Short Interest in Arch Resources, Inc. (NYSE:ARCH) Rises By 21.6%

Arch Resources, Inc. (NYSE:ARCH - Get Free Report) saw a large increase in short interest in September. As of September 30th, there was short interest totalling 1,410,000 shares, an increase of 21.6% from the September 15th total of 1,160,000 shares. Based on an average daily volume of 426,400 shares, the short-interest ratio is presently 3.3 days.

Analysts Set New Price Targets

A number of brokerages have issued reports on ARCH. Benchmark reaffirmed a "buy" rating and issued a $180.00 target price on shares of Arch Resources in a report on Friday, July 26th. StockNews.com assumed coverage on shares of Arch Resources in a report on Thursday. They issued a "hold" rating for the company. Finally, B. Riley cut their target price 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 research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $175.75.

Hedge Funds Weigh In On Arch Resources

Several institutional investors have recently added to or reduced their stakes in ARCH. CWM LLC increased its stake in shares of Arch Resources by 132.0% during the 2nd quarter. CWM LLC now owns 174 shares of the energy company's stock worth $26,000 after purchasing an additional 99 shares during the last quarter. Newbridge Financial Services Group Inc. increased its position in Arch Resources by 1,900.0% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 200 shares of the energy company's stock worth $33,000 after buying an additional 190 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Arch Resources by 5,500.0% in the second quarter. Blue Trust Inc. now owns 336 shares of the energy company's stock valued at $54,000 after buying an additional 330 shares during the period. Scarborough Advisors LLC purchased a new position in shares of Arch Resources during the 4th quarter valued at $56,000. Finally, Innealta Capital LLC bought a new position in shares of Arch Resources during the 2nd quarter worth $55,000. Institutional investors own 88.14% of the company's stock.

Arch Resources Stock Up 0.0 %

ARCH traded up $0.06 during midday trading on Monday, reaching $145.86. 169,759 shares of the company were exchanged, compared to its average volume of 408,450. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 8.52 and a beta of 0.60. Arch Resources has a one year low of $116.44 and a one year high of $187.60. The company's fifty day moving average price is $130.37 and its 200 day moving average price is $148.94. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.77 and a current ratio of 2.54.

Arch Resources (NYSE:ARCH - Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The energy company reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $1.31 by ($0.50). The firm had revenue of $608.75 million for the quarter, compared to the consensus estimate of $562.23 million. Arch Resources had a net margin of 9.24% and a return on equity of 17.91%. The firm's revenue for the quarter was down 19.6% on a year-over-year basis. During the same period in the previous year, the business earned $4.04 earnings per share. As a group, analysts expect that Arch Resources will post 8.62 EPS for the current year.

Arch Resources Announces Dividend

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

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.