Arch Resources (NYSE:ARCH) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Arch Resources (NYSE:ARCH) in a report issued on Wednesday. The firm issued a hold rating on the energy company’s stock.

Other analysts have also recently issued reports about the company. B. Riley decreased their target price on Arch Resources from $198.00 to $188.00 and set a buy rating for the company in a research report on Friday, September 6th. Benchmark reissued a buy rating and issued a $180.00 target price on shares of Arch Resources in a research report on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $175.75.

Arch Resources Price Performance

Shares of NYSE ARCH opened at $138.18 on Wednesday. The stock’s 50-day moving average is $130.26 and its two-hundred day moving average is $149.83. The company has a market cap of $2.50 billion, a price-to-earnings ratio of 8.13 and a beta of 0.60. Arch Resources has a 1-year low of $116.44 and a 1-year high of $187.60. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.54 and a quick ratio of 1.77.

Arch Resources (NYSE:ARCH) last released its quarterly earnings data 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). The business had revenue of $608.75 million for the quarter, compared to analyst estimates of $562.23 million. Arch Resources had a return on equity of 17.91% and a net margin of 9.24%. The company’s revenue was down 19.6% compared to the same quarter last year. During the same period in the prior year, the company posted $4.04 earnings per share. Analysts forecast that Arch Resources will post 10.73 EPS for the current fiscal year.

Arch Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.72%. Arch Resources’s dividend payout ratio (DPR) is presently 5.88%.

Institutional Trading of Arch Resources

A number of hedge funds have recently added to or reduced their stakes in ARCH. CWM LLC lifted its position in 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 acquiring an additional 99 shares during the period. Newbridge Financial Services Group Inc. lifted its position in Arch Resources by 1,900.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 200 shares of the energy company’s stock worth $33,000 after acquiring an additional 190 shares during the period. Blue Trust Inc. lifted its position in Arch Resources by 5,500.0% during the 2nd quarter. Blue Trust Inc. now owns 336 shares of the energy company’s stock worth $54,000 after acquiring an additional 330 shares during the period. Innealta Capital LLC acquired a new stake in Arch Resources during the 2nd quarter worth approximately $55,000. Finally, Scarborough Advisors LLC acquired a new stake in Arch Resources during the 4th quarter worth approximately $56,000. 88.14% of the stock is 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.