Arch Resources (NYSE:ARCH) Receives New Coverage from Analysts at StockNews.com

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

ARCH has been the topic of several other reports. Benchmark reaffirmed a buy rating and issued a $180.00 price objective on shares of Arch Resources in a research note on Friday, July 26th. B. Riley reduced 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. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Arch Resources has a consensus rating of Hold and an average target price of $175.75.

Arch Resources Trading Up 1.8 %

NYSE ARCH traded up $2.55 during trading hours on Thursday, hitting $144.56. 259,321 shares of the company's stock were exchanged, compared to its average volume of 410,918. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.77 and a current ratio of 2.54. The firm has a market capitalization of $2.62 billion, a P/E ratio of 8.47 and a beta of 0.60. The business's 50 day moving average is $130.10 and its 200-day moving average is $149.25. 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 released its earnings results on Thursday, July 25th. The energy company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.50). Arch Resources had a return on equity of 17.91% and a net margin of 9.24%. The company had revenue of $608.75 million during the quarter, compared to analyst estimates of $562.23 million. During the same period in the prior year, the business posted $4.04 earnings per share. Arch Resources's revenue was down 19.6% on a year-over-year basis. As a group, analysts anticipate that Arch Resources will post 10.73 EPS for the current fiscal year.

Arch Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.25 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.69%. Arch Resources's dividend payout ratio (DPR) is currently 5.88%.

Institutional Trading of Arch Resources

A number of hedge funds have recently made changes to their positions in ARCH. Vanguard Group Inc. grew its stake in Arch Resources by 13.9% during the 1st quarter. Vanguard Group Inc. now owns 2,347,568 shares of the energy company's stock valued at $377,465,000 after purchasing an additional 286,359 shares in the last quarter. Pacer Advisors Inc. grew 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 in the last quarter. Principal Financial Group Inc. increased its stake in shares of Arch Resources by 681.4% in the first quarter. Principal Financial Group Inc. now owns 108,929 shares of the energy company's stock worth $17,515,000 after buying an additional 94,989 shares during the last quarter. First Eagle Investment Management LLC acquired a new stake in Arch Resources in the second quarter valued at $11,813,000. Finally, American Century Companies Inc. raised its holdings in Arch Resources by 14.1% in the second quarter. American Century Companies Inc. now owns 478,990 shares of the energy company's stock valued at $72,917,000 after acquiring an additional 59,072 shares in the last quarter. Hedge funds and other 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.