Arch Resources, Inc. (NYSE:ARCH) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Arch Resources, Inc. (NYSE:ARCH) have been assigned an average rating of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $167.17.

Several research analysts have recently commented on ARCH shares. Benchmark reissued a “buy” rating and set a $180.00 price objective on shares of Arch Resources in a report on Monday, November 18th. StockNews.com assumed coverage on shares of Arch Resources in a report on Wednesday, January 22nd. They issued a “hold” rating on the stock. Piper Sandler upgraded shares of 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 report on Monday, January 6th. Finally, Jefferies Financial Group raised Arch Resources from a “hold” rating to a “buy” rating and reduced their target price for the company from $165.00 to $150.00 in a research note on Monday, January 6th.

Arch Resources Stock Performance

Shares of NYSE:ARCH opened at $134.83 on Monday. The company has a 50 day moving average of $149.65 and a 200 day moving average of $143.21. The stock has a market cap of $2.44 billion, a P/E ratio of 14.16 and a beta of 0.69. Arch Resources has a 12 month low of $116.44 and a 12 month 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 for the quarter, missing the consensus estimate of $1.83 by ($2.17). The firm had revenue of $617.90 million during the quarter, compared to the consensus estimate of $587.71 million. Arch Resources had a return on equity of 13.22% and a net margin of 6.69%. The company’s revenue for the quarter was down 17.0% compared to the same quarter last year. During the same period in the previous year, the company posted $3.91 EPS. On average, equities analysts forecast that Arch Resources will post 5.02 earnings per share for the current fiscal year.

Arch Resources Announces Dividend

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

Institutional Investors Weigh In On Arch Resources

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC increased its stake in Arch Resources by 159.5% in the 3rd quarter. FMR LLC now owns 657,654 shares of the energy company’s stock worth $90,862,000 after purchasing an additional 404,249 shares during the period. Geode Capital Management LLC raised its holdings in Arch Resources by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 413,811 shares of the energy company’s stock valued at $57,183,000 after buying an additional 3,073 shares during the last quarter. Holocene Advisors LP grew 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 acquiring an additional 202,425 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Arch Resources by 6.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 190,202 shares of the energy company’s stock worth $26,278,000 after acquiring an additional 11,884 shares during the last quarter. Finally, Regal Partners Ltd raised its stake in shares of Arch Resources by 23.5% during the third quarter. Regal Partners Ltd now owns 163,105 shares of the energy company’s stock valued at $22,535,000 after acquiring an additional 31,076 shares during the last quarter. Institutional investors own 88.14% of the company’s stock.

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.