Arch Resources, Inc. (NYSE:ARCH) Receives $173.60 Consensus PT from Analysts

Arch Resources, Inc. (NYSE:ARCH) has received a consensus recommendation of “Hold” from the five brokerages that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $173.60.

ARCH has been the topic of a number of research analyst reports. Benchmark reaffirmed a “buy” rating and set a $180.00 price target on shares of Arch Resources in a research report on Friday, July 26th. Jefferies Financial Group cut Arch Resources from a “buy” rating to a “hold” rating and lifted their price target for the stock from $155.00 to $165.00 in a report on Wednesday, November 13th. B. Riley cut their price objective on Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a research report on Friday, September 6th. Finally, StockNews.com initiated coverage on Arch Resources in a research report on Monday, November 11th. They set a “hold” rating on the stock.

Insider Buying and Selling at Arch Resources

In other news, VP Deck Slone sold 253 shares of Arch Resources stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $144.75, for a total transaction of $36,621.75. Following the sale, the vice president now directly owns 29,120 shares of the company’s stock, valued at approximately $4,215,120. This trade represents a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 5.40% of the company’s stock.

Institutional Trading of Arch Resources

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC increased its stake in shares of Arch Resources by 0.7% in the third 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 period. Vestcor Inc boosted its holdings in Arch Resources by 48.2% in the third quarter. Vestcor Inc now owns 5,381 shares of the energy company’s stock valued at $743,000 after acquiring an additional 1,749 shares during the last quarter. Barclays PLC increased its position in Arch Resources by 143.8% during the 3rd quarter. Barclays PLC now owns 51,602 shares of the energy company’s stock valued at $7,130,000 after purchasing an additional 30,437 shares during the period. MML Investors Services LLC bought a new position in Arch Resources during the 3rd quarter worth approximately $260,000. Finally, K2 Principal Fund L.P. acquired a new position in shares of Arch Resources in the 3rd quarter worth approximately $345,000. 88.14% of the stock is currently owned by institutional investors and hedge funds.

Arch Resources Price Performance

Shares of Arch Resources stock opened at $164.14 on Wednesday. The firm has a 50 day simple moving average of $141.93 and a 200 day simple moving average of $147.54. Arch Resources has a fifty-two week low of $116.44 and a fifty-two week high of $187.60. The firm has a market cap of $2.97 billion, a P/E ratio of 17.24 and a beta of 0.59.

Arch Resources (NYSE:ARCH) last announced its quarterly earnings data 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 business had revenue of $617.90 million during the quarter, compared to analyst estimates of $587.71 million. Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. The company’s quarterly revenue was down 17.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.91 earnings per share. On average, sell-side analysts expect that Arch Resources will post 5.86 EPS for the current year.

Arch Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date is Friday, November 15th. Arch Resources’s dividend payout ratio is 10.50%.

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.