StockNews.com Begins Coverage on Arch Resources (NYSE:ARCH)

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

A number of other equities research analysts have also weighed in on ARCH. BMO Capital Markets upped their target price on shares of Arch Resources from $185.00 to $200.00 in a report on Friday, February 17th. B. Riley reduced their target price on shares of Arch Resources from $207.00 to $204.00 and set a buy rating for the company in a research report on Friday, February 17th.

Arch Resources Stock Down 1.3 %

Shares of ARCH opened at $133.03 on Thursday. The firm has a 50 day simple moving average of $148.28 and a two-hundred day simple moving average of $144.04. The company has a market cap of $2.33 billion, a P/E ratio of 2.08 and a beta of 0.73. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.93 and a quick ratio of 1.41. Arch Resources has a one year low of $110.97 and a one year high of $183.53.

Arch Resources (NYSE:ARCH – Get Rating) last issued its quarterly earnings data on Thursday, February 16th. The energy company reported $23.18 earnings per share for the quarter, topping the consensus estimate of $10.90 by $12.28. The company had revenue of $859.50 million for the quarter, compared to analysts’ expectations of $798.37 million. Arch Resources had a net margin of 35.73% and a return on equity of 114.13%. Arch Resources’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $13.19 earnings per share. Research analysts forecast that Arch Resources will post 38.17 EPS for the current fiscal year.

Arch Resources Cuts Dividend

The company also recently declared a None dividend, which was paid on Wednesday, March 15th. Shareholders of record on Tuesday, February 28th were issued a $3.11 dividend. This represents a yield of 0.6%. The ex-dividend date was Monday, February 27th. Arch Resources’s dividend payout ratio (DPR) is presently 1.56%.

Insiders Place Their Bets

In other news, VP John A. Ziegler sold 270 shares of Arch Resources stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $141.08, for a total transaction of $38,091.60. Following the sale, the vice president now owns 16,049 shares of the company’s stock, valued at approximately $2,264,192.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Arch Resources news, VP John A. Ziegler sold 270 shares of Arch Resources stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $141.08, for a total value of $38,091.60. Following the completion of the transaction, the vice president now directly owns 16,049 shares of the company’s stock, valued at $2,264,192.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Rosemary L. Klein sold 1,549 shares of the business’s stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $165.00, for a total transaction of $255,585.00. Following the transaction, the vice president now directly owns 7,999 shares of the company’s stock, valued at $1,319,835. The disclosure for this sale can be found here. Insiders have sold a total of 9,337 shares of company stock valued at $1,430,173 in the last quarter. Insiders own 8.00% of the company’s stock.

Hedge Funds Weigh In On Arch Resources

Hedge funds have recently modified their holdings of the company. Advisor Group Holdings Inc. boosted its position in shares of Arch Resources by 2.9% during the first quarter. Advisor Group Holdings Inc. now owns 2,371 shares of the energy company’s stock worth $325,000 after acquiring an additional 67 shares during the last quarter. Accurate Wealth Management LLC boosted its position in shares of Arch Resources by 1.8% during the fourth quarter. Accurate Wealth Management LLC now owns 4,286 shares of the energy company’s stock worth $583,000 after acquiring an additional 76 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of Arch Resources by 113.8% during the second quarter. Captrust Financial Advisors now owns 295 shares of the energy company’s stock worth $42,000 after acquiring an additional 157 shares during the last quarter. Cetera Advisors LLC boosted its position in shares of Arch Resources by 9.2% during the fourth quarter. Cetera Advisors LLC now owns 1,941 shares of the energy company’s stock worth $277,000 after acquiring an additional 164 shares during the last quarter. Finally, Resurgent Financial Advisors LLC bought a new position in shares of Arch Resources during the fourth quarter worth $29,000. 88.71% of the stock is currently owned by institutional investors.

Arch Resources Company Profile

(Get Rating)

Arch Resources, Inc engages in the production and distribution of thermal coal. It operates through the following segments: Powder River Basin, Metallurgical, and Other Thermal. The Powder River Basin segment contains the company’s thermal operations in Wyoming. The Metallurgical segment contains metallurgical operations in West Virginia.