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

StockNews.com began coverage on shares of Arch Resources (NYSE:ARCH) in a research report report published on Saturday. The brokerage issued a hold rating on the energy company’s stock.

A number of other equities analysts have also recently weighed in on ARCH. Benchmark reissued a buy rating and issued a $180.00 price target on shares of Arch Resources in a research note on Friday, July 26th. B. Riley lifted their price target on Arch Resources from $192.00 to $198.00 and gave the stock a buy rating in a research note on Monday, July 29th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of $178.25.

Arch Resources Price Performance

NYSE:ARCH opened at $130.13 on Friday. The business’s 50-day moving average price is $143.10 and its 200 day moving average price is $156.24. The firm has a market cap of $2.36 billion, a P/E ratio of 8.03 and a beta of 0.64. Arch Resources has a 52-week low of $116.44 and a 52-week high of $187.60. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.07.

Arch Resources (NYSE:ARCH) last released its earnings results on Thursday, July 25th. The energy company reported $0.81 earnings per share (EPS) 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 analyst estimates of $562.23 million. Arch Resources had a return on equity of 17.91% and a net margin of 9.24%. Arch Resources’s revenue was down 19.6% on a year-over-year basis. During the same period in the previous year, the firm earned $4.04 earnings per share. As a group, sell-side analysts predict that Arch Resources will post 12.74 earnings per share for the current fiscal year.

Arch Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, August 30th. This represents a $1.00 dividend on an annualized basis and a yield of 0.77%. Arch Resources’s payout ratio is presently 5.88%.

Institutional Investors Weigh In On Arch Resources

A number of institutional investors have recently bought and sold shares of ARCH. CWM LLC lifted its holdings in shares of Arch Resources by 132.0% during the 2nd quarter. CWM LLC now owns 174 shares of the energy company’s stock valued at $26,000 after buying an additional 99 shares during the last quarter. Newbridge Financial Services Group Inc. lifted its holdings in shares of 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 valued at $33,000 after buying an additional 190 shares during the last quarter. Lindbrook Capital LLC lifted its holdings in shares of Arch Resources by 99.0% during the 1st quarter. Lindbrook Capital LLC now owns 201 shares of the energy company’s stock valued at $32,000 after buying an additional 100 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Arch Resources by 5,500.0% during the 2nd 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 last quarter. Finally, Scarborough Advisors LLC acquired a new stake in shares of Arch Resources during the 4th quarter valued at about $56,000. 88.14% of the stock is currently 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.