Arch Resources (NYSE:ARCH) Research Coverage Started at StockNews.com

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

Several other equities research analysts have also weighed in on the company. Benchmark reissued a “buy” rating and issued a $180.00 price objective on shares of Arch Resources in a report on Monday, November 18th. Piper Sandler upgraded Arch Resources from a “neutral” rating to an “overweight” rating and cut their target price for the stock from $165.00 to $150.00 in a research note on Monday, January 6th. Finally, Jefferies Financial Group upgraded Arch Resources from a “hold” rating to a “buy” rating and cut their target price for the stock from $165.00 to $150.00 in a research note on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $167.17.

Arch Resources Stock Performance

Shares of ARCH opened at $134.83 on Wednesday. The business has a 50-day moving average of $150.23 and a 200 day moving average of $143.54. Arch Resources has a fifty-two week low of $116.44 and a fifty-two week high of $187.60. The firm has a market cap of $2.44 billion, a P/E ratio of 14.16 and a beta of 0.69.

Arch Resources (NYSE:ARCH) last announced 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 return on equity of 13.22% and a net margin of 6.69%. The firm had revenue of $617.90 million during the quarter, compared to analysts’ expectations of $587.71 million. During the same period last year, the business posted $3.91 EPS. The company’s revenue was down 17.0% compared to the same quarter last year. As a group, research analysts predict that Arch Resources will post 5.02 earnings per share for the current fiscal year.

Arch Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th were given a dividend of $0.25 per share. The ex-dividend date 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 presently 10.50%.

Institutional Trading of Arch Resources

A number of large investors have recently modified their holdings of ARCH. GAMMA Investing LLC lifted its position in Arch Resources by 340.5% in 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 during the last quarter. Quest Partners LLC bought a new stake in Arch Resources in the 3rd quarter worth approximately $50,000. KBC Group NV lifted its position in Arch Resources by 43.3% in 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 during the last quarter. Blue Trust Inc. lifted its position in Arch Resources by 191.1% in 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 during the last quarter. Finally, Westchester Capital Management LLC bought a new stake in Arch Resources in the 3rd quarter worth approximately $157,000. Institutional investors 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.