Arch Resources (NYSE:ARCH) Now Covered by StockNews.com

StockNews.com began coverage on shares of Arch Resources (NYSE:ARCH) in a report released on Saturday morning. The brokerage issued a hold rating on the energy company’s stock.

A number of other research firms have also recently weighed in on ARCH. Jefferies Financial Group cut shares of Arch Resources from a “buy” rating to a “hold” rating and lifted their price objective for the company from $155.00 to $165.00 in a report on Wednesday, November 13th. B. Riley cut their price target 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 reiterated a “buy” rating and set a $180.00 price target 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 assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $173.60.

Arch Resources Trading Down 4.1 %

Shares of ARCH stock opened at $137.73 on Friday. Arch Resources has a twelve month low of $116.44 and a twelve month high of $187.60. The stock has a market cap of $2.49 billion, a P/E ratio of 14.47 and a beta of 0.64. The stock has a 50 day moving average of $156.34 and a 200 day moving average of $146.99.

Arch Resources (NYSE:ARCH) last issued 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 firm had revenue of $617.90 million for the quarter, compared to analyst estimates of $587.71 million. During the same period in the previous year, the business earned $3.91 EPS. Arch Resources’s revenue for the quarter was down 17.0% compared to the same quarter last year. On average, research analysts predict that Arch Resources will post 5.86 earnings per share for the current fiscal 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. The ex-dividend date was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.73%. Arch Resources’s dividend payout ratio is currently 10.50%.

Insider Buying and Selling

In related news, VP Deck Slone sold 253 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $144.75, for a total transaction 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 Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.40% of the company’s stock.

Institutional Inflows and Outflows

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

Arch Resources Company Profile

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.