Arch Resources, Inc. (NYSE:ARCH) Receives $167.17 Average Target Price from Analysts

Arch Resources, Inc. (NYSE:ARCH) has been given a consensus recommendation of “Moderate Buy” by the six research firms that are currently covering the company, MarketBeat 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 1-year target price among brokers that have updated their coverage on the stock in the last year is $167.17.

Several brokerages recently issued reports on ARCH. StockNews.com started coverage on Arch Resources in a research note on Thursday. They set a “hold” rating on the stock. Jefferies Financial Group raised 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 report on Monday, January 6th. Benchmark reiterated a “buy” rating and issued a $180.00 price objective on shares of Arch Resources in a report on Monday, November 18th. Finally, Piper Sandler upgraded shares of Arch Resources from a “neutral” rating to an “overweight” rating and dropped their price target for the stock from $165.00 to $150.00 in a research report on Monday, January 6th.

Hedge Funds Weigh In On Arch Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in ARCH. FMR LLC lifted its position in Arch Resources by 159.5% during the 3rd quarter. FMR LLC now owns 657,654 shares of the energy company’s stock worth $90,862,000 after buying an additional 404,249 shares in the last quarter. Holocene Advisors LP lifted its position in Arch Resources by 422.4% during the 3rd quarter. Holocene Advisors LP now owns 250,349 shares of the energy company’s stock valued at $34,588,000 after purchasing an additional 202,425 shares during the period. Trium Capital LLP bought a new position in shares of Arch Resources in the 4th quarter valued at about $21,109,000. Point72 Asset Management L.P. acquired a new position in Arch Resources in the third quarter valued at approximately $9,828,000. Finally, Alpine Associates Management Inc. bought a new position in Arch Resources in the third quarter valued at approximately $8,404,000. 88.14% of the stock is owned by institutional investors.

Arch Resources Stock Performance

Shares of NYSE ARCH opened at $134.83 on Monday. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 14.16 and a beta of 0.69. Arch Resources has a 1 year low of $116.44 and a 1 year high of $187.60. The stock’s 50-day simple moving average is $146.93 and its 200-day simple moving average is $142.65.

Arch Resources (NYSE:ARCH) last issued its 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 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 for the quarter was down 17.0% compared to the same quarter last year. During the same quarter last year, the company posted $3.91 EPS. As a group, research analysts predict that Arch Resources will post 5.02 EPS for the current year.

Arch Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were given 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 dividend yield of 0.74%. Arch Resources’s dividend payout ratio is presently 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.