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

Shares of Arch Resources, Inc. (NYSE:ARCH) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $167.17.

Several brokerages have recently issued reports on ARCH. Benchmark restated a “buy” rating and issued a $180.00 price objective on shares of Arch Resources in a research report on Monday, November 18th. StockNews.com began coverage on shares of Arch Resources in a research note on Thursday. They set a “hold” rating on the stock. Jefferies Financial Group raised shares of Arch Resources from a “hold” rating to a “buy” rating and cut their price objective for the company from $165.00 to $150.00 in a research report on Monday, January 6th. Finally, Piper Sandler raised shares of Arch Resources from a “neutral” rating to an “overweight” rating and lowered their target price for the stock from $165.00 to $150.00 in a research note on Monday, January 6th.

Institutional Investors Weigh In On Arch Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System grew its stake in Arch Resources by 1.1% during the 4th quarter. Louisiana State Employees Retirement System now owns 8,800 shares of the energy company’s stock valued at $1,243,000 after purchasing an additional 100 shares in the last quarter. Hsbc Holdings PLC raised its holdings in shares of Arch Resources by 6.5% during the second quarter. Hsbc Holdings PLC now owns 2,250 shares of the energy company’s stock worth $343,000 after purchasing an additional 137 shares during the period. GAMMA Investing LLC boosted its position in Arch Resources by 340.5% during the 4th quarter. GAMMA Investing LLC now owns 185 shares of the energy company’s stock valued at $26,000 after purchasing an additional 143 shares during the period. KBC Group NV boosted 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. Finally, Bank of Montreal Can grew its position in Arch Resources by 7.5% in the 2nd quarter. Bank of Montreal Can now owns 3,111 shares of the energy company’s stock worth $474,000 after purchasing an additional 217 shares during the last quarter. 88.14% of the stock is currently owned by institutional investors and hedge funds.

Arch Resources Stock Performance

Shares of NYSE ARCH opened at $134.83 on Monday. The company’s 50-day moving average price is $146.15 and its 200 day moving average price is $142.32. Arch Resources has a 52 week low of $116.44 and a 52 week high of $187.60. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 14.16 and a beta of 0.69.

Arch Resources (NYSE:ARCH) last issued its quarterly earnings data 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). Arch Resources had a return on equity of 13.22% and a net margin of 6.69%. The business had revenue of $617.90 million for the quarter, compared to analysts’ expectations of $587.71 million. During the same period last year, the business earned $3.91 earnings per share. The company’s revenue for the quarter was down 17.0% on a year-over-year basis. As a group, research analysts expect that Arch Resources will post 5.02 earnings per share for the current year.

Arch Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend was Friday, November 15th. Arch Resources’s dividend payout ratio (DPR) is 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.