Arch Resources, Inc. (NYSE:ARCH) Given Average Rating of "Hold" by Brokerages

Shares of Arch Resources, Inc. (NYSE:ARCH - Get Free Report) have been assigned an average rating of "Hold" from the five analysts that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $173.60.

A number of brokerages have commented on ARCH. B. Riley reduced their price objective on Arch Resources from $198.00 to $188.00 and set a "buy" rating for the company in a research report on Friday, September 6th. Benchmark reiterated a "buy" rating and set a $180.00 price target on shares of Arch Resources in a research note on Monday, November 18th. StockNews.com began coverage on shares of Arch Resources in a research report on Sunday. They set a "hold" rating on the stock. Finally, Jefferies Financial Group lowered shares of Arch Resources from a "buy" rating to a "hold" rating and increased their price target for the stock from $155.00 to $165.00 in a research report on Wednesday, November 13th.

Arch Resources Stock Performance

Shares of Arch Resources stock traded up $1.87 on Thursday, reaching $143.09. The stock had a trading volume of 180,103 shares, compared to its average volume of 382,721. The business's 50-day moving average price is $155.74 and its two-hundred day moving average price is $145.65. The stock has a market cap of $2.59 billion, a P/E ratio of 15.03 and a beta of 0.64. Arch Resources has a fifty-two week low of $116.44 and a fifty-two week high of $187.60.

Arch Resources (NYSE:ARCH - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The energy company reported ($0.34) EPS 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 during the quarter, compared to the consensus estimate of $587.71 million. During the same quarter in the previous year, the firm posted $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, equities analysts forecast that Arch Resources will post 5.86 earnings per share for the current fiscal year.

Arch Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Friday, November 15th. Arch Resources's payout ratio is 10.50%.

Insider Transactions at Arch Resources

In other Arch Resources news, VP Deck Slone sold 253 shares of the firm's stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $144.75, for a total value of $36,621.75. Following the completion of the sale, the vice president now owns 29,120 shares in the company, valued at approximately $4,215,120. This trade represents a 0.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.40% of the stock is owned by company insiders.

Institutional Trading of Arch Resources

Hedge funds have recently modified their holdings of the stock. Intech Investment Management LLC acquired a new position in Arch Resources during the 3rd quarter valued at about $1,488,000. Barclays PLC lifted its holdings in Arch Resources by 143.8% in the third quarter. Barclays PLC now owns 51,602 shares of the energy company's stock valued at $7,130,000 after buying an additional 30,437 shares during the period. Envestnet Asset Management Inc. acquired a new position in Arch Resources in the second quarter valued at approximately $8,700,000. Maverick Capital Ltd. boosted its stake in Arch Resources by 55.8% in the third quarter. Maverick Capital Ltd. now owns 9,795 shares of the energy company's stock valued at $1,353,000 after acquiring an additional 3,510 shares during the last quarter. Finally, Mork Capital Management LLC grew its holdings in Arch Resources by 50.0% during the 3rd quarter. Mork Capital Management LLC now owns 15,000 shares of the energy company's stock worth $2,072,000 after acquiring an additional 5,000 shares during the period. 88.14% of the stock is owned by institutional investors.

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.