Arch Resources (NYSE:ARCH) Sees Strong Trading Volume - Should You Buy?

Arch Resources, Inc. (NYSE:ARCH - Get Free Report) saw an uptick in trading volume on Monday . 660,928 shares were traded during mid-day trading, an increase of 90% from the previous session's volume of 348,263 shares.The stock last traded at $132.60 and had previously closed at $133.89.

Wall Street Analysts Forecast Growth

ARCH has been the topic of a number of research reports. Piper Sandler raised shares of Arch Resources from a "neutral" rating to an "overweight" rating and reduced their target price for the stock from $165.00 to $150.00 in a research report on Monday, January 6th. Jefferies Financial Group raised Arch Resources from a "hold" rating to a "buy" rating and dropped their price target for the stock from $165.00 to $150.00 in a research report on Monday, January 6th. StockNews.com began coverage on Arch Resources in a report on Monday, January 6th. They issued a "hold" rating for the company. Finally, Benchmark reissued a "buy" rating and set a $180.00 target price on shares of Arch Resources in a research report on Monday, November 18th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $167.17.

Arch Resources Trading Up 0.7 %

The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 14.16 and a beta of 0.69. The firm has a 50-day simple moving average of $155.15 and a two-hundred day simple moving average of $145.01.

Arch Resources (NYSE:ARCH - Get Free Report) last announced its 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). 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 analysts' expectations of $587.71 million. During the same quarter last year, the business earned $3.91 EPS. The company's quarterly revenue was down 17.0% on a year-over-year basis. Equities research analysts anticipate that Arch Resources, Inc. will post 5.86 EPS for the current year.

Arch Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Friday, November 15th. Arch Resources's dividend payout ratio is currently 10.50%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Hsbc Holdings PLC boosted its stake in shares of Arch Resources by 6.5% in the second quarter. Hsbc Holdings PLC now owns 2,250 shares of the energy company's stock valued at $343,000 after purchasing an additional 137 shares during the period. GAMMA Investing LLC raised its stake in shares of Arch Resources by 340.5% in the fourth quarter. GAMMA Investing LLC now owns 185 shares of the energy company's stock valued at $26,000 after acquiring an additional 143 shares in the last quarter. KBC Group NV raised its stake in shares of Arch Resources by 43.3% in the third quarter. KBC Group NV now owns 569 shares of the energy company's stock valued at $79,000 after acquiring an additional 172 shares in the last quarter. Bank of Montreal Can boosted its holdings in Arch Resources by 7.5% in the second quarter. Bank of Montreal Can now owns 3,111 shares of the energy company's stock valued at $474,000 after purchasing an additional 217 shares during the period. Finally, Sanctuary Advisors LLC increased its holdings in Arch Resources by 10.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 2,554 shares of the energy company's stock worth $353,000 after purchasing an additional 238 shares during the period. 88.14% of the stock is currently owned by institutional investors and hedge funds.

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.

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