released its quarterly earnings data 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 period last year, the firm earned $3.91 earnings per share. The company’s revenue for the quarter was down 17.0% compared to the same quarter last year. Research analysts anticipate that Arch Resources 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. Investors of record on Friday, November 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend was Friday, November 15th. Arch Resources’s dividend payout ratio (DPR) is presently 10.50%.

Insider Activity at Arch Resources

In related news, VP Deck Slone sold 253 shares of the business’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $144.75, for a total value of $36,621.75. Following the completion of the transaction, the vice president now owns 29,120 shares of the company’s stock, valued at $4,215,120. The trade was a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Hsbc Holdings PLC raised its stake in Arch Resources by 6.5% during the second quarter. Hsbc Holdings PLC now owns 2,250 shares of the energy company’s stock worth $343,000 after acquiring an additional 137 shares in the last quarter. GAMMA Investing LLC raised its stake in Arch Resources by 340.5% during the fourth quarter. GAMMA Investing LLC now owns 185 shares of the energy company’s stock worth $26,000 after acquiring an additional 143 shares in the last quarter. Gallacher Capital Management LLC raised its stake in Arch Resources by 5.4% during the second quarter. Gallacher Capital Management LLC now owns 2,877 shares of the energy company’s stock worth $438,000 after acquiring an additional 147 shares in the last quarter. KBC Group NV raised its stake in Arch Resources by 43.3% during the third quarter. KBC Group NV now owns 569 shares of the energy company’s stock worth $79,000 after acquiring an additional 172 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in Arch Resources by 7.5% during the second quarter. Bank of Montreal Can now owns 3,111 shares of the energy company’s stock worth $474,000 after acquiring an additional 217 shares in the last quarter. Institutional investors and hedge funds own 88.14% of the company’s stock.

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.