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

StockNews.com started coverage on shares of Arch Resources (NYSE:ARCH) in a report released on Wednesday. The firm issued a hold rating on the energy company’s stock.

Several other equities analysts have also commented on ARCH. Piper Sandler upgraded Arch Resources from a “neutral” rating to an “overweight” rating and reduced their price objective for the company from $165.00 to $150.00 in a research report on Monday, January 6th. Benchmark reiterated a “buy” rating and set a $180.00 price target on shares of Arch Resources in a research report on Monday, November 18th. Finally, Jefferies Financial Group raised shares of Arch Resources from a “hold” rating to a “buy” rating and decreased their price target for the stock from $165.00 to $150.00 in a research note on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $167.17.

Arch Resources Price Performance

Shares of Arch Resources stock opened at $134.83 on Wednesday. The company has a 50 day simple moving average of $151.41 and a two-hundred day simple moving average of $143.67. The firm has a market cap of $2.44 billion, a PE ratio of 14.16 and a beta of 0.69. Arch Resources has a 1 year low of $116.44 and a 1 year high of $187.60.

Arch Resources (NYSE:ARCH) last posted its quarterly earnings data 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 for 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 business’s revenue was down 17.0% on a year-over-year basis. During the same period in the prior year, the firm posted $3.91 earnings per share. As a group, research analysts anticipate that Arch Resources will post 5.02 earnings per share for the current year.

Arch Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders 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 yield of 0.74%. Arch Resources’s payout ratio is currently 10.50%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ARCH. KBC Group NV grew its holdings in Arch Resources by 42.0% in the 4th quarter. KBC Group NV now owns 808 shares of the energy company’s stock worth $114,000 after acquiring an additional 239 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Arch Resources by 187.7% in the fourth quarter. Blue Trust Inc. now owns 2,814 shares of the energy company’s stock worth $389,000 after purchasing an additional 1,836 shares during the last quarter. Trium Capital LLP purchased a new position in Arch Resources during the 4th quarter valued at about $21,109,000. Accurate Wealth Management LLC raised its position in Arch Resources by 33.8% during the 4th quarter. Accurate Wealth Management LLC now owns 12,409 shares of the energy company’s stock valued at $1,661,000 after purchasing an additional 3,132 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Arch Resources by 340.5% in the 4th quarter. GAMMA Investing LLC now owns 185 shares of the energy company’s stock worth $26,000 after buying an additional 143 shares during the period. Institutional investors own 88.14% of the company’s stock.

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.