Arch Resources, Inc. (NYSE:ARCH) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Arch Resources, Inc. (NYSE:ARCH) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $167.17.

Several equities research analysts recently weighed in on the company. Jefferies Financial Group raised Arch Resources from a “hold” rating to a “buy” rating and reduced their price target for the stock from $165.00 to $150.00 in a research note on Monday, January 6th. Benchmark reiterated a “buy” rating and issued a $180.00 price target on shares of Arch Resources in a research note on Monday, November 18th. Piper Sandler upgraded shares of Arch Resources from a “neutral” rating to an “overweight” rating and cut their price objective for the stock from $165.00 to $150.00 in a report on Monday, January 6th. Finally, StockNews.com began coverage on shares of Arch Resources in a report on Wednesday, January 22nd. They set a “hold” rating for the company.

Institutional Trading of Arch Resources

Several institutional investors have recently added to or reduced their stakes in ARCH. 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. Holocene Advisors LP raised its position in Arch Resources by 422.4% in the 3rd quarter. Holocene Advisors LP now owns 250,349 shares of the energy company’s stock worth $34,588,000 after buying an additional 202,425 shares during the last quarter. Trium Capital LLP bought a new position in Arch Resources during the 4th quarter valued at about $21,109,000. Point72 Asset Management L.P. purchased a new stake in shares of Arch Resources during the 3rd quarter valued at about $9,828,000. Finally, Alpine Associates Management Inc. bought a new stake in shares of Arch Resources in the third quarter worth approximately $8,404,000. 88.14% of the stock is currently owned by hedge funds and other institutional investors.

Arch Resources Stock Performance

Shares of Arch Resources stock opened at $134.83 on Monday. Arch Resources has a 12-month low of $116.44 and a 12-month high of $187.60. The company has a market cap of $2.44 billion, a P/E ratio of 14.16 and a beta of 0.69. The company’s fifty day simple moving average is $149.65 and its two-hundred day simple moving average is $143.21.

Arch Resources (NYSE:ARCH) last released its quarterly 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). The company had revenue of $617.90 million during the quarter, compared to the consensus estimate of $587.71 million. Arch Resources had a return on equity of 13.22% and a net margin of 6.69%. Arch Resources’s quarterly revenue was down 17.0% on a year-over-year basis. During the same period in the previous year, the company earned $3.91 earnings per share. Analysts predict that Arch Resources will post 5.02 EPS for the current fiscal year.

Arch Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were issued a $0.25 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.74%. Arch Resources’s payout ratio is currently 10.50%.

About Arch Resources

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.