Arch Resources (NYSE:ARCH) Now Covered by Analysts at StockNews.com

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

Several other research firms also recently weighed in on ARCH. Piper Sandler upgraded shares of Arch Resources from a "neutral" rating to an "overweight" rating and lowered their price objective for the stock from $165.00 to $150.00 in a report on Monday, January 6th. Benchmark reaffirmed a "buy" rating and issued a $180.00 price target on shares of Arch Resources in a research report on Monday, November 18th. Finally, Jefferies Financial Group raised Arch Resources from a "hold" rating to a "buy" rating and lowered their price objective for the stock from $165.00 to $150.00 in a research note on Monday, January 6th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $167.17.

Arch Resources Stock Up 0.7 %

ARCH traded up $0.92 during trading on Tuesday, hitting $134.81. The company's stock had a trading volume of 3,751,589 shares, compared to its average volume of 801,813. The firm has a market capitalization of $2.44 billion, a P/E ratio of 14.16 and a beta of 0.69. Arch Resources has a twelve month low of $116.44 and a twelve month high of $187.60. The stock's fifty day moving average price is $154.73 and its 200-day moving average price is $144.79.

Arch Resources (NYSE:ARCH - Get Free Report) last released 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 company had revenue of $617.90 million for the quarter, compared to analyst estimates of $587.71 million. During the same quarter in the previous year, the firm earned $3.91 EPS. The firm's revenue was down 17.0% on a year-over-year basis. Equities research analysts expect that Arch Resources will post 5.86 EPS for the current fiscal year.

Arch Resources Announces Dividend

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

Institutional Investors Weigh In On Arch Resources

A number of large investors have recently made changes to their positions in ARCH. Pacer Advisors Inc. raised 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 acquiring an additional 119,505 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Arch Resources by 6.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 973,208 shares of the energy company's stock worth $148,146,000 after purchasing an additional 58,821 shares in the last quarter. FMR LLC raised its stake in shares of Arch Resources by 159.5% in the third 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 during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Arch Resources by 0.7% during the third quarter. Geode Capital Management LLC now owns 413,811 shares of the energy company's stock valued at $57,183,000 after purchasing an additional 3,073 shares in the last quarter. Finally, Holocene Advisors LP lifted its holdings in shares of Arch Resources by 422.4% during the third 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 in the last quarter. 88.14% of the stock is currently owned by 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.