Arch Resources (NYSE:ARCH) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Arch Resources (NYSE:ARCH) in a research report sent to investors on Monday. The brokerage issued a hold rating on the energy company’s stock.

Several other research firms also recently commented on ARCH. Jefferies Financial Group downgraded 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. Benchmark reissued a “buy” rating and set a $180.00 price objective on shares of Arch Resources in a report on Monday, November 18th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Arch Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.17.

Arch Resources Stock Performance

Shares of ARCH stock opened at $139.48 on Monday. The firm has a fifty day moving average of $155.76 and a 200-day moving average of $145.42. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of 14.65 and a beta of 0.69. 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 earnings results on Tuesday, November 5th. The energy company reported ($0.34) earnings per share 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 net margin of 6.69% and a return on equity of 13.22%. The business’s revenue was down 17.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.91 EPS. On average, sell-side analysts predict that Arch Resources will post 5.86 earnings per share for the current year.

Arch Resources Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.72%. Arch Resources’s dividend payout ratio is 10.50%.

Insider Buying and Selling

In other Arch Resources news, VP Deck Slone sold 253 shares of Arch Resources stock in a transaction 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 owns 29,120 shares of the company’s stock, valued at approximately $4,215,120. The trade was a 0.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Arch Resources

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC raised its position 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 worth $26,000 after purchasing an additional 143 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Arch Resources by 7.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 129,733 shares of the energy company’s stock worth $17,924,000 after purchasing an additional 8,976 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Arch Resources by 7.4% in the 3rd quarter. Franklin Resources Inc. now owns 12,240 shares of the energy company’s stock valued at $1,785,000 after acquiring an additional 843 shares during the period. Sanctuary Advisors LLC lifted 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 valued at $353,000 after buying an additional 238 shares during the last quarter. Finally, Geode Capital Management LLC raised its position 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 purchasing an additional 3,073 shares during the period. 88.14% of the stock is currently owned by institutional investors and hedge funds.

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.