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

Arch Resources, Inc. (NYSE:ARCH) has received an average rating of “Hold” from the five brokerages that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month 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 analyst reports. B. Riley dropped their price objective on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a report on Friday, September 6th. Jefferies Financial Group lowered shares of Arch Resources from a “buy” rating to a “hold” rating and raised their price target for the company from $155.00 to $165.00 in a research note on Wednesday, November 13th. Benchmark reiterated a “buy” rating and set a $180.00 price objective on shares of Arch Resources in a research report on Monday, November 18th. Finally, StockNews.com assumed coverage on Arch Resources in a research report on Sunday. They issued a “hold” rating on the stock.

Insider Transactions at Arch Resources

In other news, VP Deck Slone sold 253 shares of the business’s stock in a transaction 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 sale, the vice president now directly owns 29,120 shares of the company’s stock, valued at $4,215,120. The trade was a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 5.40% of the company’s stock.

Institutional Trading of Arch Resources

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Hsbc Holdings PLC increased its position in shares of Arch Resources by 6.5% in the second 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 grew its position in Arch Resources by 5.4% during the 2nd quarter. Gallacher Capital Management LLC now owns 2,877 shares of the energy company’s stock worth $438,000 after purchasing an additional 147 shares in the last quarter. KBC Group NV raised its stake in 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 purchasing an additional 172 shares during the period. Bank of Montreal Can lifted its holdings in shares of Arch Resources by 7.5% in the second quarter. Bank of Montreal Can now owns 3,111 shares of the energy company’s stock valued at $474,000 after purchasing an additional 217 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its position in shares of Arch Resources by 10.3% in the third quarter. Sanctuary Advisors LLC now owns 2,554 shares of the energy company’s stock worth $353,000 after buying an additional 238 shares during the period. Institutional investors and hedge funds own 88.14% of the company’s stock.

Arch Resources Stock Up 0.7 %

NYSE:ARCH opened at $141.22 on Thursday. The company has a market cap of $2.56 billion, a PE ratio of 14.83 and a beta of 0.64. The business’s 50 day moving average is $155.70 and its two-hundred day moving average is $145.67. Arch Resources has a 52 week low of $116.44 and a 52 week high of $187.60.

Arch Resources (NYSE:ARCH) last posted its quarterly 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 business had revenue of $617.90 million during the quarter, compared to the consensus estimate of $587.71 million. Arch Resources had a return on equity of 13.22% and a net margin of 6.69%. The company’s quarterly revenue was down 17.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.91 earnings per share. As a group, sell-side analysts expect that Arch Resources will post 5.86 EPS for the current fiscal year.

Arch Resources Dividend Announcement

The firm also recently declared 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 (DPR) 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.