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

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

A number of other analysts have also weighed in on the company. Jefferies Financial Group raised Arch Resources from a “hold” rating to a “buy” rating and dropped their price objective for the company from $165.00 to $150.00 in a research note on Monday, January 6th. Benchmark reissued a “buy” rating and set a $180.00 price target on shares of Arch Resources in a research report on Monday, November 18th. Finally, Piper Sandler raised shares of Arch Resources from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $165.00 to $150.00 in a report on Monday, January 6th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $167.17.

Arch Resources Price Performance

Arch Resources stock opened at $134.83 on Thursday. The firm has a fifty day simple moving average of $147.72 and a two-hundred day simple moving average of $142.70. Arch Resources has a twelve month low of $116.44 and a twelve month high of $187.60. The company has a market capitalization of $2.44 billion, a PE ratio of 14.16 and a beta of 0.69.

Arch Resources (NYSE:ARCH) last released its earnings results on Tuesday, November 5th. The energy company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of $1.83 by ($2.17). Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. The company had revenue of $617.90 million during the quarter, compared to the consensus estimate of $587.71 million. During the same period last year, the firm posted $3.91 EPS. The company’s revenue was down 17.0% on a year-over-year basis. As a group, equities analysts expect that Arch Resources will post 5.02 earnings per share for the current fiscal year.

Arch Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend was Friday, November 15th. Arch Resources’s dividend payout ratio (DPR) is currently 10.50%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its position in shares of Arch Resources by 340.5% during the fourth quarter. GAMMA Investing LLC now owns 185 shares of the energy company’s stock valued at $26,000 after buying an additional 143 shares during the period. Quest Partners LLC bought a new stake in Arch Resources during the 3rd quarter valued at approximately $50,000. KBC Group NV boosted its position in Arch Resources by 43.3% during the 3rd quarter. KBC Group NV now owns 569 shares of the energy company’s stock valued at $79,000 after acquiring an additional 172 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Arch Resources by 191.1% during the 3rd quarter. Blue Trust Inc. now owns 978 shares of the energy company’s stock worth $149,000 after acquiring an additional 642 shares during the period. Finally, Westchester Capital Management LLC bought a new position in shares of Arch Resources in the 3rd quarter worth approximately $157,000. 88.14% of the stock is currently owned by 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.