Arch Resources (NYSE:ARCH) Earns Hold Rating from Analysts at StockNews.com

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

A number of other research analysts also recently commented on ARCH. Jefferies Financial Group downgraded shares of Arch Resources from a "buy" rating to a "hold" rating and increased their price objective for the company from $155.00 to $165.00 in a research note on Wednesday, November 13th. Benchmark reaffirmed a "buy" rating and set a $180.00 price target on shares of Arch Resources in a research report on Monday, November 18th. Finally, B. Riley decreased their price target on Arch Resources from $198.00 to $188.00 and set a "buy" rating for the company in a research note on Friday, September 6th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Arch Resources has a consensus rating of "Hold" and an average target price of $173.60.

Arch Resources Trading Down 1.0 %

NYSE:ARCH traded down $1.57 on Friday, reaching $154.13. The stock had a trading volume of 144,858 shares, compared to its average volume of 388,523. The company has a 50-day moving average of $155.69 and a 200 day moving average of $148.14. The stock has a market cap of $2.79 billion, a P/E ratio of 16.16 and a beta of 0.64. 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 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 net margin of 6.69% and a return on equity of 13.22%. The business had revenue of $617.90 million for the quarter, compared to analyst estimates of $587.71 million. During the same quarter last year, the business earned $3.91 EPS. Arch Resources's revenue for the quarter was down 17.0% compared to the same quarter last year. On average, equities 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. Investors of record on Friday, November 15th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 0.65%. Arch Resources's dividend payout ratio (DPR) is 10.50%.

Insider Buying and Selling at Arch Resources

In related news, VP Deck Slone sold 253 shares of Arch Resources 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 sale, the vice president now directly owns 29,120 shares in the company, valued at $4,215,120. This trade represents a 0.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. CWM LLC lifted its stake in shares of Arch Resources by 132.0% in the 2nd quarter. CWM LLC now owns 174 shares of the energy company's stock worth $26,000 after acquiring an additional 99 shares during the period. Blue Trust Inc. boosted its stake in Arch Resources by 5,500.0% during the 2nd quarter. Blue Trust Inc. now owns 336 shares of the energy company's stock valued at $54,000 after purchasing an additional 330 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Arch Resources by 5.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,856 shares of the energy company's stock valued at $283,000 after purchasing an additional 90 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Arch Resources by 1.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 176,014 shares of the energy company's stock worth $26,795,000 after buying an additional 2,910 shares in the last quarter. Finally, Innealta Capital LLC bought a new stake in shares of Arch Resources in the 2nd quarter worth $55,000. 88.14% of the stock is owned by institutional investors and hedge funds.

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.