Arch Resources, Inc. (NYSE:ARCH) Given Consensus Rating of “Hold” by Brokerages

Shares of Arch Resources, Inc. (NYSE:ARCH) have been assigned an average recommendation of “Hold” from the five research firms that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $173.60.

A number of equities research analysts have recently commented on ARCH shares. Benchmark reiterated a “buy” rating and set a $180.00 price objective on shares of Arch Resources in a research report on Friday, July 26th. StockNews.com started coverage on Arch Resources in a report on Monday, November 11th. They set a “hold” rating for the company. Jefferies Financial Group cut Arch Resources from a “buy” rating to a “hold” rating and lifted their price target for the stock from $155.00 to $165.00 in a research note on Wednesday, November 13th. Finally, B. Riley decreased 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.

Arch Resources Stock Up 0.4 %

Shares of ARCH stock opened at $164.14 on Wednesday. The stock has a 50-day simple moving average of $141.93 and a 200 day simple moving average of $147.54. Arch Resources has a fifty-two week low of $116.44 and a fifty-two week high of $187.60. The stock has a market capitalization of $2.97 billion, a P/E ratio of 17.24 and a beta of 0.59.

Arch Resources (NYSE:ARCH) last posted its quarterly earnings data on Tuesday, November 5th. The energy company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $1.83 by ($2.17). Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. The business 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 business posted $3.91 EPS. The business’s revenue for the quarter was down 17.0% on a year-over-year basis. On average, sell-side analysts anticipate that Arch Resources will post 5.86 earnings per share for the current year.

Arch Resources Dividend Announcement

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

Insider Buying and Selling

In related 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 value of $36,621.75. Following the completion of the sale, the vice president now owns 29,120 shares of the company’s stock, valued at approximately $4,215,120. The trade was a 0.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ARCH. CWM LLC grew its stake in Arch Resources by 132.0% in the 2nd quarter. CWM LLC now owns 174 shares of the energy company’s stock valued at $26,000 after buying an additional 99 shares during the last quarter. Blue Trust Inc. raised its stake in Arch Resources by 5,500.0% during the 2nd quarter. Blue Trust Inc. now owns 336 shares of the energy company’s stock valued at $54,000 after purchasing an additional 330 shares during the last quarter. Innealta Capital LLC acquired a new position in Arch Resources in the 2nd quarter valued at approximately $55,000. Quest Partners LLC acquired a new position in shares of Arch Resources in the third quarter valued at $50,000. Finally, Headlands Technologies LLC bought a new position in shares of Arch Resources during the 1st quarter worth about $69,000. 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.