StockNews.com Initiates Coverage on Arch Resources (NYSE:ARCH)

StockNews.com assumed coverage on shares of Arch Resources (NYSE:ARCH) in a research note published on Wednesday morning. The brokerage issued a hold rating on the energy company’s stock.

Other research analysts have also issued research reports about the company. Jefferies Financial Group lowered 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 report on Wednesday, November 13th. B. Riley decreased their target price on Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Finally, Benchmark restated a “buy” rating and set a $180.00 price objective on shares of Arch Resources in a research report on Monday, November 18th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $173.60.

Arch Resources Price Performance

Shares of Arch Resources stock opened at $171.92 on Wednesday. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 18.06 and a beta of 0.59. The firm’s 50-day moving average is $151.19 and its two-hundred day moving average is $148.39. Arch Resources has a 1 year low of $116.44 and a 1 year high of $187.60.

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

Arch Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Friday, November 15th. Arch Resources’s dividend payout ratio is presently 10.50%.

Insider Activity

In other Arch Resources news, VP Deck Slone sold 253 shares of Arch Resources stock in a transaction that occurred on 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 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.40% of the company’s stock.

Institutional Trading of Arch Resources

A number of institutional investors have recently modified their holdings of ARCH. FMR LLC raised its position in Arch Resources by 159.5% during the 3rd quarter. FMR LLC now owns 657,654 shares of the energy company’s stock valued at $90,862,000 after purchasing an additional 404,249 shares during the last quarter. Holocene Advisors LP lifted its holdings in Arch Resources by 422.4% in the 3rd quarter. Holocene Advisors LP now owns 250,349 shares of the energy company’s stock worth $34,588,000 after purchasing an additional 202,425 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Arch Resources by 13.6% during the 2nd quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company’s stock valued at $152,396,000 after purchasing an additional 119,505 shares during the last quarter. First Eagle Investment Management LLC bought a new stake in shares of Arch Resources during the 2nd quarter worth approximately $11,813,000. Finally, Point72 Asset Management L.P. purchased a new position in Arch Resources during the 3rd quarter worth $9,828,000. 88.14% of the stock is currently owned by hedge funds and other institutional investors.

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.