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

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

ARCH has been the topic of several other reports. Jefferies Financial Group cut Arch Resources from a "buy" rating to a "hold" rating and raised their target price for the stock 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 objective on shares of Arch Resources in a research report on Monday, November 18th. Finally, B. Riley cut their price objective on Arch Resources from $198.00 to $188.00 and set a "buy" rating on the stock in a research report on Friday, September 6th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Arch Resources presently has an average rating of "Hold" and a consensus target price of $173.60.

Arch Resources Price Performance

NYSE ARCH opened at $174.37 on Wednesday. The stock has a market capitalization of $3.16 billion, a PE ratio of 18.32 and a beta of 0.59. Arch Resources has a 1 year low of $116.44 and a 1 year high of $187.60. The business's 50-day moving average is $148.48 and its 200 day moving average is $148.01.

Arch Resources (NYSE:ARCH - Get Free Report) last posted its earnings results on Tuesday, November 5th. The energy company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.83 by ($2.17). The business had revenue of $617.90 million during the quarter, compared to the consensus estimate of $587.71 million. Arch Resources had a return on equity of 13.22% and a net margin of 6.69%. The firm's revenue for the quarter was down 17.0% compared to the same quarter last year. During the same period in the previous year, the business earned $3.91 earnings per share. As a group, equities research analysts anticipate that Arch Resources will post 5.86 earnings per share for the current year.

Arch Resources Dividend Announcement

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. The ex-dividend date was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.57%. Arch Resources's payout ratio is currently 10.50%.

Insider Buying and Selling

In other Arch Resources news, VP Deck Slone sold 253 shares of the business's stock in a transaction on Monday, October 14th. The shares were sold at an average price of $144.75, for a total transaction of $36,621.75. Following the completion of the sale, the vice president now directly owns 29,120 shares in the company, valued at approximately $4,215,120. The trade was a 0.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Arch Resources

A number of hedge funds have recently added to or reduced their stakes in the stock. FMR LLC increased its stake in shares of Arch Resources by 159.5% in the 3rd quarter. FMR LLC now owns 657,654 shares of the energy company's stock worth $90,862,000 after purchasing an additional 404,249 shares in the last quarter. Holocene Advisors LP increased 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 worth $34,588,000 after purchasing an additional 202,425 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in Arch Resources by 13.6% in the 2nd 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 in the 2nd quarter worth $11,813,000. Finally, Point72 Asset Management L.P. bought a new position in Arch Resources in the 3rd quarter worth $9,828,000. 88.14% of the stock is currently owned by hedge funds and other institutional investors.

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.