Arch Resources (NYSE:ARCH) Earns “Buy” Rating from Benchmark

Benchmark reiterated their buy rating on shares of Arch Resources (NYSE:ARCH) in a report released on Friday morning, Benzinga reports. The brokerage currently has a $180.00 target price on the energy company’s stock.

A number of other analysts have also weighed in on ARCH. BMO Capital Markets reissued a market perform rating and set a $165.00 price objective (down previously from $180.00) on shares of Arch Resources in a research note on Wednesday, April 10th. B. Riley dropped their price target on Arch Resources from $198.00 to $193.00 and set a buy rating for the company in a research note on Monday, April 15th. Finally, Citigroup reaffirmed a neutral rating and issued a $170.00 price target (down previously from $185.00) on shares of Arch Resources in a research note on Thursday, April 18th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Hold and an average price target of $178.25.

Arch Resources Stock Performance

NYSE:ARCH opened at $142.18 on Friday. The firm has a market cap of $2.57 billion, a PE ratio of 8.36 and a beta of 0.64. Arch Resources has a fifty-two week low of $125.10 and a fifty-two week high of $187.60. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.77 and a current ratio of 2.54. The business has a 50 day moving average price of $159.97 and a 200-day moving average price of $163.95.

Arch Resources (NYSE:ARCH) last released its quarterly earnings data on Thursday, July 25th. The energy company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.50). The company had revenue of $608.75 million for the quarter, compared to analysts’ expectations of $562.23 million. Arch Resources had a net margin of 9.24% and a return on equity of 17.91%. The business’s revenue for the quarter was down 19.6% compared to the same quarter last year. During the same period last year, the company posted $4.04 EPS. Equities research analysts predict that Arch Resources will post 13.27 earnings per share for the current year.

Arch Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Friday, August 30th. Arch Resources’s dividend payout ratio is currently 5.88%.

Hedge Funds Weigh In On Arch Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in ARCH. Vanguard Group Inc. lifted its position in Arch Resources by 13.9% during the first quarter. Vanguard Group Inc. now owns 2,347,568 shares of the energy company’s stock valued at $377,465,000 after buying an additional 286,359 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Arch Resources by 681.4% during the first quarter. Principal Financial Group Inc. now owns 108,929 shares of the energy company’s stock valued at $17,515,000 after acquiring an additional 94,989 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Arch Resources during the first quarter valued at $9,397,000. Lodge Hill Capital LLC increased its holdings in shares of Arch Resources by 54.2% during the first quarter. Lodge Hill Capital LLC now owns 131,100 shares of the energy company’s stock valued at $21,080,000 after acquiring an additional 46,100 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of Arch Resources by 248.6% during the first quarter. Empowered Funds LLC now owns 57,859 shares of the energy company’s stock valued at $9,303,000 after acquiring an additional 41,263 shares in the last quarter. Hedge funds and other 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.