Arch Resources, Inc. (NYSE:ARCH) Receives $173.60 Consensus PT from Analysts

Shares of Arch Resources, Inc. (NYSE:ARCH - Get Free Report) have received a consensus recommendation of "Hold" from the five research firms that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $173.60.

A number of analysts have recently issued reports on the stock. B. Riley dropped their price target on shares of Arch Resources from $198.00 to $188.00 and set a "buy" rating on the stock in a report on Friday, September 6th. StockNews.com assumed coverage on shares of Arch Resources in a research report on Monday. They issued a "hold" rating for the company. Jefferies Financial Group cut Arch Resources from a "buy" rating to a "hold" rating and increased their price target for the company from $155.00 to $165.00 in a report on Wednesday. Finally, Benchmark reiterated a "buy" rating and set a $180.00 price objective on shares of Arch Resources in a research report on Friday, July 26th.

Insider Buying and Selling

In other Arch Resources news, VP Deck Slone sold 253 shares of Arch Resources stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $144.75, for a total transaction of $36,621.75. Following the transaction, the vice president now owns 29,120 shares of the company's stock, valued at $4,215,120. The trade was a 0.00 % 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 insiders.

Hedge Funds Weigh In On Arch Resources

Several large investors have recently made changes to their positions in ARCH. FMR LLC boosted its position in shares of Arch Resources by 159.5% during the third quarter. FMR LLC now owns 657,654 shares of the energy company's stock worth $90,862,000 after acquiring an additional 404,249 shares during the last quarter. Algert Global LLC boosted its holdings in shares of Arch Resources by 19.1% during the 3rd quarter. Algert Global LLC now owns 9,480 shares of the energy company's stock valued at $1,310,000 after purchasing an additional 1,523 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Arch Resources by 6.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 190,202 shares of the energy company's stock valued at $26,278,000 after purchasing an additional 11,884 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its holdings in shares of Arch Resources by 33.1% in the third quarter. Thompson Siegel & Walmsley LLC now owns 49,745 shares of the energy company's stock worth $6,873,000 after purchasing an additional 12,364 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of Arch Resources in the third quarter worth about $1,488,000. 88.14% of the stock is currently owned by hedge funds and other institutional investors.

Arch Resources Stock Down 1.1 %

Shares of NYSE ARCH traded down $1.75 on Wednesday, reaching $164.87. 414,936 shares of the company's stock traded hands, compared to its average volume of 404,133. The business's 50 day simple moving average is $139.54 and its two-hundred day simple moving average is $147.39. Arch Resources has a 12 month low of $116.44 and a 12 month high of $187.60. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 17.35 and a beta of 0.59.

Arch Resources (NYSE:ARCH - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The energy company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.83 by ($2.17). Arch Resources had a return on equity of 13.22% and a net margin of 6.69%. The company had revenue of $617.90 million during the quarter, compared to analysts' expectations of $587.71 million. During the same period in the prior year, the firm earned $3.91 EPS. Arch Resources's revenue for the quarter was down 17.0% compared to the same quarter last year. Analysts forecast that Arch Resources will post 5.86 earnings per share for the current fiscal year.

Arch Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.61%. Arch Resources's payout ratio is currently 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.