Arch Resources (NYSE:ARCH) Now Covered by StockNews.com

StockNews.com began coverage on shares of Arch Resources (NYSE:ARCH - Free Report) in a research report released on Saturday morning. The firm issued a hold rating on the energy company's stock.

ARCH has been the subject of several other research reports. Benchmark reiterated a "buy" rating and issued a $180.00 target price on shares of Arch Resources in a research report on Monday, November 18th. Jefferies Financial Group cut shares of Arch Resources from a "buy" rating to a "hold" rating and lifted their price objective for the company from $155.00 to $165.00 in a research note on Wednesday, November 13th. Finally, 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 research report on Friday, September 6th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $173.60.

Arch Resources Price Performance

ARCH stock traded down $5.90 during midday trading on Friday, hitting $137.73. The stock had a trading volume of 1,014,742 shares, compared to its average volume of 388,497. The firm has a market cap of $2.49 billion, a PE ratio of 14.47 and a beta of 0.64. The company's 50-day moving average price is $156.34 and its 200 day moving average price is $147.11. Arch Resources has a 12-month low of $116.44 and a 12-month high of $187.60.

Arch Resources (NYSE:ARCH - Get Free Report) last issued its earnings results 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 net margin of 6.69% and a return on equity of 13.22%. The business 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 business posted $3.91 EPS. The business's revenue was down 17.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Arch Resources will post 5.86 EPS for the current year.

Arch Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend was Friday, November 15th. Arch Resources's dividend payout ratio (DPR) is presently 10.50%.

Insider Activity at Arch Resources

In other news, VP Deck Slone sold 253 shares of the firm's stock in a transaction on Monday, October 14th. The stock was 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 of the company's stock, valued at $4,215,120. This trade represents a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 5.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Arch Resources

Institutional investors have recently modified their holdings of the company. Franklin Resources Inc. boosted its stake in Arch Resources by 7.4% during the 3rd quarter. Franklin Resources Inc. now owns 12,240 shares of the energy company's stock valued at $1,785,000 after purchasing an additional 843 shares during the period. Sanctuary Advisors LLC increased its position in Arch Resources by 10.3% during the third quarter. Sanctuary Advisors LLC now owns 2,554 shares of the energy company's stock worth $353,000 after acquiring an additional 238 shares during the period. Geode Capital Management LLC raised its stake in Arch Resources by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 413,811 shares of the energy company's stock valued at $57,183,000 after purchasing an additional 3,073 shares during the last quarter. Vestcor Inc raised its position in shares of Arch Resources by 48.2% during the third quarter. Vestcor Inc now owns 5,381 shares of the energy company's stock valued at $743,000 after buying an additional 1,749 shares during the last quarter. Finally, Barclays PLC increased its stake in Arch Resources by 143.8% during the third quarter. Barclays PLC now owns 51,602 shares of the energy company's stock valued at $7,130,000 after acquiring an additional 30,437 shares during the period. Institutional investors own 88.14% of the company's stock.

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.