StockNews.com Initiates Coverage on Arch Resources (NYSE:ARCH)

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

ARCH has been the topic of several other reports. Jefferies Financial Group raised Arch Resources from a “hold” rating to a “buy” rating and reduced their target price for the company from $165.00 to $150.00 in a research note on Monday, January 6th. Benchmark restated a “buy” rating and set a $180.00 price target on shares of Arch Resources in a research report on Monday, November 18th. Finally, Piper Sandler upgraded Arch Resources from a “neutral” rating to an “overweight” rating and dropped their price target for the company from $165.00 to $150.00 in a research report on Monday, January 6th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Arch Resources has a consensus rating of “Moderate Buy” and a consensus target price of $167.17.

Arch Resources Price Performance

Shares of Arch Resources stock opened at $134.83 on Wednesday. The business’s 50 day simple moving average is $150.23 and its two-hundred day simple moving average is $143.54. The stock 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 one year low of $116.44 and a one year high of $187.60.

Arch Resources (NYSE:ARCH) last announced its quarterly earnings results on Tuesday, November 5th. The energy company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of $1.83 by ($2.17). Arch Resources had a return on equity of 13.22% and a net margin of 6.69%. The company had revenue of $617.90 million during the quarter, compared to analysts’ expectations of $587.71 million. During the same period last year, the firm earned $3.91 earnings per share. Arch Resources’s revenue for the quarter was down 17.0% on a year-over-year basis. Sell-side analysts expect that Arch Resources will post 5.02 earnings per share for the current fiscal year.

Arch Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th were issued a $0.25 dividend. 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 (DPR) is 10.50%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its holdings in shares of Arch Resources by 340.5% during the fourth quarter. GAMMA Investing LLC now owns 185 shares of the energy company’s stock valued at $26,000 after purchasing an additional 143 shares in the last quarter. Quest Partners LLC bought a new position in shares of Arch Resources during the third quarter valued at $50,000. KBC Group NV lifted its holdings in shares of Arch Resources by 43.3% during the third quarter. KBC Group NV now owns 569 shares of the energy company’s stock valued at $79,000 after purchasing an additional 172 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Arch Resources by 191.1% during the third quarter. Blue Trust Inc. now owns 978 shares of the energy company’s stock valued at $149,000 after purchasing an additional 642 shares in the last quarter. Finally, Westchester Capital Management LLC bought a new position in shares of Arch Resources during the third quarter valued at $157,000. 88.14% of the stock is 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.