Arch Resources (NYSE:ARCH) Coverage Initiated by Analysts at StockNews.com

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

Other research analysts also recently issued reports about the stock. Jefferies Financial Group downgraded shares of Arch Resources from a "buy" rating to a "hold" rating and boosted their price objective for the company from $155.00 to $165.00 in a research report on Wednesday, November 13th. Benchmark restated a "buy" rating and set a $180.00 price objective on shares of Arch Resources in a research report on Monday, November 18th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $167.17.

Arch Resources Stock Down 2.5 %

Shares of ARCH traded down $3.62 during trading hours on Monday, hitting $139.48. 249,683 shares of the company were exchanged, compared to its average volume of 213,694. The company has a market cap of $2.53 billion, a price-to-earnings ratio of 14.65 and a beta of 0.69. The firm's fifty day moving average is $155.76 and its 200 day moving average is $145.42. 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 announced its quarterly earnings data 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 firm had revenue of $617.90 million for the quarter, compared to analyst estimates of $587.71 million. Arch Resources had a return on equity of 13.22% and a net margin of 6.69%. The company's quarterly revenue was down 17.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.91 earnings per share. Analysts anticipate that Arch Resources will post 5.86 EPS for the current year.

Arch Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th were given a $0.25 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 0.72%. Arch Resources's dividend payout ratio is presently 10.50%.

Insider Activity

In related 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 transaction of $36,621.75. Following the completion of the transaction, the vice president now directly owns 29,120 shares of the company's stock, 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 Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.40% of the company's stock.

Hedge Funds Weigh In On Arch Resources

A number of hedge funds have recently made changes to their positions in the stock. FMR LLC increased its position in Arch Resources by 159.5% during the 3rd quarter. FMR LLC now owns 657,654 shares of the energy company's stock valued at $90,862,000 after purchasing an additional 404,249 shares during the period. Holocene Advisors LP boosted its stake in shares of Arch Resources by 422.4% in 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 during the last quarter. Pacer Advisors Inc. increased 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 buying an additional 119,505 shares during the period. First Eagle Investment Management LLC bought a new position in Arch Resources during the second quarter worth $11,813,000. Finally, Point72 Asset Management L.P. acquired a new position in Arch Resources in the third quarter valued at $9,828,000. 88.14% of the stock is currently 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.