Analysts Set Arch Resources, Inc. (NYSE:ARCH) Target Price at $173.60

Arch Resources, Inc. (NYSE:ARCH - Get Free Report) has received a consensus rating of "Hold" from the five brokerages that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $173.60.

A number of brokerages recently weighed in on ARCH. Benchmark reaffirmed a "buy" rating and set a $180.00 price objective on shares of Arch Resources in a research report on Monday, November 18th. Jefferies Financial Group cut 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. StockNews.com began coverage on Arch Resources in a research report on Thursday. They set a "hold" rating for the company. Finally, B. Riley dropped their target price on Arch Resources from $198.00 to $188.00 and set a "buy" rating on the stock in a research report on Friday, September 6th.

Insider Buying and Selling

In other Arch Resources news, VP Deck Slone sold 253 shares of the company's stock in a transaction that occurred on Monday, October 14th. The stock was 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 $4,215,120. This represents a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. FMR LLC grew its position in Arch Resources by 159.5% in the third quarter. FMR LLC now owns 657,654 shares of the energy company's stock valued at $90,862,000 after acquiring an additional 404,249 shares during the period. Holocene Advisors LP increased its holdings in Arch Resources by 422.4% during the 3rd quarter. Holocene Advisors LP now owns 250,349 shares of the energy company's stock valued at $34,588,000 after purchasing an additional 202,425 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Arch Resources by 13.6% during the second quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company's stock worth $152,396,000 after purchasing an additional 119,505 shares in the last quarter. First Eagle Investment Management LLC acquired a new stake in shares of Arch Resources in the 2nd quarter valued at $11,813,000. Finally, Point72 Asset Management L.P. bought a new position in Arch Resources in the third quarter valued at about $9,828,000. Institutional investors and hedge funds own 88.14% of the company's stock.

Arch Resources Stock Down 5.6 %

Shares of Arch Resources stock traded down $9.15 during trading hours on Friday, hitting $155.29. 227,697 shares of the company's stock traded hands, compared to its average volume of 299,418. Arch Resources has a twelve month low of $116.44 and a twelve month high of $187.60. The company has a market cap of $2.81 billion, a PE ratio of 16.31 and a beta of 0.64. The stock has a 50 day simple moving average of $154.19 and a 200-day simple moving average of $148.26.

Arch Resources (NYSE:ARCH - Get Free Report) last issued its quarterly earnings results 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 during 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 firm's quarterly revenue was down 17.0% on a year-over-year basis. During the same quarter last year, the firm posted $3.91 EPS. As a group, equities research analysts predict that Arch Resources will post 5.86 EPS for the current year.

Arch Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th were given 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 0.64%. Arch Resources's payout ratio is presently 10.50%.

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.