Arch Resources (NYSE:ARCH) Coverage Initiated at StockNews.com

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

ARCH has been the topic of a number of other reports. Jefferies Financial Group cut Arch Resources from a “buy” rating to a “hold” rating and lifted their target price 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 on the stock in a report on Friday, September 6th. Finally, Benchmark reiterated a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a report on Monday, November 18th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $173.60.

Arch Resources Trading Up 0.6 %

Arch Resources stock opened at $138.55 on Friday. Arch Resources has a 52 week low of $116.44 and a 52 week high of $187.60. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 14.55 and a beta of 0.64. The company’s 50-day moving average price is $156.34 and its two-hundred day moving average price is $146.84.

Arch Resources (NYSE:ARCH) last issued its quarterly earnings results on Tuesday, November 5th. The energy company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.83 by ($2.17). The firm had revenue of $617.90 million for 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 firm’s revenue for the quarter was down 17.0% compared to the same quarter last year. During the same quarter last year, the business posted $3.91 earnings per share. Research analysts expect that Arch Resources will post 5.86 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 dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.72%. The ex-dividend date was Friday, November 15th. Arch Resources’s dividend payout ratio is currently 10.50%.

Insider Activity at Arch Resources

In other news, VP Deck Slone sold 253 shares of the company’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $144.75, for a total value of $36,621.75. Following the transaction, the vice president now directly owns 29,120 shares of the company’s stock, valued at approximately $4,215,120. This represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC lifted its stake in shares of Arch Resources by 5.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,856 shares of the energy company’s stock valued at $283,000 after purchasing an additional 90 shares during the last quarter. Hsbc Holdings PLC boosted its stake in shares of Arch Resources by 6.5% during the 2nd quarter. Hsbc Holdings PLC now owns 2,250 shares of the energy company’s stock worth $343,000 after acquiring an additional 137 shares in the last quarter. Gallacher Capital Management LLC increased its holdings in shares of Arch Resources by 5.4% during the 2nd quarter. Gallacher Capital Management LLC now owns 2,877 shares of the energy company’s stock valued at $438,000 after acquiring an additional 147 shares during the last quarter. KBC Group NV increased its holdings in shares of 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 during the last quarter. Finally, Bank of Montreal Can raised its stake in shares of Arch Resources by 7.5% in the 2nd quarter. Bank of Montreal Can now owns 3,111 shares of the energy company’s stock valued at $474,000 after acquiring an additional 217 shares in the last quarter. Hedge funds and other 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.