Arch Resources, Inc. (NYSE:ARCH) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Arch Resources, Inc. (NYSE:ARCH) has earned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $167.17.

A number of brokerages recently weighed in on ARCH. Piper Sandler upgraded shares of Arch Resources from a “neutral” rating to an “overweight” rating and cut their price target for the company from $165.00 to $150.00 in a research report on Monday. Benchmark reiterated a “buy” rating and issued a $180.00 price target on shares of Arch Resources in a research report on Monday, November 18th. Jefferies Financial Group upgraded shares of Arch Resources from a “hold” rating to a “buy” rating and cut their price target for the company from $165.00 to $150.00 in a research report on Monday. Finally, StockNews.com assumed coverage on shares of Arch Resources in a report on Monday. They set a “hold” rating on the stock.

Insiders Place Their Bets

In other news, VP Deck Slone sold 253 shares of Arch Resources stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $144.75, for a total value of $36,621.75. Following the sale, the vice president now directly owns 29,120 shares in the company, valued at $4,215,120. This trade represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.40% of the company’s stock.

Hedge Funds Weigh In On Arch Resources

Several hedge funds and other institutional investors have recently made changes to their positions in ARCH. Bank of New York Mellon Corp grew its stake in shares of Arch Resources by 1.7% in the second quarter. Bank of New York Mellon Corp now owns 176,014 shares of the energy company’s stock valued at $26,795,000 after buying an additional 2,910 shares in the last quarter. Regal Partners Ltd grew its stake in shares of Arch Resources by 9.7% in the second quarter. Regal Partners Ltd now owns 132,029 shares of the energy company’s stock valued at $20,099,000 after buying an additional 11,676 shares in the last quarter. TD Asset Management Inc bought a new position in shares of Arch Resources in the second quarter valued at $578,000. Hourglass Capital LLC grew its stake in shares of Arch Resources by 24.8% in the second quarter. Hourglass Capital LLC now owns 5,025 shares of the energy company’s stock valued at $765,000 after buying an additional 1,000 shares in the last quarter. Finally, Gallacher Capital Management LLC grew its stake in shares of Arch Resources by 5.4% in the second quarter. Gallacher Capital Management LLC now owns 2,877 shares of the energy company’s stock valued at $438,000 after buying an additional 147 shares in the last quarter. 88.14% of the stock is owned by institutional investors.

Arch Resources Price Performance

Shares of NYSE:ARCH opened at $139.48 on Thursday. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 14.65 and a beta of 0.69. The firm’s 50 day simple moving average is $155.76 and its 200 day simple moving average is $145.42. Arch Resources has a fifty-two week low of $116.44 and a fifty-two week high of $187.60.

Arch Resources (NYSE:ARCH) last announced its quarterly earnings results on Tuesday, November 5th. The energy company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of $1.83 by ($2.17). The firm had revenue of $617.90 million during the quarter, compared to analyst estimates of $587.71 million. Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. The business’s revenue was down 17.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.91 earnings per share. Equities research analysts expect that Arch Resources will post 5.86 earnings per share for the current 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 dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 0.72%. Arch Resources’s dividend payout ratio (DPR) is currently 10.50%.

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.