Arch Resources, Inc. (NYSE:ARCH) Given Consensus Recommendation of “Hold” by Brokerages

Arch Resources, Inc. (NYSE:ARCH) has been given a consensus rating of “Hold” by the five ratings firms that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $173.60.

ARCH has been the subject of a number of recent research reports. StockNews.com assumed coverage on Arch Resources in a research report on Friday. They set a “hold” rating for the company. Benchmark reiterated a “buy” rating and set a $180.00 price target on shares of Arch Resources in a report on Monday, November 18th. B. Riley cut their price objective on shares of 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, Jefferies Financial Group lowered shares of Arch Resources from a “buy” rating to a “hold” rating and raised their target price for the stock from $155.00 to $165.00 in a research report on Wednesday, November 13th.

Insider Transactions at Arch Resources

In other Arch Resources news, VP Deck Slone sold 253 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $144.75, for a total transaction of $36,621.75. Following the completion of the sale, the vice president now directly owns 29,120 shares in the company, valued at $4,215,120. The trade was a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.40% of the company’s stock.

Institutional Trading of Arch Resources

Institutional investors have recently added to or reduced their stakes in the business. FMR LLC boosted its holdings 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 acquiring an additional 404,249 shares during the period. Holocene Advisors LP boosted its stake in shares of Arch Resources by 422.4% in the third quarter. Holocene Advisors LP now owns 250,349 shares of the energy company’s stock valued at $34,588,000 after purchasing an additional 202,425 shares during the period. Pacer Advisors Inc. grew its holdings in Arch Resources by 13.6% during the 2nd quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company’s stock valued at $152,396,000 after purchasing an additional 119,505 shares in the last quarter. First Eagle Investment Management LLC acquired a new stake in Arch Resources during the 2nd quarter valued at $11,813,000. Finally, Point72 Asset Management L.P. purchased a new stake in Arch Resources during the 3rd quarter worth $9,828,000. 88.14% of the stock is owned by hedge funds and other institutional investors.

Arch Resources Price Performance

Shares of NYSE ARCH opened at $154.23 on Friday. The firm’s 50-day moving average is $156.01 and its two-hundred day moving average is $147.86. The company has a market capitalization of $2.79 billion, a PE ratio of 16.20 and a beta of 0.64. Arch Resources has a 12-month low of $116.44 and a 12-month high of $187.60.

Arch Resources (NYSE:ARCH) last posted its earnings results on Tuesday, November 5th. The energy company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.83 by ($2.17). The company had revenue of $617.90 million during 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%. Arch Resources’s quarterly revenue 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, analysts forecast that Arch Resources will post 5.86 EPS for the current fiscal year.

Arch Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were given a $0.25 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.65%. 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.