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

Arch Resources, Inc. (NYSE:ARCH) has earned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $167.17.

ARCH has been the topic of several research analyst reports. Jefferies Financial Group raised shares of Arch Resources from a “hold” rating to a “buy” rating and reduced their price target for the stock from $165.00 to $150.00 in a research report on Monday. Benchmark reiterated a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a research report on Monday, November 18th. Piper Sandler raised Arch Resources from a “neutral” rating to an “overweight” rating and dropped their price target for the company from $165.00 to $150.00 in a research report on Monday. Finally, StockNews.com started coverage on shares of Arch Resources in a report on Monday. They issued a “hold” rating for the company.

Insider Buying and Selling at Arch Resources

In other news, VP Deck Slone sold 253 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $144.75, for a total transaction of $36,621.75. Following the completion of the transaction, the vice president now directly owns 29,120 shares in the company, valued at approximately $4,215,120. The trade was a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 5.90% of the stock is currently owned by company insiders.

Institutional Trading of Arch Resources

Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its holdings 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 purchasing an additional 143 shares during the period. JPMorgan Chase & Co. increased its stake in Arch Resources by 7.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 129,733 shares of the energy company’s stock valued at $17,924,000 after buying an additional 8,976 shares during the period. Franklin Resources Inc. raised its position in shares of Arch Resources by 7.4% during the 3rd quarter. Franklin Resources Inc. now owns 12,240 shares of the energy company’s stock worth $1,785,000 after buying an additional 843 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in shares of Arch Resources by 10.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 2,554 shares of the energy company’s stock worth $353,000 after acquiring an additional 238 shares during the period. Finally, Geode Capital Management LLC boosted its holdings 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 acquiring an additional 3,073 shares in the last quarter. Institutional investors own 88.14% of the company’s stock.

Arch Resources Stock Performance

Shares of ARCH opened at $140.47 on Thursday. Arch Resources has a one year low of $116.44 and a one year high of $187.60. The stock has a 50-day moving average price of $155.47 and a 200 day moving average price of $145.21. The company has a market capitalization of $2.54 billion, a P/E ratio of 14.76 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) EPS for the quarter, missing the consensus estimate of $1.83 by ($2.17). The business had revenue of $617.90 million for the quarter, compared to analysts’ expectations of $587.71 million. Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. The business’s quarterly revenue was down 17.0% compared to the same quarter last year. During the same quarter last year, the company posted $3.91 earnings per share. As a group, equities research analysts forecast that Arch Resources will post 5.86 earnings per share for the current fiscal year.

Arch Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.71%. The ex-dividend date was Friday, November 15th. Arch Resources’s dividend payout ratio is presently 10.50%.

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.