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

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

ARCH has been the subject of several other reports. Benchmark reaffirmed a buy rating and set a $180.00 target price on shares of Arch Resources in a report on Friday, July 26th. B. Riley cut their target price on shares of Arch Resources from $198.00 to $188.00 and set a buy rating for the company in a report on Friday, September 6th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Arch Resources has an average rating of Hold and an average price target of $175.75.

Arch Resources Stock Performance

ARCH opened at $128.40 on Monday. Arch Resources has a 12-month low of $116.44 and a 12-month high of $187.60. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $2.33 billion, a PE ratio of 7.55 and a beta of 0.60. The firm has a 50 day moving average of $136.15 and a two-hundred day moving average of $153.45.

Arch Resources (NYSE:ARCH) last posted its quarterly earnings results on Thursday, July 25th. The energy company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.50). Arch Resources had a return on equity of 17.91% and a net margin of 9.24%. The business had revenue of $608.75 million for the quarter, compared to analysts’ expectations of $562.23 million. During the same period in the prior year, the business posted $4.04 earnings per share. The business’s quarterly revenue was down 19.6% compared to the same quarter last year. On average, analysts anticipate that Arch Resources will post 10.73 EPS for the current year.

Arch Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a $0.25 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.00 dividend on an annualized basis and a yield of 0.78%. Arch Resources’s dividend payout ratio is currently 5.88%.

Institutional Investors Weigh In On Arch Resources

A number of institutional investors have recently added to or reduced their stakes in ARCH. Principal Financial Group Inc. grew its stake in Arch Resources by 23.7% in the 4th quarter. Principal Financial Group Inc. now owns 13,940 shares of the energy company’s stock valued at $2,313,000 after acquiring an additional 2,675 shares during the period. Avantax Advisory Services Inc. acquired a new stake in Arch Resources during the 4th quarter worth $242,000. Dynamic Technology Lab Private Ltd boosted its stake in Arch Resources by 135.2% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 3,999 shares of the energy company’s stock worth $664,000 after purchasing an additional 2,299 shares during the last quarter. Trexquant Investment LP acquired a new stake in Arch Resources during the 4th quarter worth $3,147,000. Finally, Balboa Wealth Partners boosted its stake in Arch Resources by 30.2% during the 4th quarter. Balboa Wealth Partners now owns 2,578 shares of the energy company’s stock worth $428,000 after purchasing an additional 598 shares during the last quarter. Institutional investors and hedge funds own 88.14% of the company’s stock.

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.